MB

Matt Blumberg

Founder of Bolster

United States

Overview

Work Experience

  • Co-Founder, Chairman

    2020 - Current

    Along with seven of my colleagues from Return Path, I started Bolster as a next-generation AI-driven platform to disrupt the executive search market: - Raised $25mm in venture capital from top-tier investors including Union Square Ventures, Foundry, Costanoa Venture Capital, High Alpha, and SVB - Pivoted from initial marketplace model to AI-copilot model for recruiters - Innovated pricing and service models - Have placed 400+ senior executives in full-time, part-time, and board roles

  • Chief Executive Officer

    2020 - 2024

  • Board of Directors (Chairman, member of Audit Committee and Nom/Gov Committee)

    2021 - 2023

  • Founder, CEO, Chairman

    1999 - 2019

    Understanding the disruptive power of email technology along with a number of its limitations from my work at MovieFone, I founded Return Path in 1999 and scaled the business as CEO for 20 years to over $100mm in revenue, profitable, with 500 employees in 12 locations across 7 countries. - Ran business through the ups and downs of the dot-com bubble and collapse, 9/11, 2008 global financial crisis; sold company for $250mm in 2019 - Created groundbreaking email SaaS products with numerous patents based on a proprietary data moat with millions of nodes reporting email metrics from across the internet. Products included change of address, filter monitoring, certification, anti-phishing, and consumer insights - Raised over $100mm in venture capital from top-tier investors including Flatiron Partners/Union Square Ventures, Softbank VC/Foundry, Sutter Hill Ventures/Costanoa Venture Capital, Sapphire, Vista - Scaled and led complex organization across multiple business units and geographies; created and drove extensive management and leadership training programs; won numerous employer-of-choice awards; 12+ former employees have gone on to become CEOs - Acquired a dozen companies over the years, from competitive consolidation to technology tuck-in; completed four spin-outs/divestitures of non-core assets in a rapidly evolving space, including one business unit still intact today within Proofpoint that has scaled to almost $500mm in revenue

  • Board of Directors

    2014 - 2018

  • Board of Directors (2 years as Chair)

    2009 - 2015

  • Board of Directors

    2006 - 2007

  • General Manager, VP Marketing/Product

    1995 - 1999

    MovieFone was a $30mm small cap public company with 175 employees, pioneering interactive movie guides and ticketing services through local phone numbers (e.g. 777-FILM) and on the Internet at moviefone.com. I was hired to put the company’s services on the Internet. By 1999, at least 150 million consumers used our services. - Built and led MovieFone’s Internet business from concept, through five product cycles, as a top-25 property at the dawn of the commercial Internet - Introduced disruptive new products and developed new revenue streams including voice recognition, reserved seating, market research, and email - Had P&L responsibility at division level; managed staff of 30; also had company-wide functional leadership roles running Marketing and Product - Reported to CEO; on deal team which sold company to AOL for $585 mm

  • Associate

    1994 - 1995

  • Consultant

    1992 - 1994

Relevant Websites