Anthony Wood (businessman)

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Anthony Wood
Anthony Wood at Collision Conference 2016 (cropped).jpg
Born (1965-12-04) December 4, 1965 (age 59)
England
NationalityAmerican
Education Texas A&M University (BS)
OccupationBusinessman
Known forFounder, Chairman and CEO of Roku, Inc.
SpouseSusan Wood
Children3

Anthony J. Wood (born December 4, 1965) is an English-born American businessman, a billionaire and a philanthropist. He is the founder, Chairman and CEO of Roku, Inc. [1] [2] [3] In 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] He earned a bachelor's degree in electrical engineering from Texas A&M University. [7] It was there that Wood met his wife, Susan, who was studying environmental design. [5] The couple has three children, [8] and reside 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 2001 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] That same year, the foundation also donated £1.9 million to the School of Ocean and Earth Science at University of Southampton to fund research in how Earth’s climate has changed over the past billion years, during times when the planet experienced severe ice ages. [21]

In January 2025, Woodnext Foundation granted over £1 million to the School of Life Sciences at the University of Dundee to support research in understanding how mutations, in particular protein kinases, cause human diseases such as amyotrophic lateral sclerosis (ALS) and ROSAH syndrome. [22] In March 2025, Woodnext Foundation awarded the Brain & Behavior Research Foundation (BBRF) $5 million over five years to sponsor research, including that at the Yale School of Medicine, in neurobiological and behavioral science. [23] The research areas included opioid use disorder, depression in pregnant women, schizophrenia, bipolar disorder, and the effects of psychedelics on perception and consciousness. [24]

Political activities

US federal and state contributions

Wood has contributed significant sums to political efforts. In March of 2025, Wood individually contributed $1 million to the super PAC Texans for a Conservative Majority. [25] In addition, his combined contributions to Texans for Senator John Cornyn Inc., Alamo PAC, and Cornyn Victory Committee amount to $22,400 in 2024 and 2025. [26] Together with Texans for a Conservative Majority, these PACs are joint fundraising participants supporting the re-election of Texas Republican representative John Cornyn to the U.S. Senate in 2026. [27] In October of 2024, Wood individually contributed $100,000 to the super PAC AFC Victory Fund. [26] The AFC Victory Fund supports the American Federation for Children (once called "Advocates for School Choice") which is a 501(c)(4) organization that promotes school choice programs. [28] [29] [30] In August of 2022, Wood individually contributed $200,000 to Take Back the House 2022, a joint fundraising committee created to gain a Republican majority in the U.S. House of Representatives during the 2022 midterm elections. [26]

References

  1. 1 2 "Anthony Wood". InfluenceWatch. Retrieved 2024-02-23.
  2. 1 2 Sherman, Alex (2021-06-18). "How Roku used the Netflix playbook to beat bigger players and rule streaming video". CNBC. Retrieved 2024-02-23.
  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.
  9. Evangelista, Benny (2012-04-16). "Roku pins TV's future on Internet streaming". sfgate.com. Hearst Communications, Inc. Retrieved 2024-02-23.
  10. "Perfect Sound". Amiga Hardware Database.
  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.
  21. "turing-fellow-receives-philanthropic-gift | Web Science Institute | University of Southampton". www.southampton.ac.uk. Retrieved 2025-09-07.
  22. "Major philanthropic gifts from the WoodNext Foundation to accelerate two research projects at the University of Dundee | University of Dundee, UK". www.dundee.ac.uk. Retrieved 2025-09-07.
  23. Gardner, Christopher. "Pittenger Awarded 2025 Distinguished Investigator Grant From BBRF". medicine.yale.edu. Retrieved 2025-09-07.
  24. "BBRF Awards $1 Million in 2025 Distinguished Investigator Grants to Advance Mental Health Research, with Transformative Support from WoodNext Foundation | Brain & Behavior Research Foundation". Bbrfoundation. 2025-03-18. Retrieved 2025-09-07.
  25. "PAGE BY PAGE REPORT DISPLAY FOR 202507309764348246 (Page 17 of 64)". Federal Election Commission. Retrieved 24 September 2025.
  26. 1 2 3 "Browse Individual contributions". Federal Election Commission. Retrieved 24 September 2025.
  27. "Cornyn Victory Committee Statement of Organization" (PDF). Federal Election Commission. p. 5 of 5. Retrieved 24 September 2025.
  28. "AFC Announces Launch of Affiliated "AFC Victory Fund" Super PAC". American Federation for Children. 25 September 2023. Retrieved 24 September 2025.
  29. "ADVOCATES FOR SCHOOL CHOICE". Web Archive. Retrieved 24 September 2025.
  30. Roberts, Andrea Suozzo, Alec Glassford, Ash Ngu, Brandon (9 May 2013). "American Federation For Children Inc - Nonprofit Explorer". ProPublica. Retrieved 24 September 2025.{{cite web}}: CS1 maint: multiple names: authors list (link)