Anthony Wood (businessman)

Last updated
Anthony Wood
Anthony Wood at Collision Conference 2016 (cropped).jpg
Born1965or1966(age 58–59)
England
NationalityAmerican
Education Texas A&M University
OccupationBusinessman
Known forFounder, chairman and CEO of Roku, Inc.
SpouseSusan Wood
Children3

Anthony J. Wood (born 1965) is an English-born American billionaire businessman who is the founder, chairman and CEO of Roku, Inc. [1] [2] [3] As on April 2021, he owned 15% stake in Roku, and had a net worth of US$7.2 billion. [4]

Contents

Personal life

Wood was born and grew up in Manchester, England, followed by the State of Georgia in the U.S. [1] At the age of 13, he moved to the Netherlands with family, and then lived in Texas in the U.S. [5]

In 1984, when Wood was a teenager, he published "Lunar Lander" in the Ahoy! magazine. [6] Wood earned a bachelor's degree in electrical engineering from Texas A&M University. [7] He met his wife Susan at this university, where Susan studied environmental design. [5] They have three children, [8] and live in Palo Alto, California. [9]

Career

While in college, Wood founded his first company, "AW Software", to sell computer programs. He also founded "SunRize Industries" while studying engineering, developing software and hardware for the Amiga. [5] [10] [11] After graduating, he founded SunRize version 2. Later, in 1995, Wood launched another company, iBand, which was bought by Macromedia for $36 million. Wood became the vice president of Internet authoring at Macromedia. [12]

Wood left Macromedia in September 1997 to launch ReplayTV, a digital video recorder (DVR) maker. [13] Wood began working on the DVR development reportedly after being "frustrated" at missing episodes of Star Trek: The Next Generation. [12] Features introduced by ReplayTV included ad-skipping, rewinding and pausing live television. [14] [15] Wood sold ReplayTV in 2002 to SONICblue Incorporated for US$42 million. [15]

In 2002, Wood founded Roku, Inc., his sixth startup, to market home digital devices. "Roku" means “six” in Japanese. [13] In 2007 Netflix, Inc. employed Wood as the vice president of Netflix's "Internet TV", directly under Reed Hastings. [15] Wood continued to be the CEO of Roku in this period. [2] At Netflix, he built a team which developed a Netflix-streaming player as well as applications allowing PC users to stream Netflix onto their computers. Netflix later spun Wood’s engineering team back out to Roku. [13]

Philanthropy

In 2021, Wood and his wife, Susan, donated $48.2 million to create the "WoodNext Foundation", a Texas based philanthropy. [16] Its priorities include mental health, homelessness, scientific and biomedical research, disaster recovery, and economic opportunity with a focus on addressing root causes. [17] Wood made $71 million in charitable commitments in 2022, and appeared on the Chronicle of Philanthropy's list of America’s 50 biggest donors. [18] In 2023, the WoodNext Foundation granted $14.3 million to the University of Pittsburgh for the study of heart disease and dementia, [19] [20] and $1.25 million to establish the BrightEdge Entrepreneurship Fellows Program through the American Cancer Society. [17]

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References

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  3. Szalai, Georg (2023-09-06). "Roku to Lay Off 10 Percent of Staff, Take Charge of $55M-$65M for Removing Streaming Content". The Hollywood Reporter. Retrieved 2024-02-23.
  4. Tucker, Hank (2021-04-29). "Zuckerberg, Dorsey And 18 Other Billionaires Lead Massive Stock Sales". Forbes. Retrieved 2024-02-23.
  5. 1 2 3 "Trailblazers - True Vision - Texas A&M Foundation Spirit Magazine" . Retrieved 28 December 2017.
  6. Wood, Anthony (April 1984). "Lunar Lander". Ahoy! . Ion International. pp. 35, 76. ISSN   8750-4383.
  7. "Executive Profile: Anthony J. Wood". Bloomberg LP. Retrieved 28 December 2017.
  8. "How Roku is kicking the cable industry's butt & where it's going next [exclusive] - VentureBeat". venturebeat.com. 3 March 2012. Retrieved 28 December 2017.
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  11. "Samplers /SunRize Industries: Perfect Sound". Big Book of Amiga Hardware.
  12. 1 2 "This Is the Man Responsible for Your Binge-Watching Addiction". Fortune. Retrieved 2024-01-07.
  13. 1 2 3 Hiltzik, Michael (October 13, 2010). "Roku box developer has a sixth sense about video". LA Times.
  14. Hiltzik, Michael (October 13, 2010). "Roku box developer has a sixth sense about video". LA Times.
  15. 1 2 3 Au-Yeung, Angel. "How Billionaire Anthony Wood Quit His Netflix Job, Founded Roku—And Then Quadrupled His Fortune In The Past Year". Forbes. Retrieved 2024-01-07.
  16. Rojc, Philip (2023-03-15). "Roku Founder Anthony Wood Is a Billionaire Donor to Watch. Here's an Overview". Inside Philanthropy. Retrieved 2024-02-20.
  17. 1 2 "American Cancer Society's BrightEdge Receives $1.25 Million Grant from WoodNext Foundation to Launch Entrepreneurship Fellows Program". American Cancer Society MediaRoom. Retrieved 2024-03-18.
  18. Mento, Maria Di; Lindsay, Drew (2023-02-14). "Bill Gates again tops list of U.S. philanthropists". The Seattle Times. Retrieved 2024-03-18.
  19. "Pitt lands $14.3 million for research linking dementia and cardiovascular disease". University of Pittsburgh. 2023-02-15. Retrieved 2024-02-25.
  20. Valletta, Maya (2023-02-17). "Pitt Expedites Research in Heart Disease, Dementia with $14.3 Million Award". Pittsburgh Magazine. Retrieved 2024-03-18.