Vinny Smith

Last updated
Vinny Smith
Born
Vincent Coburn Smith Jr

1964 (age 5960)
Baltimore, Maryland, US
OccupationBusinessman
Known forFormer CEO of Quest Software, founder of Toba Capital
SpouseTori Smith
Children5

Vincent Coburn Smith Jr (born 1964) is an American businessman, billionaire, former CEO of Quest Software, and founder of Toba Capital.

Contents

Education

Smith was born in 1964 in Baltimore, Maryland. [1] After graduating from Mount Saint Joseph High School he received a bachelor's degree in computer science from the University of Delaware. [2]

Career

After graduation in 1986, [3] he worked as a software developer and in sales leadership for Oracle Corp. In 1992, Smith and an associate from Oracle co-founded Patrol software, [4] which was acquired two years later by BMC Software, Inc. for $34 million. [5]

Smith helped Jeff Horing and Jerry Murdock launch Insight Partners in 1995, and led the firms' investment into Quest Software. He joined Quest as its CEO in 1998 and took the company public the following year. Quest was acquired by Dell in 2012. [6] At the time, Quest had over 4,000 global employees and approximately $1 billion in annual revenue.

Smith founded Toba Capital in 2013. [6] Toba Capital is an investment firm with over $3.5 billion in assets under management, principally funded by Smith's family office. The firm is thematically focused on technology and sustainability, and is active in venture, growth equity, public equities, and real estate. Toba has made over 200 direct venture investments, and has staked over 50 external funds.

In 2021 Smith created a company to expand the inland surf market. Its first project, the Palm Springs Surf Club, is set to open in 2023.

Philanthropy

Smith has pledged 50% of Toba Capital’s returns to foundations that make sustainability-related investments and charitable donations.  The balance of returns will be reinvested into  companies with the potential to produce meaningful quantities of high-quality jobs and shift markets for the common good.

Smith’s primary charitable foundations are Teach a Man to Fish and Walking Softer. Walking Softer was founded to promote, celebrate and in a small way resource the invention of a new economy built on circularity, conservation, and renewal, where the long-term health of the Earth and its inhabitants is considered as deeply and thoughtfully as profit.

Personal life

Smith is married to Tori Smith. They reside in Austin, Texas, and Jackson, Wyoming. Smith has five children.

Smith is an avid sportsman enjoying skiing, snowboarding, hiking, biking, surfing and golf.

Recognition

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References

  1. 1 2 "So Rich So Young But Are They Really Happy? Some are having the time of their lives. (Wouldn't you?) Others seem conflicted. But the winners of our second annual 40 Under 40 ranking shouldn't get too comfortable: In the Internet era, megawealth comes quickly, but it can vanish just as fast. - September 18, 2000". archive.fortune.com. Retrieved 2019-10-29.
  2. "Vinny Smith". Bloomberg. Retrieved 2019-10-29.
  3. "Vinny Smith's quest for ultimate software solution leads to California". www1.udel.edu. Retrieved 2019-10-29.
  4. "Company News; Bmc Software in a Pact with Digital". The New York Times. Reuters. 1994-02-16. ISSN   0362-4331 . Retrieved 2019-10-29.
  5. Coffey, Brendan. "See Who Got Rich This Week: New Groupon Billionaires, A Broadway Producer & More". Forbes. Retrieved 2019-10-29.
  6. 1 2 "Smith moves on after grueling battle with Dell". Orange County Register. 2013-05-24. Retrieved 2019-10-29.