Formerly Incarcerated Entrepreneur Works to Find Jobs for the Other 70M
One of the groups facing the highest unemployment rate in the United States is those who are formerly incarcerated. Richard Bronson, who served two years in prison for securities violations in the 90s, has launched a venture he calls 70 Million Jobs.
You see, there are about 70 million formerly incarcerated Americans. That represents about one in every three adults. Richard sees this not only as a problem but as an opportunity. He launched his for-profit enterprise to act as a placement agent for this marginalized population.
Now, Richard is raising money for the venture on equity crowdfunding site Wefunder using Title III of the 2012 JOBS Act. Virtually anyone can invest.
Preliminary Interview with Richard Bronson, the Founder/CEO of 70MillionJobs.
The following is a brief pre-interview that provides context for the recorded interview you may watch or listen to at the top of this article.
Crowdfunding page: wefunder.com/70million.jobs
What is the purpose of your crowdfunding campaign?
We will add to our sales, marketing and advertising budgets, so we can attract more job-seekers with criminal records, while increasing the number of available jobs. Employment short circuits the endless cycles of recidivism that destroys lives, families and communities.
More about 70MillionJobs:
Job board for people with criminal records.
For-profit or Nonprofit: For-profit
Article in Entrepreneur Magazine: entrepreneur.com/slideshow/313598
Richard Bronson’s bio:
Before launching 70MillionJobs, Richard served as Director of Executive Relations and Prison Engagement at Defy Ventures, a prominent non-profit organization in the reentry space. Before that, he was a co-founder of the popular nostalgia website, DoYouRemember.com.
His career began on Wall Street, where he managed money at Lehman Bros. and Bear Stearns. He then was a partner at the infamous Wolf of Wall Street firm, Stratton Oakmont. He eventually went on to found Biltmore Securities, a registered broker-dealer based in South Florida. Richard grew Biltmore to nearly 500 employees, spread out over four national offices, and took many companies public. After Biltmore, Richard founded Channels Magazine and launched several successful consumer product and service businesses.
Despite having paid back all investors, Richard was convicted of securities fraud in 2002, arising from his activities in the 1990s and served two years in a Federal prison camp. He was released from prison in 2005.
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