Podcasts about members sipc

Too many people in the U.S., particularly those from communities of color, live in geographic areas that have little to no access to an affordable and adequate supply of healthy and fresh whole foods. Unequal access to quality food has ripple effects across health, performance in school, and ultimately, the ability to generate wealth. On this episode, we learn about how food industry professionals are working to eliminate food deserts across the country. First we hear from entrepreneur Cassandria Campbell, who co-founded Fresh Food Generation in Boston after moving back to the area in her early 20s and finding that there still weren't many places to get a quick, healthy, delicious meal. Then, host Carla Harris speaks with Something Better Foods founder and CEO, Chef GW Chew, about scaling his plant-based food manufacturing business in order to make securing fresh food a reality for all people. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

Between the authors landing 6 figure deals to the editors sourcing new talent: the publishing industry in America is much whiter than the general population. While some progress has been made since the #PublishingPaidMe movement of June 2020, there is still a long way to go to make the publishing industry equitable. On this episode, we learn about how industry insiders are breaking down barriers for aspiring authors of color. First, we hear from published author Khalisa Rae about how she found her voice as a poet and, after facing discrimination in her youth, found mentorship and belonging at an HBCU, which ultimately set her on the path to becoming an award-winning writer. Then, host Carla Harris sits down with publishing expert Dawn Michelle Hardy, also known as The Literary Lobbyist. Dawn has spent the last 20 years helping authors of color get published and paid, and shares her insights on what it takes to get a book published, as well as how she is seeing the industry become more accessible for talented writers who've traditionally been left off bookshelves, and what more needs to be done. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

On this episode, we're exploring the potential of the circular economy. First, we hear from Kenyan entrepreneur Nzambi Matee about how she's tackling the plastic waste problem in Nairobi through Gjenge Makers, her company that creates alternative building products out of the typically disposed of material. Nzambi speaks to the potential for innovative solutions such as affordable housing that come from reframing how we view the waste that we create. Then, host Carla Harris sits down with Garry Cooper, the founder of Rheaply, a platform that connects businesses and organizations to each other to help circulate everything from desktops or chairs to heavy machinery, rather than sending them to the landfill. Garry discusses what he sees as a $630 billion market for unused and underused things. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

On this special episode, Carla Harris sits down with journalist and fellow Morgan Stanley podcast host Sonari Glinton to discuss their careers, the roles they play in fostering opportunity and their experiences around equity in the economic landscape. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

On this special episode, Sonari Glinton sits down with 33-year Wall Street veteran and fellow Morgan Stanley podcast host Carla Harris to discuss their careers, the roles they play in fostering opportunity and their experiences around equity in the economic landscape. The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

On this episode, we're talking about the push for more representation of Asian Americans and Pacific Islanders in entertainment. First, we hear from musician Charlene Kaye, also known as KAYE, about how the lack of Asian American artists she had to look up to growing up forced her to shy away from her identity. Charlene shares how she is now furthering the conversation through music, and her podcast, Golden Hour. Then, host Carla Harris sits down with Bing Chen, the founder of non-profit Gold House, to learn how he has spent the last four years putting community and capital behind AAPI representation, helping drive the success of films such as Crazy Rich Asians, Parasite and Minari. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

On this episode, we're talking about America's high rate of recidivism – with nearly 80% of those incarcerated returning to prison after five years – and what can be done to reduce this figure. First, we hear from Marcus Bullock, the founder and CEO of tech company Flikshop, about the obstacles he faced when transitioning back into society after serving an eight-year prison sentence. Marcus applied for 41 jobs before finally finding employment as a paint mixer, opening the door for him to eventually start his own businesses and find ways to help other formerly incarcerated individuals with their reentry journey. Then, host Carla Harris sits down with Marcus Glover, Managing Partner of VC firm Lockstep Ventures, to discuss the real opportunity in breaking down barriers to employment for formerly incarcerated individuals. Marcus outlines the mechanisms in place that lead to reoffending and offers ways that the VC community can leverage its investments to help stem the cycle of recidivism. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

Money circulates nearly an unlimited number of times in white neighborhoods, but only once in African-American communities, according to the Selig Center for Economic Growth. On this episode, we ask: how can we keep the Black dollar circulating in Black communities for longer? First, we hear from Bernard Bronner, President and CEO of Bronner Bros., the Black, family-owned beauty company behind the annual Bronner Bros. Hair Show. After losing their best-selling hair care product because they didn't manufacture it themselves, the Bronners recognized the importance of ownership for sustaining not only the company, but the broader Black community. Then, host Carla Harris sits down with author and activist Maggie Anderson, who embarked on a year-long journey to only buy Black. Through her lived experience and supporting data, Maggie unpacks the historical and ongoing factors that prevent Black dollars from circulating through the Black community. And she highlights opportunities that exist for Black entrepreneurs and consumers to reclaim the power of their dollar. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

According to the U.S. Census, roughly one in ten homes in America lack a broadband internet connection, and the city of Brownsville, Texas tops the list of least connected cities in the country. On this episode, we'll learn from two people on the frontlines in the battle against this digital divide. We hear from Brownsville high school teacher Mayra Delgado. After seeing her students struggle with connectivity, she co-founded a group called What the Fiber to address the problem. Then, host Carla Harris sits down with one of the people that are helping to bring broadband to Brownsville, Rene Gonzalez. Rene is the co-founder and Chief Strategy Officer of Lit Communities, a company that helps cities develop their own fiber networks instead of bringing in an outside internet service provider. This not only connects their residents and businesses but allows the city to earn money by charging Internet Service Providers (ISPs) for use of the city network. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC, Members SIPC.

Host Sonari Glinton finds out how changing climates and unpredictable weather will continue to impact coffee crops, create shipping delays, and raise the price of a cup of joe, and what some are doing to help create resilience in the face of these challenges. We meet Luiz Araripe, a Brazilian coffee exporter who's been in the business for over 40 years. He describes how recent droughts and frost have devastated many farmers. Climate scientist Anders Levermann explains how changing weather will impact the global supply chain for coffee and even more complicated goods. Finally, we hear from Mariana Vasconcelos who grew up on a farm in Brazil and co-founded Agrosmart, a tech company that helps farmers become more sustainable and resilient to climate change. Disclaimers:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2022 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Host Sonari Glinton finds out why some pet owners struggled to find canned food, what's in pet food to begin with, and why competition for key ingredients may be forcing that to change.Along the way we meet David Saltz, who went to great lengths to track down the only food his finicky cat, Tiger, will eat. Dana Brooks, President of the Pet Food Institute, explains the supply chain challenges pet food makers are facing and Rachelle Cantet of Entoma Petfood outlines why insect protein may be the ideal pet food of the future. Disclaimers:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Host Sonari Glinton finds out why the trucking industry is short tens of thousands of drivers, and how the pandemic exacerbated the problem. We learn about the ways the industry is changing to recruit new drivers - and keep the ones it has - and how innovative thinking and technology could lead to an industry-wide overhaul.In this episode we meet Christopher Johns, a British trucker who's been driving for 15 years, and knows firsthand why this job is so tough. Kendra Hems, President of the Trucking Association of New York lays out the challenges her industry is facing, and how it's changing as a result. And Kunwar Walia, a transportation design researcher, unearths some of the baseline issues and how new ways of approaching old problems could help drivers, the industry and the whole supply chain.Disclaimers:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

More than half of asset managers still believe that hiring diverse teams comes at the cost of higherreturns, despite data showing otherwise. On this episode, host Carla Harris speaks to Heard Capitalfounder and CEO William Heard as he shares his journey to become a successful Black hedge fundmanager and how he's paving the way for money managers like himself, with less traditional pedigrees,to achieve their goals in the financial industry.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityDisclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“MorganStanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley.The information and figures contained herein has been obtained from sources outside of Morgan Stanleyand Morgan Stanley makes no representations or guarantees as to the accuracy or completeness ofinformation or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for theinformation or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offerto buy or sell any security or other financial instrument or to participate in any trading strategy. It has beenprepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

On this episode, we learn about how one woman is working to foster economic equity in the outdoors and how supporting founders of color will improve the outdoor industry for everyone. We hear from founder Patricia Cameron about her nonprofit, Blackpackers, which aims to address the gap in representation in the outdoors by providing gear, outdoor excursions and outdoor education for free or at a subsidized cost. Then, host Carla Harris sits down with Dan Kihanya, REI's Director of Corporate Development and Racial Equity. Dan explains REI's latest initiative “Path Ahead Ventures” which was created to invest in founders of color and promote inclusion within the outdoor industry. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

Host Sonari Glinton explores the great kettlebell shortage of 2020, as closed gyms led to unprecedented demand for home exercise equipment. We learn how manufacturing overseas made kettlebells difficult to get, and how bringing the manufacturing to the U.S. and supply chain diversification provided ways to meet the demand, but were far from simple solutions.In this episode we meet Jennifer Lau, co-owner of FitSquad who experienced the kettlebell demand firsthand. At the same time, Jay Perkins, the co-founder of Kettlebell Kings saw his supply of overseas manufactured kettlebells stall when demand was at its highest. We go to Viet Nam to meet Dinh Tien Vu, Director of Vietnam CastIron who was able to manufacture kettlebells in his foundry while Chinese factories were shut down. And we talk to Joe Franklin of USA-Iron, who was able to make kettlebells quickly by producing domestically in the USA.Disclaimers:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Host Sonari Glinton explores why we've all been warned to start holiday shopping early. We discover how toymakers are navigating shipping delays, what's causing those delays, and why local, independent shops have an important role to play in alleviating supply chain shortages.On this episode of our supply chain season, we meet Nora O'Leary, President of Manhattan Toy, who's had to make some tough decisions this year. Lars Jensen, CEO of Vespucci Maritime, is an expert in the shipping world who breaks down exactly what is breaking down, and why. And we meet Keewa Nurullah, a toy store owner in Chicago, who believes supply chain challenges are highlighting the importance of local, independent shops.Disclaimers:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Host Sonari Glinton delves into the workings of the just-in-time inventory model and how it let down millions of frontline workers at the start of the pandemic. We find out how relationships along the supply chain are deeply critical, and how new technology is provoking a rethink in healthcare manufacturing.In the episode we meet Dr. Andy Artenstein, an infectious disease specialist and Chief Physician at Baystate Health in Massachusetts who went to extremes to get PPE for his staff of thousands. Vanessa Iarocci tells us about how supply chain relationships helped save her business as she pivoted from selling uniforms to PPE. Guarav Manchanda, Director of Medical Market Development at FormLabs, describes being at the hub of a PPE supply chain solution network and what 3-D technology could mean for the future of healthcare manufacturing.Disclaimers:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

As of 2021, $1.7 million in student loan debt is collectively owed by 45 million borrowers. On this episode, we hear from entrepreneur Farrukh Siddiqui about his company, Defynance, which works with former students to pay off their loans and replace them with income share agreements. Then, host Carla Harris sits down with Betsy Mayotte, the president and founder of The Institute of Student Loan Advisors. Betsy shares her insights on the student debt crisis and discusses how access to free, neutral and clear student loan advice can empower borrowers to make informed decisions when it comes to financing their education. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

In March 2021, the Ever Given cargo ship got stuck in the Suez Canal and opened the world's eyes to the vulnerability of a system we rely on each and every day. In this episode we meet Jan Unander, a Swedish importer who had goods aboard the Ever Given and almost lost his business because of the delays. Jake Slinn, the owner of JS Global Cargo and Freight Disposal, takes us to the Port of Felixstowe to illuminate how much cargo went to waste as a result of the Ever Given stoppage, and the traffic jam of ships stuck behind it. Finally, we meet Port Chaplain Julian Wong, who visited the Ever Given when it docked in Felixstowe and deeply understands the stressful lives of the people who work on cargo ships. Disclaimers:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

On this episode, we delve into the world of NFTs, cryptocurrency, and blockchain technology. We hear from artist Lauren Washington, a senior at Northwestern University, who is using non-fungible tokens, or NFTs, to help connect with a new and thriving community of collectors and artists of color. Then, host Carla Harris sits down with Erikan Obotetukudo, founder of the Audacity Fund and founding member of Crypto for Black Economic Empowerment. Erikan shares her insights on the inequities of traditional financial systems and the potential for cryptocurrency to change the narrative for entrepreneurs of color and others left behind around the world. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

On this episode, we learn about alternatives to traditional investments that provides access to new groups of investors. We hear from Gerome Sapp, a former NFL player who conceived of Rares, a platform that makes investment more accessible by allowing his fellow sneakerheads to buy and sell shares in particularly notable and rare sneakers. Host Carla Harris then sits down with Glenn Gonzalez, a former Air Force pilot who turned his love for aviation into a business opportunity by founding Jet It, a company that is working to open the private aviation industry to a broader demographic. Jet It makes luxury more affordable by allowing clients to own a fraction of a jet. Come on and join us for the ride. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

On this episode, we're continuing the conversation about the wealth gap through the lens of the Black financial experience. We hear from Eddie Slaughter, a legacy farmer based in Buena Vista, Georgia, who spent thirty plus years fighting the USDA to keep ownership of property that had been in his family for generations. Then, host Carla Harris sits down with Shelley Stewart III, a McKinsey partner who leads the firm's research on Black economic mobility. We discuss the racial inequities that have kept Black Americans from building wealth and how those affected can prosper in spite of it. Come on and join us for the ride. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

The pandemic pushed parents, particularly working mothers, past a breaking point. As the U.S. begins to recover from the economic and social setbacks stemming from so many women leaving the workforce to care for their kids, we look at the history and future of childcare. Host Sonari Glinton talks with three working mothers who have lived through the ups and downs of childcare. Sonia McDaniel is an essential hospital worker and single parent to four daughters between the ages of three and 20. During the pandemic, with daycares and schools closed, she had to find creative solutions to keep her working and keep everyone safe. Ciera Maul has three kids under the age of five and if it weren't for her company's onsite daycare, she wouldn't be in the workforce. Finally, we hear from Julie Kashen, working mother, and economist at The Century Foundation. She has devoted her career to finding public policy solutions for domestic workers and working moms and she feels like people are finally paying attention to childcare and the care economy. The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

On this episode, we're talking about the importance of reaching back to help others on their business journey and how alternative sources of investment can help women of color take their companies to the next level. We hear from Maya Penn, founder and CEO of Maya's Ideas, a slow fashion brand she started at just eight years old. She shares what she's learned about raising funds as a young, black, female entrepreneur, and the help she's received along the way. Then, host Carla Harris sits down with Maya's mentor, Phyllis Newhouse, to hear about her role as the first Black female CEO of a special purpose acquisition company, or SPAC, alongside fintech founder and venture capitalist Isabelle Freidheim. We talk about how alternative investment can help bolster women of color owned companies. Come on and join us for the ride. Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

The pandemic has taken a terrible toll on elderly people and their caregivers. Host Sonari Glinton talks to families and caregivers finding new ways to take better care of the elderly. Willie Wright is 63 and lives alone in Cleveland, Ohio while his daughter Lauren lives over 500 miles away in North Carolina. We listen as they talk about the future and how they'll manage as Willie gets older. Then we meet Iris Yafuso Toguchi, who relies on Kupuna Care, a Hawaiian state program for caregivers, to keep her mother, Irene, at home. Registered nurse Rudy Sukna has spent 20 years working at one of the largest nursing homes in New York. Despite staffing issues, dangerous working conditions, and losing many of his patients to COVID, Rudy still believes nursing homes are a good option for seniors. Finally, we meet Sylvia Mendoza who struggled to find her late mother, Lupe, a nursing home that felt like home... then she discovered The Green House Project.Disclaimers:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Industrialists like Henry Ford made the 40-hour work week popular in the 1920s: a hundred years later we look at how it's working out for us. Host Sonari Glinton talks to Celeste Headlee, journalist and author of Do Nothing, about burnout, and how that led her to reorient her life and approach to work. Next, we meet Jomar Reyes, who worked at Danish digital marketing agency IIH Nordic as they transitioned to a 4-day work week. Finally, Jennifer Scott is a bike courier and labor activist in Toronto and her work schedule makes 9-5 look like a dream. Jennifer explains how gig workers are fighting for more sustainable careers. Disclaimers:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

On this episode, we're tackling the wealth gap from the perspective of two strong Latina founders who are flipping the script around finance in their communities. We hear from Rita Soledad Fernandez Paulino, the financial literacy influencer behind Wealth Para Todos, an online community that was born of Soledad's own journey to become debt free. Then, host Carla Harris sits down with media entrepreneur Beatriz Acevedo, a former television host who found her voice in advocating for financial literacy in diverse communities after her own money troubles. She now leads SUMA Wealth, an online platform she co-founded to create financial education content that speaks to Latinx youth. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

How is the pandemic changing higher education? We meet people rethinking online teaching, what students need to succeed and why a campus matters. Host Sonari Glinton checks in with college student Jacob Sarasohn. When his art school classes went virtual, Jacob decided to put college on hold and become an Emergency Medical Technician. We find out how that experience changed him and if he'll go back to college. At Georgetown University, we meet Bushra Shaikh and her professor, Elizabeth Grimm, who found ways to make their Zoom class meaningful and effective. Tech CEO LaShana M. Lewis had a difficult time finding her place at college and ended up leaving without a degree. She struggled for years to land a job in her field, until an apprenticeship program offered a breakthrough. Finally, Sonari speaks with Brenda A. Allen, President of Lincoln University, a historically Black university about how a shift to virtual school during the pandemic has brought home the value of the campus experience. Disclaimers: The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2021 Morgan Stanley & Co. LLC, Members SIPC.

Host Sonari Glinton meets people around the world who are reimagining shopping malls, what they mean to a community, and how to build them for a sustainable future. Malls were originally designed to be the centerpiece of a community. For a long time, they were. Between the boom in online shopping and over-retailing, many malls were struggling even before the pandemic. Now, experts predict every 1-of-4 malls in the U.S. may close over the next five years. For this episode, we travel around the world to figure out why we go to the mall, how to build them more sustainably and how failing malls are being reimagined.As head of the California Fashion Association, Ilse Metchek visits a different mall every week. She believes malls are no longer about shopping, they’re about experiences. To get a sense of how top-tier experience malls work, we head to Singapore, where restaurateur Howard Lo takes us inside the world-renowned Jewel Changi. Next up: Melbourne Australia, where architect Stephen Choi gives us a tour of Burwood Brickworks, a mall designed around sustainability and climate change. Lastly, we visit the Landmark Mall in Virginia, where Monise Quidley helped turn a defunct department store into a homeless shelter.Disclaimers: The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Host Sonari Glinton explores how this past year changed the ways we watch movies, who gets to tell stories, and how box office and production power is shifting.In this first episode of our new season, we meet Shelli Taylor, who became the CEO of Alamo Drafthouse Cinemas just weeks after the pandemic temporarily closed all their locations. Cameron Bailey, Artistic Director and Co-Head of the Toronto International Film Festival, talks about diversity in Hollywood, and how the past year is shifting the films and filmmakers we celebrate. Then we meet Vicky Ding, who runs a film sales company in Beijing, where theatres are booming as China takes the lead as the biggest box office in the world. Disclaimers:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and data contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Dhani Jones is currently the Chairman and Co-Founder of Qey Capital Partners, a strategic consultancy firm that helps companies find investments. After an eleven year career in the NFL and starting several ventures of his own, Dhani helped launch the Hillman Accelerator, which focuses on investing in tech companies with women and people of color in leadership roles. In this episode, he explains how his career as an NFL linebacker taught him to be intentional about his entrepreneurial ambitions and to build a community to support that shared vision. Come on and join us for the ride. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

Edith Dorsen is the founder and Managing Director of the Womens VC Fund, which focuses on investing in companies with diverse leadership. Joining her is Reggie Van Lee, an early believer and advisor to the Fund, as well as the Chief Transformation Officer of the Carlyle Group. Together they work towards fostering equity in the venture capital industry. In this episode, they discuss the inspiration behind the Fund, the challenges they faced early on to persuade skeptics of the value in diversity and the Fund’s plans for the future. Come on and join us for the ride.Check out the HBR article "Institutional Investors Must Help Close the Race and Gender Gaps in Venture Capital" co-authored by Reggie Van Lee and Ilene H. Lang.You can take the Access and Opportunity listener survey.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityDisclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

Carla speaks with investor and three-time NBA champion Andre Iguodala about becoming a venture partner at the Catalyst Fund, which focuses on investing in companies founded by African American, Hispanic and women entrepreneurs.Andre Iguodala, best known as a three-time NBA champion, is now a venture partner at the Catalyst Fund. Iguodala has leveraged his success in the league to build a prominent career investing in the technology sector, and his work with the Catalyst Fund focuses on supporting startups with founders from diverse, underfunded backgrounds. In this episode, Iguodala takes us back to how he got started in investing, the importance of surrounding yourself with smart, experienced people and how his work with the Catalyst Fund is helping African American, Hispanic and women entrepreneurs secure funding they need for growth and more innovation.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

Carla speaks with investor Chris Lyons, head of the Cultural Leadership Fund at Andreesen Horowitz, a fund that connects Black cultural leaders as Limited Partners to new technology companies, and benefiting organizations working for a greater African Americans presence in tech. Chris Lyons is the head of the Cultural Leadership Fund at Andreessen Horowitz, a D.C.-based fund created to connect Black cultural leaders with tech companies while elevating African American creators in the tech industry. Chris began his career as an audio engineer, but found himself catching the startup bug when he started PictureMenu in 2010. He eventually moved to Silicon Valley through the NewMe accelerator. Since then, he has been all-in on the startup world, eventually taking on the role of investor. In this episode, Chris takes us through his journey in the technology industry and how he continues to advocate for increased African-American and diverse representation in tech. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityDisclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

The pandemic has created a huge mental health crisis. We’re all feeling the strain and many of us are admitting, for the first time, that we need help. It’s ok to not be ok. In the last episode of our season, we look at how this pandemic forces us to examine our own mental health, and helps us erase the stigma around asking for help.Host Sonari Glinton hears how COVID-19 exposed how broken our mental healthcare system already was. Dr. Curtis Wittman reflects on the mental health crisis from the health care front line. Ghazal Azarbad explains why this was the year she took therapy seriously. Camesha L. Jones is a therapist who is seeing more first-time patients than ever. And Dr. Kristen R. Choi is a Registered Nurse who teaches at UCLA. She’s thinking through how this crisis creates opportunities for new approaches and technologies for managing our own mental health.If you or someone you know is struggling with mental health, the following is a list of some mental health resources: In the U.S.A. In the UK. In Canada. For Kids and Teens.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2020 Morgan Stanley & Co. LLC, Members SIPC.

Carla speaks with entrepreneur and former NFL cornerback Shawn Springs, founder and CEO of Windpact, a company focusing on impact protection across industries, including sports, automotive, and the military applications.Shawn Springs is the founder and CEO of technology company Windpact, a startup focused on something near and dear to him: impact protection. Their technology has applications in industries ranging from sports, to automotive, to the military. In this episode, Shawn tells us how events in his own life inspired him to create technology that can change the lives of others, how he leveraged the relationships and lessons from his 13-year NFL career and how his vision for Windpact has changed as the company has grown. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityDisclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.Morgan Stanley is acting as financial advisor to General Motors Company (“GM”) in connection with the formation of a strategic relationship between Cruise LLC (“Cruise”) and Microsoft Corporation (“Microsoft”), and Microsoft’s investment into Cruise, as announced on January 19, 2021. The transaction is subject to customary closing conditions and regulatory approvals. General Motors has agreed pay fees to Morgan Stanley for its financial services. Please refer to the notes at the end of this report.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

Education was one of the pandemic’s first casualties. When schools closed overnight, students and teachers switched to virtual classrooms—a massive social experiment that hasn’t been easy on anyone. But it also revealed opportunities to rethink the ways in which we teach, and what is most valuable in education.Host Sonari Glinton speaks with students and teachers to find out how their lives have changed when it comes to school. Eight-year-old Escher Olson moved to a new country with his family, so that he could go to school in person rather than virtually. His mother, Sophie Olson, talks about why they made that decision. Olivia Clarke, a 16 -year-old student—and new author—opted into remote learning at her private girls school. She noticed that, like her, everyone else in her grade who did the same was Black. Ilana Drake and Pratham Dalal talk about what they fear losing when they can’t attend high school in person. Professor and teacher Lindy Elkins-Tanton says online learning will fail if we don’t change how we teach. And elementary school teacher Eppie Miller built an outdoor classroom to help her students through the pandemic. Special thanks to YR Media for helping us connect with the high school students featured in this episode.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2021 Morgan Stanley & Co. LLC, Members SIPC.

Carla speaks with media entrepreneur Ana Flores, founder and CEO of #WeAllGrow Latina Network, a community that has elevated the voices and stories of Latinas for the past 10 years.Ana Flores is the creator of the first and largest community of Latina digital influencers, and is among the only 1% of Latina owned companies to ever hit the $1 million revenue mark. In this episode, Ana walks us through her upbringing between El Salvador and Houston, her early career in television, and embracing an entrepreneurial spirit that led her to start her first company. Today, she continues to elevate Latina voices through the power of her community, as she celebrates #WeAllGrow Latina Network’s 10-year anniversary. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityDisclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.

Before the pandemic, about half of all Americans dined out at least twice a week. The pandemic has pushed hundreds of thousands of restaurants into bankruptcy—and the rest are struggling to stay afloat. In order to keep the lights on, many have shifted their business models, and are embracing innovations and experimentation.Host Sonari Glinton checks in with his friend Steve Lombardo in Chicago, who manages the Gibsons Restaurant Group. They’ve been hit hard by the pandemic. Colleen Vincent of the James Beard Foundation gives us a reality check on the restaurant industry at large—and explains why the stakes are so high. Executive Chef Shaun Garcia, from Soby’s in South Carolina, is teaching would-be diners how to cook his menu in their own homes. Chef Ed Hardy embraces the ghost kitchen model to cook his way out of trouble. And Chef Lex tells us what it was like to cook inside the NBA Bubble.Disclaimer Text:The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2020 Morgan Stanley & Co. LLC, Members SIPC.

Carla speaks with media entrepreneur Morgan DeBaun, Founder and CEO of Blavity, a voice for Black millennials in the media and marketing landscape, about staying true to your vision as you grow and evolve.Morgan DeBaun is one of the first 15 American women to raise over $1 million in venture funding. Now she has raised more than $9 million for her company, Blavity, and its brands reach over 80 million monthly users. In this episode, Morgan takes us through her roots in St. Louis, the struggles of bootstrapping your own business, and what she’s learned about fundraising along the way. All this began when, at age 24, Morgan noticed that mainstream media was lacking a voice for Black millennials. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

Thanks to the pandemic, some 40% of Americans no longer head into the office to get work done. For many, the shift to remote work could be permanent, and yet millions of others do not have that luxury. This trend exacerbates the fault line between those who can, and those who can’t. But as much as experts tout “the end of the office”, a few with years of remote work experience argue that there’s a shelf life to this new way of working - and downsides that must be considered. Host Sonari Glinton hears from NASA astronaut Jessica Meir on her extreme remote work experience stationed aboard the International Space Station during the outbreak. Over in the UK, Ashley Mitchell sold everything he owned and moved himself - and his job - to a tropical paradise. In Mexico, Ali Darwich has worked remotely for years with Modern Tribe. Along with Shane Pearlman, the company founder, they advise us on the benefits and risks of shifting to a distributed workforce. And finally, Michelle Lee is an office workspace designer; she hopes the post-pandemic office is more than just plexiglass and cubicles.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2020 Morgan Stanley & Co. LLC, Members SIPC.

Barren airports, anchored cruise ships, vacant hotels—it’s impossible to run a tourism business when international borders close and most of the world shelters in place. There is no doubt the pandemic has pushed the travel industry into a corner: one estimate suggests the industry will lose a trillion dollars in 2020 alone. How do you come back from that? For the time being, it feels like travelling for pleasure is a thing of the past, but the urge to leave home for a little while and explore something new is strong. And pent-up demand from locked-down, would-be tourists could flood the world again soon—but at what cost? What opportunities exist to rebuild a healthier, more sustainable industry?Host Sonari Glinton explores how travel could change. Sound designer Shawn Cole takes his family on a staycation adventure and Brian Hazelton of Winnebago tells us it’s been a record sales year. Meanwhile, Jessica Nabongo, the first Black woman to travel to every country in the world, is stuck at home, and she questions why she travels. In Barbados, Valerie Workman mourns the loss of an industry her island nation is nearly wholly dependent on, but also welcomes the break from the crowds. Traveler and writer Pico Iyer believes travel is about much more than visiting a new place—he says it’s fundamental to being human. And journalist Elizabeth Becker believes it’s time to rethink how we travel when we inevitably do so again.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

At the height of the pandemic, headlines around the world proclaimed an exodus of people from urban centers toward smaller, and possibly safer, communities. The sudden mass shift to remote work—for those who could—helped fuel this rush to more pastoral, or at least less congested, environs. Pundits immediately declared that metropolises like New York City were dead. But are city communities truly at risk of collapse? Or could this moment instead usher in a long awaited renewal for the world’s most populous places?In this inaugural episode of the Now, What's Next? podcast, host Sonari Glinton introduces us to a host of folks all grappling with their relationship to the city. Helen Lummis left San Francisco and moved to a small cabin in Soda Springs, California. Lee Peart lost his job and had to leave London. He moved back in with his parents in a tiny seaside British town. Author Kevin Baker worries that his beloved New York City is being hollowed out for reasons that aren’t Covid-related. Tiffany Smith has long witnessed thousands of black families fleeing Chicago — but she’s staying put. And amidst all this worry and uncertainty, hip hop ballerina Allison Harsh was asking herself whether moving to the ‘big city’ to jumpstart her career is worth the risk.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

On this episode of Access & Opportunity, we welcome investor Soraya Darabi. A former serial entrepreneur, Soraya is a founder and General Partner at Trail Mix Ventures, an early-stage investment firm focused on the future of living well. We are also joined by Sarah Sheehan, the co-founder and COO of Bravely, a startup that remotely connects employees with certified coaches. In 2017, Soraya and Trail Mix Ventures invested in Bravely’s seed round and the two organizations have been close partners ever since. Throughout this episode, Soraya and Sarah share how they respectively became an investor and an entrepreneur, what Soraya saw in Sarah and her company, the key steps they took during, and after “the deal,” and how they’re each adapting to the ever-changing business landscape brought by Covid-19.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

On this episode of Access and Opportunity, we welcome investor Mallun Yen, partner and founder of Operator Collective. Operator Collective is a disruptive new approach to venture capital which brings senior operating leaders from diverse backgrounds together with founders of startup companies. We also hear from one of the leaders of those startup companies, Kieran Snyder, the co-founder and CEO of Textio, an augmenting writing platform that analyzes text to find the patterns that cause some to succeed, where others fail. In this episode, Mallun and Kieran take us on a journey where we explore what it takes to build a diverse and well-rounded portfolio company, what leadership looks like during a time of crisis and why having the right tone when sharing messaging means everything. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

On this episode of Access and Opportunity we welcome investor Natalia Oberti Noguera, founder and CEO of Pipeline Angels. Pipeline is changing the face of angel investing by lowering the barriers to entry and bringing more non-traditional investors into the angel ecosystem, providing capital for more women, non-binary and femme entrepreneurs. Also joining us is the co-founder and CEO of the maternal health startup Mahmee, Melissa Hanna. As the daughter of an obstetrics nurse, Melissa grew up knowing the challenges that women, and specifically women of color, face when confronting the healthcare system. Pipeline Angels first invested in Mahmee in 2015—serving as its friends & family round—and additional members participated in Mahmee's 2019 follow-on round.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

On this episode of Access and Opportunity, we welcome investor Jesse Draper, founding partner of Halogen Ventures. With Halogen Ventures, Jesse has committed to investing in early stage consumer technology startups that have a woman as a member of the founding team. We also hear from one of those founders, Esther Crawford, the co-founder and CEO of Squad, an online platform that helps connect people all over the world through screen-sharing. Jesse and Esther take us on a journey from their very first encounter, to their individual commitments going into the deal, and to their respective shifts in priorities during COVID-19. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

Welcome to Access and Opportunity, Season 6. This season, we are looking at the relationships behind the deal. We'll be talking to women venture capitalists who are working to change the funding landscape and a founder of one of their portfolio companies. In this episode, we welcome venture capitalist Kesha Cash, who has spent nearly a decade focused on impact investing. Currently, Kesha serves as the Founder and General Partner of Impact America Fund, the largest black-women-led impact VC firm in the U.S., and a fund that invests with a racial equity lens. We also welcome Diishan Imira, Founder and CEO of Mayvenn, the technology platform that not only provides high-quality beauty products, but that also empowers beauty professionals to grow their business, while providing their clients with exceptional customer support.Kesha and Impact America Fund first invested in Mayvenn back in 2014. Since then, Mayvenn has become the fund's largest investment. Kesha and Diishan share with us the importance of investing in the black small-business community, the ways in which they've managed to build a healthy relationship as entrepreneur and investor, and the strategic decisions that guided them through the unexpected impacts of the COVID-19 pandemic. Come on and join us for the ride.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

Welcome back for Season 6 of Access & Opportunity! We're staying focused on the challenges faced by women and multicultural-led businesses in accessing capital, and the overlooked opportunities they represent for investors. But this season Carla is looking at the issue through the lens of six successful relationships. In each episode we'll talk, together, with a woman investor who is working to change the funding landscape and the leader of one of her portfolio companies. These relationships will offer new perspectives (and playbook points!) on how to make the entire investment ecosystem more inclusive. Stay tuned for Episode 1.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

Welcome back to Access & Opportunity. In these unprecedented times of COVID-19, we're checking in with some of our favorite guests from previous seasons to understand how they're adjusting their schedules, their businesses, their outlook, and their investing styles. In this episode, Carla welcomes back Hope Knight, President and CEO of the Greater Jamaica Development Corporation and a member of the New York City Planning Commission.Ms. Knight was the inaugural guest on Access & Opportunity almost two years ago. We wanted to see how, despite the current circumstances, she continues to nurture opportunities for businesses in the Jamaica neighborhood of Queens, in New York City. We discuss how she's supporting her partner businesses and tenants, how she's managing the challenges of remote leadership, and her hopes for a relatively rapid recovery.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

Welcome back to Access & Opportunity. In these unprecedented times of COVID-19, we're checking in with some of our favorite guests from previous seasons to understand how they're adjusting their schedules, their businesses, their outlook, and their investing styles. In this episode, Carla welcomes back Dr. Freda Kapor Klein, Founding Partner at Kapor Capital and founder and co-chair of the Kapor Center for Social Impact.Dr. Kapor Klein appeared in season one and in season three, so we wanted to see how, despite the current circumstances, she continues to create opportunities for underserved communities and to close the gap in the venture funding landscape. We discuss how she's thinking about new investments, how she sees the challenges and the silver linings that many startup businesses are facing in the time of COVID-19, and specifically, how it's affecting early-stage companies, the investing community, and the VC community.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2020 Morgan Stanley & Co. LLC, Members SIPC.

This season we’re speaking with entrepreneurs who have successfully scaled and sold their companies with a particular focus on the exit. In the Season 4 finale we hear from someone who has experienced a wide variety of exit scenarios, Henrique Dubugras. Henrique is the co-CEO of Brex - a fintech startup valued at over two billion dollars. But Henrique’s entrepreneurial journey started while programming video games when he was a preteen living in Brazil. And while Henrique is still in his early 20s, he’s already started five companies and has so much to share with us. In this episode we make sure to dive into his decision making processes at several key moments of his entrepreneurial experience. Thank you all for joining us for another exciting season of Access and Opportunity. While we work on Season 5, check out more of our content on the Morgan Stanley Inclusive Innovation and Opportunity page. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC, Members SIPC

Host Carla Harris talks with Jewel Burks Solomon, the founder of Partpic, a startup designed to streamline the purchase of maintenance and repair parts using computer vision. In 2016 Jewel sold her company to Amazon for an undisclosed amount. But as you’ll hear, Jewel’s exit experience was far from a walk in the park. Jewel tells us why she left Silicon Valley to start a company in Atlanta, how she navigated the investing landscape, and what hindsight has taught her. Jewel’s candid explanation of the troubles she faced provide a valuable insight into the less-discussed downsides of the entrepreneur’s journey.You won’t want to miss this one. Come on and join us for the ride.Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC, Members SIPC.

This season, we’re speaking with entrepreneurs who have successfully scaled and sold their companies with a particular focus on their exits. In this episode we sit down with Bob Johnson, the groundbreaking entrepreneur and founder of Black Entertainment Television (BET). In the late 1970s, Bob Johnson came up with what some might say was a radical idea - programming by and for African Americans. And so BET was born. Twenty years later, Bob Johnson sold the company to Viacom for almost four billion dollars, making him one of the wealthiest African Americans in the country.We sit down for a candid conversation with Bob about how he built the company, the importance of finding investors who shared his values, and why he finally sold BET. Along the way, Bob offers some important playbook points regarding team-building and self-confidence. Finally, Bob leaves us with an analysis of the current investment landscape and provides suggestions for how underrepresented entrepreneurs can overcome obstacles that stand between them and their pursuit of capital.Come on and join us for the ride.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC, Members SIPC.

This season on Access & Opportunity, we’re speaking with entrepreneurs who have successfully scaled and sold their companies with a particular focus on their exits. In this episode, we’re joined by Juanita Lott, the founder of the enterprise security firm Bridgestream, Inc. Juanita isn’t your typical tech entrepreneur. She didn’t study computer science, she isn’t an engineer, but that doesn’t mean she couldn’t start, scale and sell a company for millions of dollars. Through hard work, late nights and a keen sense of business, Juanita navigated her way through the post-dot com era before selling Bridgestream to Oracle for a reported $30 million.Today, Juanita tells shares with us how founders can strategically position themselves to retain control of their companies and outlines a few of the unique challenges people of color face when considering an exit. Finally, Juanita offers advice and encouragement to other non-traditional entrepreneurs who are considering starting their own company. The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC, Members SIPC.

This season on the Access & Opportunity podcast we’re speaking with entrepreneurs who have successfully scaled and sold their companies with a particular focus on the exit. This episode we are excited to talk to Dug Song, the cofounder of Duo Security.While working for several other companies in the oughts, Dug noticed that the existing computer security firms were focusing on profits over customers. He set out to fix that with Duo Security. In seven years, the Michigan-based company grew to over 700 employees by staying true to their mission of building easy, effective, trustworthy, and enduring products before being acquired by Cisco for a reported $2.35 billion.In this episode we talk with Dug about how he ended up working in tech security, the importance of finding leaders to learn from, and why he eventually sold his company. Along the way we’ll hear about his passion for skateboarding, discover the one question he asks every new hire, and discuss how entrepreneurs can operate from a position of power when taking on investors.Come and join us for the ride. The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2019 Morgan Stanley & Co. LLC, Members SIPC.

Welcome to season four of Access & Opportunity. Over the course of the season, we’ll be speaking with entrepreneurs who have successfully scaled and sold their companies, with a particular focus on the exit. In this first episode we talk to Lisa Price, the founder of one of the nation’s largest multicultural beauty brands, Carol’s Daughter.In the late 1980s, Lisa was working in the television industry by day and formulating lotions and balms by night. After 35 years of building her brand, Lisa sold her company to the world’s largest cosmetic company, L’Oreal. We take you on Lisa’s journey to entrepreneurship, the challenges she faced as she scaled her business, how she found investors, and how she managed to successfully exit. We explore the challenges she faced as a woman of color and the backlash she received when she ultimately sold her company. And finally, we discuss how her story is helping to change the narrative of wealth and success in underrepresented communities.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2019 Morgan Stanley & Co. LLC, Members SIPC.

Welcome back to Access & Opportunity, a podcast from Morgan Stanley dedicated to connecting capital and communities. I’m Carla Harris. In just a few weeks, we’ll be back for Season 4 and we’re excited to continue exploring the extraordinary commercial opportunity investors often overlook - investing in women and multiculturally-led businesses. In our upcoming season we’ll be speaking with entrepreneurs who successfully scaled and sold their companies. We’ll focus not only on how they got there, but how they got out - and what they wish they had known beforehand.And for this season, we’re asking for your help. As we speak to these entrepreneurs who have all sold their companies to large corporations, we’ll be asking them listener-submitted questions. So, if you’re interested in how these prosperous founders built their networks, how they managed to secure that initial investor, or how they navigated their way to success, please leave us a voicemail at 3 - 3 - 0 - 8 - ACCESS (222377). That’s 3-3-0-8-2-2-2-3-7-7. Alternatively, feel free to write us an email with your question at carlapod@morganstanley.com. If you’re lucky, you might just hear your question in an episode of the upcoming fourth season of Access & Opportunity!The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC, Members SIPC.

Silicon Valley venture firm Kapor Capital recently released its annual Impact Report, which clearly demonstrates that they have not sacrificed returns when investing in women- and multiculturally-led businesses. In this episode of Access & Opportunity, we welcome back Dr. Freada Kapor Klein, a founding partner at Kapor Capital and founder and co-chair of the Kapor Center for Social Impact. Dr. Kapor Klein talks to us about that report, about the principles that guide Kapor Capital's investment strategy, how a focus on skills instead of pedigrees can be both inclusive and effective, and how a new approach to venture capital might help change the capital-access divide. This is the final episode of our third season of Access & Opportunity, where we have been exploring how influential investors, from across various pools of capital, are helping women- and multiculturally-led businesses gain access to capital. After you’ve listened, and while we work on Season 4, check out more of our content on the Morgan Stanley Inclusive Innovation and Opportunity page:https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2019 Morgan Stanley & Co. LLC, Members SIPC.

Welcome back to Season 3 of the Access & Opportunity Podcast. This season we are exploring how influential investors from across various pools of capital are helping women- and multicultural-led businesses gain access to capital. In this episode, we speak with Charles Hudson, founder and Managing Partner at Precursor Ventures, a seed-stage venture capital firm that was built on that belief that all entrepreneurs, regardless of background, benefit from having an institutional investor to help them scale and grow their company from the very beginning. Charles talks to us about how his experiences as an entrepreneur have shaped his perspective as an investor, why he focuses on pre-seed companies, and how the entire investing landscape needs to change to better incorporate women and people of color at every level.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2019 Morgan Stanley & Co. LLC, Members SIPC.

Welcome back for Season 3 of Access and Opportunity. This season, we're exploring how influential investors from across various pools of capital are helping women and multicultural-led businesses gain access to capital. In this episode we'll be talking to the leader of one of the largest black-owned private equity firms in America, JoAnn Price. Twenty-five years ago JoAnn Price created Fairview Capital with her co-founder Larry Morse. As managing partner of Fairview Capital, she has devoted her career to creating opportunities that successfully intermediate capital between institutional investors and underserved markets. Today, JoAnn will talk to us about how and why she started Fairview, the principles the firm is founded on, why diversity in the investment landscape matters, and how other people can follow in her footsteps to increase the amount of capital available to underrepresented groups. The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2019 Morgan Stanley & Co. LLC, Members SIPC.

This year marks the 50th anniversary of the Apollo 11 Moon Landing. In 1969, Neil Armstrong’s first steps inspired advancements that led to everything from modern kitchen appliances to the Internet. But 50 years later, space exploration isn’t limited to government-funded missions, launches, and astronauts. Now, private companies are leading today’s “space race” and will help us enter a new era of growth—with satellites. In our season finale, we look toward the stars to see how the satellites of the future could help improve life here on Earth. We start in Washington State with Chris and Libie Cain, a husband and wife fishing team, whose albacore tuna business is strained by illegal fishing practices — one of the many problems that may soon be solved by satellites. Then, we talk to Mike Safyan, the V.P. of Launch at Planet Labs, a start-up that’s revolutionizing how satellites scan the Earth. Planet currently has over 150 satellites capturing data that it licenses to scientists and industry leaders who want the latest information on everything from forest fires to fish migratory patterns. David Kroodsma, an environmental data scientist with Global Fishing Watch, is one of the beneficiaries of the satellite data. He explains how satellite technology can help prescribe preventative medicine for the seas ​and h​elp people like the Cains, who rely on the economy of the ocean. Morgan Stanley Managing Director of Equity Research Adam Jonas tells us that satellites may soon disrupt the economy of data, shifting information away from some of the largest tech companies in the world to some of the smallest. Along the way, he helps us understand why we should all be excited about the new focus on the humble satellite, and what a booming New Space Economy will mean for Planet Earth. The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Welcome back for Season 3 of Access and Opportunity. This season, we're exploring how influential investors from across various pools of capital are helping women and multicultural-led businesses gain access to capital. In this episode, we’re talking to Monika Mantilla, a champion for emerging managers and a leader in the Hispanic business and finance communities.As President and CEO of Altura Capital, Ms. Mantilla has played an important role in connecting institutional investors with emerging managers from diverse backgrounds. She is also co-founder and CEO of Small Business Community Capital, an investment fund that helps businesses deliver opportunities for societal transformation. Monika talks to us about how she got her start in finance, why there is a dearth of money managers of color, how she sought to remedy that problem with Altura, and how her work with Small Business Community Capital is enacting social change through impactful investments. Come and join us for the ride!The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC, Members SIPC.

Welcome back for Season 3 of Access and Opportunity. This season, we're exploring how influential investors from across various pools of capital are helping women and multicultural-led businesses to gain access to capital. On today's episode we are talking to Dr. Paul Judge, an entrepreneur and investor who is raising the city of Atlanta's profile as a technology hub by investing in multicultural start-ups. In addition to being the serial entrepreneur who started hyper-successful tech companies like Purewire, Luma Home and Pindrop, Dr. Paul Judge is the co-founder of Tech Square Labs, a seed-stage venture fund that has a strong history of investing in entrepreneurs of color. Tech Square Labs finds companies in early development and provides them with the capital and the mentorship that they need to succeed. Today, Paul talks to us about how his success as an entrepreneur has impacted his lens on investing, the importance of seeking the best talent from diverse backgrounds, and what he thinks the investment landscape will look like in the near future.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC, Members SIPC.

The summer bestseller you read on the way to work, a flower delivery for your sister’s birthday, dinner made fresh from your weekly meal kit— today you can have every part of your day ordered online and delivered to you without ever leaving your home. But what about your favorite shop around the corner or even the malls of your childhood? With the growing convenience and efficiency of online shopping come questions about the future of traditional retail. Are brick-and-mortar stores fated to crumble under the weight of the e-commerce boom? Or will online and traditional stores find ways to coexist?On this episode of the Ideas Podcast, we’re going to one place where the future of retail is already in full swing: Tokyo. Akira Ito, CEO of Itoya, takes us on a tour of the stationery company’s 115 year-old flagship location. As we explore Itoya’s twelve-story playground of paper, we learn how Japan’s oldest stationery company has continued to thrive by curating experiences that keep customers shopping in their store. Then, Masahiro Ito, an executive director at ZOZO, Japan’s largest online apparel retailer, brings us into a future where that personalized, face-to-face shopping experience will be replicated on the Internet. And we visit Topdrawer, a store in Brookline, Massachusetts, where the best of both worlds has made its way into the American retail experience. Along the way, Morgan Stanley’s Managing Director of Retail Research, Kimberly Greenberger, highlights the power of the shopper’s rising expectations in shaping the future of retail.The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Welcome back to Access & Opportunity! We are excited to be back for another season to talk about the extraordinary commercial opportunity that exists when investing in women and multicultural-led businesses. For our third season, we are exploring how influential investors from across various pools of capital are bridging the gap to ensure women and multicultural-led businesses have access to the capital they need to grow. For our listeners who may not be as familiar with the investing landscape, this episode will highlight and give some context for a few of the terms that you’ll hear this season. For those of you who are already well versed, feel free to jump ahead and start the season!The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC, Members SIPC.

Welcome back for Season 3 of Access & Opportunity. This season, we're exploring how influential investors from across various pools of capital are helping women and multicultural-led businesses to gain access to capital. In this first episode of the season, we sit down with Jenny Abramson, the founder and managing partner of Rethink Impact, a venture capital firm that invests in female leaders who are using technology to solve the world's biggest problems. Jenny and her partners launched Rethink in 2015 specifically to help women entrepreneurs and other diverse company founders obtain equitable access to capital.Jenny offers us strategic advice on how we can work to increase the number of women and people of color receiving investment capital. We also consider how recent changes in the funding landscape have opened up opportunities and where additional improvements can be made to even out the distribution of capital to women and multicultural entrepreneurs.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC, Members SIPC.

In the future, we’ll all still need a place to live. But as rents continue to rise and the housing market changes, we might need to adjust our vision of home. Instead of living in a tiny, expensive apartment or funneling our savings into a down payment for a single-family home, we might choose to live together for the sake of space, money, and, above all else, community. This type of housing model, known as co-living, has existed throughout history, but new iterations of co-living are becoming real housing options for all different types of people across the globe. In this episode of ​Ideas, ​we’re going to explore different versions of co-living to understand why it might help solve some of the housing market’s greatest challenges.We’ll start in London at The Collective: Old Oak, the world’s largest co-living complex, where young, mobile workforce is learning “how to have it all”—community, leisure, and an apartment in one of the world’s most expensive cities—by trading in personal space for communal luxuries. But, as history has shown, communal living isn’t just limited to one demographic. We’ll also travel to Portland, Oregon, for a tour of PDX Commons, a co-housing community for 55-year-olds and older, to see how some members of the Baby Boomer generation will participate in the housing market of the future and, simultaneously, combat some of the stigma attached to aging. Finally, we’ll make our last stop in Copenhagen, Denmark, where Almenr, a startup that matches co-living tenants with financial advisors, architects, and designers, is helping niche communities create the co-living spaces of their dreams. Along the way, we’ll hear from Richard Hill, the head of commercial real estate research a Morgan Stanley. He’ll explain some of the fundamental changes in the traditional housing market, the challenges within the current market, and why co-living might be a viable housing solution for all.The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Have you ever tasted a habanada pepper? An upstate abundance potato? A Robin’s Koginut squash? These new vegetable breeds, all created by Row Seven Seed Company, are bursting with new flavors that come straight from the earth. But what about those wasabi seaweed snacks? Or something like beer chips? Or crazy ice cream flavors that seem to come from natural sources but are most-likely made in a lab? The flavor industry is worth billions of dollars, but with new technology, our changing environment, globalization, and a better understanding of how to invent new types of food, the future of flavor is being pulled in two very different directions. As different players the food industry invent new flavors, consumers will have to make new choices about what flavors they want: flavors from the farm or the lab.In this episode of the Ideas podcast, we explore these two different locations to understand the future of the flavor industry. First, we travel to the Fingerlakes region in upstate New York, where we’ll tag along with Michael Mazourek, a plant breeder and co-founder of Row Seven Seed, as he delivers his produce and spreads Row Seven’s mission: to change our agricultural system by breeding for flavor. We then head to a lab across the country in Portland, Oregon, where we’ll meet Sarah Masoni, a flavor designer with a “million dollar palate.” There, Sarah will tell us why the future of flavor isn’t as subjective as we might think. And, finally, we’ll hear from Vincent Sinisi, a food retail analyst at Morgan Stanley, about how both consumers and food retailers are creating new opportunities for both farm and lab-made flavors to appear on your supermarket shelves.The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

As you walk down the street, sit in your office, or even make yourself a cup of coffee, take a look around and consider what everything is made of. ​More often than not, the answer will be: plastic. Our world is made of plastic. It’s one of the most affordable, versatile and indestructible materials we have. But the very properties that make plastic perfect for so much have also made it problematic. Most of that plastic is still here, and it will be for hundreds of years. But in the future, we might be able to replace the plastic we’ve come to rely on with a plant-based material that holds all the promise of plastic, without the environmental costs. We're talking about something called "bioplastics."In this episode of the Ideas podcast, we take you to a laboratory in England to see these bioplastics in action. First, Vincent Andrews, Chemicals and Agriculture Equity Research Analyst at Morgan Stanley helps us understand how traditional plastic has become an integral part of both the economy and our daily lives. Next, Cole Rosengren, Senior Editor of ​Waste Dive ​explains how a little-known international policy has thwarted our the recycling system as we know it. We then sit down with David Rachelson, the Vice President of Sustainability at Rubicon Global, a startup that connects plastics producers, consumers, haulers and cities to tackle some of the inefficiencies of the current recycling model. Finally, we travel to a laboratory in Southampton, where we meet Paul Mines, the CEO of Biome Technologies, a company that is using materials such as cornstarch, potatoes and algae to create a sustainable, compostable plastic of the future. The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

You many have imagined a future of transit where we all blast off to work strapped into personal jetpacks or shuttle our kids to and from school in flying cars. But the future is now, and the innovative transportation systems of today are surprising in their own right. The best among them are reimagining infrastructure design and project funding to get people moving across town and around the globe. In this second episode of the new season of the Ideas podcast, we head to a place where the future of transportation is already in motion: Dar es Salaam, Tanzania. There, we ride a DART bus, one of the most advanced bus rapid transit systems in the world. Steven Higashide, Director of Research for TransitCenter, helps us understand the road blocks between U.S. cities and better public transit, and we learn from Sarah Kaufman, of the Rudin Center Transportation at NYU, about ways to move beyond ride sharing and fill the gaps that existing transportation can’t cover. Finally, Michael Zezas, Managing Director and Chief US Public Policy & Municipal Strategist at Morgan Stanley, helps us imagine a future of interconnected services—autonomous vehicles linking riders to mass transit on rails and roads—that respond creatively to the city’s existing infrastructure challenges.The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.Morgan Stanley and its affiliates do not currently offer the services provided by Umbrella or Score, which are not affiliates of the Firm. Morgan Stanley has not conducted a review or diligence of these companies. This should not be considered to be a solicitation or endorsement by the Firm of Umbrella or Score or their services.© 2019 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Rummaging through your pockets in search of change and crumpled bills to pay for your morning coffee may still feel routine, but in some parts of the world, this familiar scene is just a memory. The cashless economy is already starting to take shape, and as we continue to create innovative ways to exchange money without pulling out our wallets, cash might become a thing of the past. And while some countries struggle with questions of fairness and inclusivity as governments and businesses forgo cash, others have already stepped into a cashless future where digital transactions are the only way to pay.In this episode of the Ideas podcast, we travel to Sweden, a country where cash makes up just one percent of the entire economy. First, we hear from Charlie Warzel, a senior technology reporter at Buzzfeed News, who literally puts skin in the cashless game while on a trip to Stockholm and receives an RFID chip implant that allows him to pay for anything with his hand. We also follow Swedish journalist, Asa Secher, as she navigates her daily routine in a society that has already embraced a nearly-cashless economy. Next, we go to Lisa Servon, the chair of the City and Regional Planning Department at the University of Pennsylvania, to understand the potential impacts of going cashless here in the U.S.: who wins, who loses, and who gets left behind. And James Faucette, leader of Morgan Stanley’s Payments and US Comm Systems research efforts, explains what it takes for a country to go cashless, and how such a dramatic shift will affect more than just our bank accounts.The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. Certain guest speakers may be neither employees nor affiliated with Morgan Stanley Smith Barney LLC or its affiliates (“Morgan Stanley”). The views and opinions expressed herein by non-affiliated speakers do not necessarily reflect those of Morgan Stanley. The information and figures contained herein may have been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. The content of this podcast is solely for informational purposes and based on information available when created. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2019 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

“I’ve always been a voracious learner,” says James Rhee, Chairman and CEO of Ashley Stewart and the Founder of FirePine Group. James Rhee may be a surprising CEO of a company whose core clientele are plus-sized women of color, but Rhee sees his mother and a greater humanity in the Ashley Stewart brand. As a child of Korean immigrant parents, Rhee attributes much of his success to his drive to evolve, transform, and adapt. It’s also how he developed his career from high school teacher to lawyer to institutional investor to successful corporate CEO. These experiences may seem unconnected, but for Rhee, his path has helped him see potential where others have not. When Ashley Stewart was twice near bankruptcy, Rhee saw an opportunity and a responsibility where others did not. Within a few years, the struggling plus-size women’s retail company has earned a powerful voice in retail, and made inroads into technology and media. He attributes the accomplishment not just to strategy or marketing, but to something far more valuable: math and kindness. Listening and empathy, and ultimately advocacy, he says, is how you lead and lift others along. But that’s just the beginning. For Rhee, entrepreneurship isn’t about making money. “I am an entrepreneur in life,” says Rhee. In this episode of Access & Opportunity, Carla Harris speaks to Rhee about how he transforms businesses and people, the intersection between social good and commercial success, and most importantly, how entrepreneurship is really a frame of mind. DRAFT DISCLAIMER TEXT ONLYThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

Walker & Company’s CEO Tristan knows a thing or two about making the cut. Born in South Jamaica, Queens, Walker rose through the ranks, achieving success at influential startups like Foursquare and Twitter, and companies like Andreessen Horowitz and The Boston Consulting Group. He’s also made top lists such as USA Today’s Person of the Year in 2014 and Fortune Magazine's 40 Under 40 in 2017. But it wasn’t always this way. “The minute I started hearing ‘no’ I knew I was onto something very special,” says Walker. At first, investors balked at his Bevel Shave System, which uses a single safety blade razor to give people with coarse or curly hair a flawless shave. Yet, he knew his innovative product was going to change lives because Bevel changed the lives of other people of color around him. Once celebrities and investors such as Magic Johnson and John Legend saw his massive potential, Walker grew his company to new heights and his product now reaches thousands of people across the country. In this episode of Access & Opportunity, Carla Harris speaks to Walker about his path to success and how his technology is transforming the beauty and care industry DRAFT DISCLAIMER TEXT ONLYThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

“We have to think about how to move forward and how to create a better future for food,” says Julia Collins, co-founder of Zume, a technology-enabled food company with a mission to make healthy food fast and accessible.Founded in May 2016, Zume grew from a workforce of three people to over 150. In that time, Collins has closed on nearly half a billion dollars of investment capital, a true feat for a multicultural founder. This isn’t the first time Julia has launched an incredible business, and it won’t be her last. After a career in hospitality, from Danny Meyers Union Square Hospitality Group to Murray’s Cheese, Julia went out on her own to start Mexicue and Zume. Her strategy? Deliver healthy, delicious food faster than anyone else. In this episode of Access & Opportunity, Carla Harris talks with Collins about how she’s disrupting the food and restaurant industry. Whether by considering how to solve world hunger or how to leverage automation to improve the quality of human lives, Julia will teach us how she used her experience to help make change. The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

After selling her first company at the age of 27, Rose Wang went on to found four other companies, pioneering ideas in technology and government. By 2013, she was one of Fortune Magazine’s ‘Most Powerful Women Entrepreneurs.’ Today, she’s the founder and strategic advisor of The Binary Group and a thought leader, paving the way in Washington D.C.’s small business and government markets. She sits down with Carla Harris on this episode of Access and Opportunity.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

Nely Galan is the definition of self-made. She began her career selling Avon to her friends at age 13 and became the first Latina president of entertainment for the television network Telemundo. She's also an Emmy Award winning producer of over 700 episodes of television in Spanish and English, including the Fox hit reality series The Swan. On top of her TV successes, she's a real estate powerhouse, a Doctor of Clinical Psychology, a serial entrepreneur and a New York Times best-selling author.In this episode of Access and Opportunity, Carla Harris sits down with Ms. Galan to discuss how she made a name for herself in media among industry titans and became a media mogul in her own right, and where she learned her most valuable lessons including how to find your niche in the business world.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

“If you connect the right people with the dollars, great things can happen.” Neville Rhone, Co-Founder and Managing Partner of Arc Capital Partners, talks about seeing beyond inherent bias while assessing investment decisions. His tip for other entrepreneurs: put in the time to learn the market and build relationships on the ground.Rhone is the first guest for the second season of the Access & Opportunity podcast with Carla Harris. In season one, we spoke with entrepreneurs, investors, and developers about how and why multicultural and women-owned businesses are overlooked as viable investment opportunities. In this new season, Carla is shifting the spotlight to focus on entrepreneurs. Rhone takes us through his journey to co-founding Arc Capital Partners and what he’s doing to create opportunity in diverse neighborhoods today.Back with playbook points and engaging stories, Carla’s guests in season two share their experiences and advice on how to connect capital and communities. For Neville Rhone the question has been, how does an investor identify untapped potential in the world of real estate, especially in demographically diverse areas? Leading the charge at Arc, Rhone and his partner focus on investing in undervalued and underutilized properties to revitalize diverse neighborhoods. From downtown Austin, Texas, to Chapman Plaza in Koreatown, Los Angeles, Rhone shares his experience transitioning into entrepreneurship and why urban communities and inclusive investments are the future of real estate.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

Season four of the Ideas Podcast will be starting soon, but in the meantime, we’re kicking things off with a bonus episode in honor of Climate Week NYC: an annual summit where scientists, government officials, and CEOs come together to showcase innovations, programs, and policies that are leading the fight against climate change. But for many key players in today’s financial world, the future of climate action isn’t relegated to one week. At Morgan Stanley, there is a whole team of researchers and financial analysts dedicated to helping investors and consumers make environmentally-sustainable, lucrative financial decisions. In this bonus episode, we sit down for an exclusive interview with Jessica Alsford, Managing Director and the head of Morgan Stanley’s Sustainability Research team. Alsford reveals how environmental, social and governance factors -- or ESG -- impact the way businesses in every sector are thinking about the future of investing. But these aren’t just concerns for investors. Alsford explains why purchasing everything from a t-shirt to a tomato means climate change is not just an ESG issue, but an everybody issue.DISCLAIMERThe host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.Morgan Stanley and its affiliates do not currently offer the services provided by Umbrella or Score, which are not affiliates of the Firm. Morgan Stanley has not conducted a review or diligence of these companies. This should not be considered to be a solicitation or endorsement by the Firm of Umbrella or Score or their services.© 2018 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

“Most people in the Silicon Valley tech ecosystem… believe that institutions are meritocracies,” says Freada Kapor Klein, a founding partner of Kapor Capital. “If you believe that self-serving nonsense then you believe that if there's no diversity in your circles, it's because whoever's outside isn't good enough, and it's an incredibly dangerous and inaccurate belief system.” In the season 1 finale of the Access & Opportunity podcast, Carla Harris talks to Kapor Klein about how her Oakland-based venture capital firm, which she co-founded with her husband, the computer visionary Mitchell Kapor, is breaking down the investment barriers for startups run by women and multicultural entrepreneurs. To date, 56% of Kapor Capital’s investments have gone to startups with a founder who is a woman or a person of color from an underrepresented background. “We’re often the first money in, and our investment has signaling value—that we believe in this entrepreneur, in this business model, and we’re going to help them succeed,” says Kapor Klein.Taking it a step further, Kapor Capital has also invested in startups with a social justice angle that look to help underserved communities. One such venture—Pigeonly—helps families find affordable ways to keep in touch with incarcerated relatives. It’s all part of Kapor Klein’s evolving approach “to both identify leaks in the pipeline and to plug them.” The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

“If you want to improve your communities, you improve conditions for women,” says Theia Smith, founding executive director of the City of Atlanta Women's Entrepreneurship Initiative, which provides office space, mentorship, educational resources and access to capital to start-up companies owned by women. The initiative, begun in May 2016, graduated its first class of entrepreneurs in 2017 and now hosts a new cohort of 15 women. Over fifteen months, they will work together in the Flatiron Building in downtown Atlanta, growing their businesses while they learn from one another and outside experts. “Isolation is the enemy of entrepreneurs,” notes Smith, who herself is a recent graduate of Leadership Atlanta, a nine-month executive-level training and development program. In this episode of Access & Opportunity, Carla Harris talks with Smith about the model that the Atlanta Women’s Entrepreneurship Initiative has established for empowering women-owned businesses and how that model could be replicated in other cities. A key element of the Atlanta program is its diversity: the women in the incubator are as racially and socioeconomically diverse as the city where they live, and they range in age from their early 20s to late 50s. “We know the talent is equal,” says Smith. “It's the opportunities that are not.”The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

The Super Bowl, the NCAA Final Four, concerts by Taylor Swift, Jay Z and Beyonce — the roster of events past and future at the new U.S. Bank Stadium makes it far more than a home-field advantage for the Minnesota Vikings.But fans who flock there probably don’t know that the stadium, which opened in 2016, was the largest public-private construction project in Minnesota’s history. Nor do they know that Kevin Warren, the Chief Operating Officer of the Minnesota Vikings, led the effort which set important precedent for how major public works projects can be completed both on time and on budget. For Warren, beyond all the headliners, the stadium has proven transformative for the local community, where offices, hotels, apartment buildings, restaurants and retail have all sprung up around the complex — bringing jobs and widespread economic gains. “I try to create opportunities that are one-plus-one-equals-eighty-five,” says Warren, explaining that he believes his role at the Vikings is to act as a “change agent.”In this episode of Access & Opportunity, Carla Harris talks with Warren about the role that the U.S. Bank Stadium project has played in bringing an influx of jobs to the Minneapolis/St. Paul area and how the affiliated Viking's Tech Accelerator is committed to giving young entrepreneurs opportunities to learn and grow.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

“I want everybody to have an opportunity to sit at the economic table,” says Marc Morial, President and Chief Executive Officer of the National Urban League, the largest and oldest civil rights organization in the country. Morial, who previously served as Mayor of New Orleans, notes that while entrepreneurs from underrepresented groups have boundless talent and drive, they don’t always have access to the right connections to open doors.Studies by the Department of Commerce show that women- and minority-owned businesses in the U.S. have growth rates that beat the Standard & Poor’s 500, the general benchmark of the American market. So why are investors so tentative to finance them?In this episode of Access & Opportunity, Carla Harris talks with Morial about common misconceptions around the risks of investing in women and multiculturally-owned businesses, and some of the hurdles they face as a result. In discussing how the National Urban League — together with partners like the National Development Council and Morgan Stanley — is breaking down the barriers of access to capital and helping fund incredible entrepreneurs, Morial sheds light on some of the easy fixes that governments, investors and nonprofits can make to open up access to all. The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC

The word “sports” may conjure images of athletes barreling down a football field or burying a three-pointer, but the latest stadium-rousing athletes rarely if ever have to leave their chairs. Welcome to the world of professional video-gaming, or eSports. Around the world, eSports is looking more and more like any big-league sport, complete with sponsorships, merchandising, and arenas full of fans. And now, eSports is on track to become a multibillion-dollar industry.In this episode of the Ideas Podcast, we explore how a hobby that may not seem like a “real sport” became a very real market. Jacob Wolf, an ESPN journalist, helps us understand why eSports playoffs are topping the attendance to MLB and NHL games. Then, Brian Nowak, a Managing Director at Morgan Stanley, explains how that popularity launched an entire market that may one day include dedicated eSports arenas, fantasy eSports leagues, and team jerseys made of pixels. And along the way, some eSports superfans invite us to a watch-party to feel the rush of a brand new sports experience.The host Ashley Milne-Tyte is an employee of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this podcast may not be suitable for all investors. Morgan Stanley recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.This podcast may contain forward-looking statements and there can be no guarantee that they will come to pass. Past performance is not a guarantee of future performance.© 2018 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Urban development projects revive communities by bringing an influx of new jobs to areas in need, supporting crucial infrastructure projects and establishing a sense of community. But these remarkable developments take years to get off the ground and face significant logistical hurdles. Is there a solution to overcoming the perceived costs and risks of taking on such projects?In this episode of Access & Opportunity, Carla Harris talks with Hope Knight, President & CEO of the Greater Jamaica Development Corporation about how strategic partnerships can turn dream urban development projects into reality. Strategic partnerships bring public, private and nonprofit organizations together to promote change and to diminish the burdens traditionally associated with such projects. Hope walks us through the key steps of a successful strategic partnership in an urban and economic development project and shows us how these partnerships help communities, investors and entrepreneurs alike. The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

After long careers and years of saving, many of today’s retirees have decided not to set sail on an exotic cruise or spend their days on the golf course. They’re changing what it means to retire by re-entering the workforce—and creating an entirely new market in the process.In this episode of the Ideas podcast, we look at the tech startups, nonprofits, and even the baby boomers themselves who are shaping the newly retired market. Steve Records, the Vice President of Field Operations at SCORE, explains how connecting young entrepreneurs with retired mentees has shown him that 70 is the new 40. Dan Hunt, Managing Director and Senior Investment Strategist at Morgan Stanley Wealth Management, explains how shifts in financial planning are changing the way we see retirement. And Sam Gerstenzang, the co-founder of Umbrella, a company that hires recent-retirees to help older seniors with odd jobs, introduces us to two of his clients: Cathy and Yariv, who embody why this market has the power to bring both younger and older generations unprecedented joy.We’ll be taking a break for next week’s holiday, but we’ll be back soon with our season finale of the Morgan Stanley Ideas Podcast.DISCLAIMERThe host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.Morgan Stanley and its affiliates do not currently offer the services provided by Umbrella or Score, which are not affiliates of the Firm. Morgan Stanley has not conducted a review or diligence of these companies. This should not be considered to be a solicitation or endorsement by the Firm of Umbrella or Score or their services.© 2018 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.CRC 2163452 6/2018

The path of a multicultural entrepreneur can be winding and frustrating, filled with challenges and barriers. How do you break away from the pack, distinguish your company, and get noticed by investors? From potions in Liberia and Sierra Leone, to soaps on the corner of 125th Street in Harlem, to beauty products in every name-brand store, Sundial Brands may have the answer.In the inaugural episode of Access & Opportunity, Carla Harris talks with Richelieu Dennis, the co-founder and CEO of Sundial, about how he turned his grandmother’s traditional health and beauty recipes into a small community that grew into a multimillion-dollar beauty brand. Richelieu shares crucial advice for young entrepreneurs and discusses how he and Sundial are committed to giving back to communities by creating funding opportunities for, and partnerships with, women and multiculturally owned businesses that need it most.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

For the past 40 years, Major League Baseball’s off-season has been dominated by a frenzied bidding war to sign available free agents. But this year, everything changed—the free-agent market froze. For months, almost none of the 200 free agents were signed. So what happened? And what does the market shift mean for the future of America’s pastime?This season on the Ideas Podcast, we’ve been exploring unexpected markets. In this episode, we’ll look at what happens when a seemingly healthy market unexpectedly collapses. We talk to Ben Reiter, a journalist at Sports Illustrated who made a crazy prediction in 2014—that the Houston Astros, the then-worst team in baseball, would win the 2017 World Series. That Ben’s call came true wasn’t just a fluke—but reflected how teams now approach hiring players, particularly free agents. Then, J.C. Bradbury, a professor at Kennesaw State University in Georgia, takes us deep into the economics of baseball to explain why it suddenly has become good business to field a losing team. And Lou Pirenc, the Global Head of Research Data at Morgan Stanley, tells us about how baseball’s longstanding obsession with player statistics, and more recent expansion of data analysis into every aspect of the game as a business, has enthusiastic adherents and practitioners in every corner of the global market. For more, visit: https://morganstanley.com/podcast The host Ashley Milne-Tyte is an employee of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this podcast may not be suitable for all investors. Morgan Stanley recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.This podcast may contain forward-looking statements and there can be no guarantee that they will come to pass. Past performance is not a guarantee of future performance.© 2018 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Why are multicultural- and female-owned businesses overlooked as good investment opportunities? Join Carla Harris, author, singer and 30-year veteran of Wall Street, as she and her guests—entrepreneurs, investors and activists—explore how they’re connecting capital and communities.The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2018 Morgan Stanley & Co. LLC, Members SIPC.

Virtual reality is popping up in almost every industry, doing things that were once unimaginable. How did it grow from the stuff of Sci-Fi into a real world revolution? As with so many things, it began with a language. In this episode of the Ideas podcast, we explore the virtual future by looking at one of the earliest VR worlds. Bryan Carter, a professor at the University of Arizona, guides us on a tour of Virtual Harlem, an early VR world that allowed his students to walk the streets of the Harlem Renaissance. Then, Alexis Macklin, an analyst for Greenlight Insights, takes us to the future—one filled with virtual coffee dates, schools, and vacations. Along the way, we explore the coding language at the root of the VR explosion: C++. Morgan Stanley Managing Director Bjarne Stroustrup, who created the C++ programming language more than 30 years ago, tells us what it took to build a near-universal coding language that took on a life of its own, and has become the source code for everything from web browsers and video games to financial modelling and space exploration. For more, visit http://morganstanley.com/ideas.The host Ashley Milne-Tyte is an employee of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this podcast may not be suitable for all investors. Morgan Stanley recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.This podcast may contain forward-looking statements and there can be no guarantee that they will come to pass. Past performance is not a guarantee of future performance.© 2018 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

Tech promised us more productivity and better lives via perpetual connectivity. Now, it seems impossible to stop looking at our screens. Can we disrupt distraction? In this episode of the Ideas podcast, we’re diving deep into the solutions-to-digital-distraction market. We talk to Suze Yalof-Schwartz, the founder of Unplug, a meditation app that helps people, well, unplug from technology by plugging in. Manoush Zomorodi, a technology journalist, shows us that the way we interact with our screens now might change how our kids will interact with each other. And Louella San Juan, a Managing Director and the Global Head of Client Technologies at Morgan Stanley, takes us to what she believes is the root of our unending dependence on technology: the ubiquity of the smartphone.For more, visit http://morganstanley.com/ideas.The host Ashley Milne-Tyte is an employee of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this podcast may not be suitable for all investors. Morgan Stanley recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.This podcast may contain forward-looking statements and there can be no guarantee that they will come to pass. Past performance is not a guarantee of future performance.© 2018 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

As our lives become more digital, our money is becoming increasingly digital too. There are more than a thousand cryptocurrencies floating around and new ones seem to launch every day. But is this new form of money, one that only exists online, even a currency? What exactly gives cryptocurrencies value?In this episode of the Ideas podcast, we head to the Berkshires to see what a local currency, the BerkShare, can teach us about the value of alternative currencies. We speak with the creator of BerkShares, Susan Witt, about creating a brand new currency, and we turn to local business owners to see that currency in action. How did BerkShares go from a crazy idea to a real form of money? And will the same ever happen for cryptocurrency? James Faucette, a Morgan Stanley Senior Research Analyst, looks at the similarities between cryptocurrency and BerkShares to question whether cryptocurrencies will ever be the new normal.For more, visit http://morganstanley.com/ideas.The host Ashley Milne-Tyte is an employee of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this podcast may not be suitable for all investors. Morgan Stanley recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.This podcast may contain forward-looking statements and there can be no guarantee that they will come to pass. Past performance is not a guarantee of future performance.© 2018 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

On this special episode of the podcast we visit an exciting new exhibition at The Metropolitan Museum of Art. Along the way we talk with Art Historian Diana Gisolfi of the Pratt Institute, and with Morgan Stanley’s Ferdousi Islam, an employee guide for company clients and employees at the exhibition, to look at the value of art in all its aspects, not only the monetary.Eight years in the making, Michelangelo: Divine Draftsman and Designer is sponsored by Morgan Stanley and open to the public at The Met in New York City through February 12th.For more, visit morganstanley.com/ideas.The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2018 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.CRC 2008801 01/2018

A rapid shift in the auto industry is coming. Electric vehicles, the long-anticipated cars of the future, are poised to dominate global markets in the next few decades. What impact will they have on how we live our lives?In this episode of the Ideas podcast, we wonder what an electric-car-powered future will look like. Will the internal combustion vehicle go the way of the horse and buggy? Will it mean the revival of the drive-in theater? Or the drive-in home? We speak with urban designer Marshall Brown who looks ahead at a world where electric vehicles will approach 90% of the market. Along the way, Simon Lonsdale of Chargepoint, an electric vehicle charging company, discusses how the driver of the future will fill-up. And Morgan Stanley Research Analyst Harald Hendrikse, an author of our recent Bluepaper on the bright future of the electric vehicle, introduces us to some ideas that may be as surprising as the flux capacitor.For further information, visit morganstanley.com/ideas The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this podcast may not be suitable for all investors. Morgan Stanley recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.This podcast may contain forward-looking statements and there can be no guarantee that they will come to pass. Past performance is not a guarantee of future performance.© 2017 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.

We know to make sure our heirs can access our online bank accounts, but what about the rest of our digital selves? As more and more meaningful parts of our lives enter the virtual world, how do we value the assets we leave behind online? What are they worth and to whom?In this episode of the Ideas podcast, we wonder: What’s a good way to pass on 10,000 photos from all those family vacations? Does a viral social media account have real-world value after you die? Could our endless streams of online consciousness become the stuff of meaningful memorials? These are questions for the digital age we all inhabit, whether we’re 8 or 88. And they’re questions for the usually old-school world of estate planning, which Beth Smith, of Morgan Stanley Wealth Management’s Strategy and Advisory Solutions, knows well.For further information, visit Morgan Stanley Wealth ManagementThe host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this podcast may not be suitable for all investors. Morgan Stanley recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.This podcast may contain forward-looking statements and there can be no guarantee that they will come to pass. Past performance is not a guarantee of future performance.Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.© 2017 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.CRC 1948170 11/2017

Finding the rare unicorn startup that both disrupts an entire industry and changes the world for the better has been the mission for Nancy Pfund of DBL Partners. These double bottom line businesses are changing the way many are thinking about sustainability. In this episode of the podcast we learn what Nancy values in these companies, visit a transformative soap factory in a struggling Chicago community, and hear from Hilary Irby, Morgan Stanley’s co-head of Global Sustainable Finance, about how this approach works and what potential investors should keep in mind. For further information, visit Morgan Stanley Sustainable Investing.The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this podcast may not be suitable for all investors. Morgan Stanley recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.This podcast may contain forward-looking statements and there can be no guarantee that they will come to pass. Past performance is not a guarantee of future performance.The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria.Source for Morgan Stanley’s survey: Morgan Stanley Institute of Sustainable Investing’s Sustainable Signals: New Data from the Individual Investor, August 2017© 2017 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC. CRC 1934662 10/2017