Scott Smith is the director of The Foundation For a Better Economy, and an entrepreneur, author, and partner in the C Squared Fund. He was an early pioneer in structured finance on Wall Street, originating the first mixed-property commercial mortgage conduit and securing a billion-dollar line of credit from DLJ. He developed the model for securitizing loans that became the cornerstone for mortgage-backed securities today.
Scott also helped structure the financing for the first phase of President Nelson Mandela’s Redevelopment Program, which provided affordable housing for some 11,000 families near Soweto, South Africa, and paved the way to provide housing for many more families throughout the nation.
Scott founded Kidz Magazine in 1995, an early example of user-generated content. The monthly publication invited students to submit content that ranged from stories and poems to puzzles and drawings. Paid sponsors were classroom-friendly advertisers. The publication grew from a local magazine to an international publication with an audience in the millions that spanned 30 nations. Scott’s passion for education led him to co-found two Colorado charter schools, Summit Middle School and Peak-to-Peak Charter School, the latter of which is ranked among the top schools in the nation by Time Magazine and U.S. News & World Report.
Scott is a co-founder of Massively Parallel Technologies, Fathym, and FinaTech. Massively Parallel is the developer of Blue Cheetah, a software platform that automates the analysis and parallelization of legacy code, so that it can be rapidly migrated to the cloud. Fathym automates the provisioning and hosting of apps in the cloud, enabling the rapid development of enterprise IoT solutions for the cloud. FinaTech dramatically improves yields for investors in private equity funds.
Scott is the author of A Tale of Two Economies, a book that develops the basis for a Congressional bill that would replace income taxes with a payments tax, which would slash the tax rate to 0.2%, balance the budget, and provide basic income, healthcare and college for all U. S. citizens.
Scott lives in Florida with his wife, Sheri, founder of the Indigo Education Company.