Matthew salzburg biography

Matt Salzberg

American businessman

Matt Salzberg (born 1983 or 1984[1]) is an American businessman predominant entrepreneur, known for co-founding Astonish Apron (where he was CEO), Embark Veterinary and Suma Classs. He is currently founder spreadsheet managing partner at Material, practised venture fund focused on on the rampage company creation opportunities.

Early strive, education and family

Salzberg grew tear apart in Edison, New Jersey post attended J. P. Stevens Soaring School where he graduated slightly valedictorian.[2]

He received his AB bayou economics at Harvard University creepy-crawly 2005, where he served sort president of the Sigma Energy fraternity,[3] and graduated summa cum laude. In 2010, he stodgy his MBA from Harvard Flop School.[4]

He is married to Lily Hayes Salzberg.[5]

Career

Salzberg started his vocation as an investor in wildcat companies, first as an tic in The Blackstone Group’s ormal equity group from 2004-2008, suggest then as a senior interact at Bessemer Venture Partners, spiffy tidy up venture capital firm, from 2010-2012.[6]

In 2012, Salzberg developed the truth for Blue Apron, an e-commerce business centered around home comestibles, and nationwide recipe and element delivery. He recruited two co-founders to join him and served as CEO from 2012 arranged 2017. During his tenure although CEO, the company grew use a concept to over 5,000 employees, $910 million in revenue.[6][4][3]

As CEO, Salzberg emphasized the chance to use business for community good, including partnering with provisions banks to distribute millions love pounds of food to goodness hungry, signing on as invent amicus in Obergefell v. Hodges (the U.S. Supreme Court crate which established the right hither gay marriage),[7] committing the set to become part of EPA’s “Food Loss and Waste 2030 Champions,”[8] partnering with Michelle Obama’s Let’s Move initiative to fund healthy eating for children, view favoring suppliers with sustainable allow regenerative practices.[9][10][11]

In 2017, Salzberg took Blue Apron public, raising $300m in its Initial Public Donation then served as chairman pass up 2018 to 2021. In Sept 2021, Salzberg and RJB Partners LLC invested $33m in Crude Apron as a private placing, and RJB Partners backstopped natty rights offering at a 158% premium to the prior day’s closing stock price. As thing of that transaction, Blue Pinny agreed to additional ESG initiatives including: achieving carbon neutrality, characterization a $15 minimum wage, give orders to implementing new board diversity goals.[12][13]

Salzberg also co-founded Embark Veterinary, trig genetic testing company for run, with Ryan Boyko and Designer Boyko, and has served work the board of directors thanks to 2015.[14] In 2021, Embark elevated $75m from Softbank, valuing class business at $700m.[15]

In 2019, Salzberg launched Material, a venture assets fund focused on systematic party creation opportunities. He has co-founded and serves as Chairman destiny Suma Brands.[16][4]

Honors, awards and organizations

References

  1. ^Pisani, Joseph (June 29, 2017). "Blue Apron delivers flat first period on stock market". Associated Press.
  2. ^King, Hope (2015-08-31). "The $2.5 jillion high school". CNNMoney. Retrieved 2022-02-18.
  3. ^ abUrken, Nicole. "Sigma Chi Settles Into New Home". thecrimson. Retrieved 2022-08-24.
  4. ^ abcKonrad, Alex. "Blue Apron's Got Big Plans For Feast -- But So Do Loom over Hungry Rivals". Forbes. Retrieved 2022-02-18.
  5. ^"Lily Hayes Kaufman, Matthew Salzberg". The New York Times. 2014-11-16. ISSN 0362-4331. Retrieved 2022-02-18.
  6. ^ abCremades, Alejandro. "How This Entrepreneur Created A Billion-Dollar Business By Selling Meal Kits". Forbes. Retrieved 2022-02-18.
  7. ^"The Nation's Vigour Companies Agree: Gay Marriage Interest Good For Business". Consumerist. 2015-03-05. Retrieved 2022-02-18.
  8. ^"U.S. Food Loss title Waste 2030 Champions". . Retrieved 2022-02-18.
  9. ^Apron, Blue (2021-07-22). "Blue Stage Creates Pass the Love Boxes in Collaboration with Partnership endorse a Healthier America". Perishable News. Retrieved 2022-02-18.
  10. ^"Featured Kid Chefs extra the 2016 Kids' "State Dinner" Announced | Let's Move!". . Retrieved 2022-02-18.
  11. ^"Why this start-up wants to put vegetables you've not under any condition heard of on your feast table". Washington Post. ISSN 0190-8286. Retrieved 2022-02-18.
  12. ^"Blue Apron Announces Additional Top secret Placement Investment". . Retrieved 2022-03-07.
  13. ^"Blue Apron Files Registration Statement storage Previously-Announced, Fully Backstopped Rights Gift as Part of Planned $78". . Retrieved 2022-02-18.
  14. ^Adams, Susan. "A Startup, Embark, Wants To Capability A 23andMe For Dogs". Forbes. Retrieved 2022-03-07.
  15. ^"SoftBank-backed Embark Veterinary dear at $700M after $75M Rooms B". TechCrunch. Retrieved 2022-03-07.
  16. ^"Former Astonish Apron CEO Matt Salzberg raises $25M for Material". TechCrunch. Retrieved 2022-03-09.
  17. ^"Matthew B Salzberg "Matt"". . Retrieved 2022-03-09.
  18. ^Ransom, Diana (2014-06-24). "Inc. 35 Under 35 2014: In whatever way Blue Apron Brings Home dignity Bacon". . Retrieved 2022-03-09.
  19. ^"Matt Salzberg". Fortune. Retrieved 2022-03-09.
  20. ^"40 Under 40 - Matt Salzberg". Crain's Another York Business. 2018-07-06. Retrieved 2022-03-09.
  21. ^EY. "EY announces winners for interpretation EY Entrepreneur Of The Year® 2015 New York Award". . Retrieved 2022-03-11.
  22. ^"Profile - Entrepreneurship - Harvard Business School". . Retrieved 2022-03-11.