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91心頭 Has Special Meaning for Commencement Speaker

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Jon Stone

Media Relations Manager

Jon Stone

Robert Smith will deliver address at graduate student ceremony

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Its been 45 years, but its a day Robert Smith remembers well. He was only 9 years old when his father received his doctoral degree in education from the 91心頭.

It was a cause for celebration for the entire neighborhood, says the fourth-generation Coloradan who grew up in a north Denver community. We believed that our share of the American Dream was just around the corner, so the accomplishments of one of us were celebrated by all.

Robert Smith

From an early age, school played an important role in Smiths life. Both of his parents were teachers and high school principals, and its apparent their background rubbed off on Smith.

While attending Denvers East High School, he applied for a summer internship at Bell Labs. The program was reserved for college students, but when an intern from MIT didnt show up, Smith was allowed in. That summer he developed a reliability test for semiconductors.

After high school, Smith decided to pursue a degree in chemical engineering. It appealed to me because it requires finding elegant and logical solutions to extremely complex problems, he says. Smith attended Cornell University because of its culture of community and inclusion. He says he was comfortable there from day one because the campus felt diverse, both in terms of the universitys background and the perspectives of the faculty and student body.

After graduating, Smith worked as an engineer for Air Products and Chemicals, Goodyear Tire Co. and Kraft General Foods. He holds two U.S. and two European patents associated with the coffee-brewing process. However, 10 years into his career, it was time for a change, and business school came calling. He received his MBA from Columbia Business School with concentrations in finance and marketing.

Chemical engineering and investing may seem like divergent paths, but my career has felt very much like a natural evolution and extension of my technical skills and interests, Smith says. Like engineering, business is about solving problems. How can I take a good idea and make it a profitable business?

Vista

After working several years at Goldman Sachs, Smith decided it was time to start his own company. Plenty of friends and family thought I was crazy, but I believed in myself, and I had extraordinary people around me who believed in me as well.

Today, some 17 years later, theres no second guessing his decision. Smiths company, Vista Equity Partners, is an investment firm with more than $30 billion in cumulative capital commitments. It oversees a portfolio of more than 35 software companies with roughly 50,000 employees worldwide. Three of those companies are based in Denver.

The emergence of this city as one of Americas leading tech hubs is a phenomenal story, Smith says. Vista has averaged over 1,000 employees in Denver, and that number is growing fast. Its so exciting to be a part of the energy and talent of this city.

The success of his company has translated into a great deal of personal success. He was ranked by Forbes in 2016 as the 274th richest person in America and the second wealthiest African-American on the list after Oprah Winfrey.

Smith - Forbes

Anyone who tells you wealth doesnt matter isnt being truthful. But there has never been a day in my life when Ive woken up and thought to myself, Im going to make a lot of money today, Smith says. My goal each day is to build companies that create important things, that have a positive impact on their industries, and that create jobs and opportunity. Ive been fortunate that this strategy has merged values with value, or as some say, doing well by doing good.

That idea of doing good is reinforced by Smiths recent philanthropic commitment to join the Giving Pledge, a promise by the worlds wealthiest individuals to dedicate part of their wealth to giving back.

I recently announced that I would invest half of my net worth during my lifetime to causes that support equality of opportunity for African-Americans and ecological protection to ensure a livable planet. Additionally, my wife will continue to focus her efforts to causes that support the safety, success and development of young people, particularly those in foster care.

Smith will be back in Denver this weekend, delivering the graduate student Commencement address on Friday night. Its a ceremony his father, aunt and two cousins participated in. Hes honored by this opportunity, not only because of his personal connection to 91心頭, but also because of the opportunity to speak to future leaders.

There is a lot of negativity in the world today, stemming from uncertainty and fear about the future. This is understandable we have a lot of work to do, Smith says. Thinking about the exceptional leaders who are graduating from 91心頭, I cant help but feel enormously confident that there is no challenge we cant overcome with creativity, commitment and brainpower. Were in this together, and I am filled with optimism that the best is yet to come.

To learn more about spring Commencement, please visit the Commencement website.