Bio
The director of the Foundation For a Better Economy, Scott Smith is an active partner in C Squared's venture fund and a pioneer in structured finance on Wall Street. In 1993 he architected the first mixed-property commercial mortgage-backed security (CMBS) by securing a billion-dollar line of credit from DLJ. His structure is still a cornerstone for MBS today. He also helped structure the financing for Nelson Mandela’s Redevelopment Program, which provided affordable housing for five million in South Africa.
Later, Scott founded an educational publication for schools, Kidz Magazine, one of the first examples of user-generated content. The magazine grew to a readership in the millions in 30 nations. He also co-founded two top Colorado charter schools, Summit Middle School and Peak-to-Peak Charter School (K-12).
Today, Scott is a co-founder of Massively Parallel Technologies, Fathym, and FinaTech. MPT develops parallelization technology that substantially reduces power consumption in data centers. Fathym's agentic AI automates the development of solutions for industrial automation. FinaTech significantly improves returns on AUM for GPs in PE funds and REITs.
Scott is the author of A Tale of Two Economies, a book that develops the basis for the Financial Freedom Act (FFA), a proposed bill for Congress that would eliminate all the taxes we pay today with a small payments tax. The FFA would slash the taxes citizens pay, balance the budget, pay off the national debt, provide basic income, healthcare and college for all U. S. citizens, and modernize our banking system, significantly cutting the cost of mortgages and obtaining money for startups.