Matt Blumberg
Founder of Bolster
New York City Metropolitan Area
Overview
Work Experience
CEO
2025 - Current
Acrolinx is your enterprise content insurance policy. Our AI-powered content governance software captures and digitizes your style guide to make your writing standards, standard. Acrolinx governs new and existing content written by people and generative AI. Whether your company has written 100,000 words or billions (like our customer Microsoft), Acrolinx makes sure each one reflects your style guide. Customers enjoy massive efficiency gains without sacrificing standards through AI-powered live writing assistance, automated reviews and quality gates, and analytics comparing content quality with performance.
Co-Founder, Chairman
2020
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
Bolster helps startup CEOs scale themselves, their leadership teams, and their boards.
Raised $21,953,074.00 from Alumni Ventures, Union Square Ventures, Capital Factory, Costanoa Ventures, High Alpha, Alumni Ventures, Foundry Group and SVB Financial Group.
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
Return Path is the expert in deliverability, helping marketers drive revenue through email.
Raised $126,364,712.00 from Employee Stock Option Fund.
Board of Directors
2014 - 2018
Board of Directors (2 years as Chair)
2009 - 2015
Chairman
2004 - 2009
Board of Directors
2006 - 2007
FeedBurner is a feed management service that allows blog owners and podcasters to share and track their feeds with powerful tools.
Raised $8,000,000.00 from Union Square Ventures.
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
General Atlantic is a private equity firm that provides capital and strategic support for growth companies.
Education
AB
1988 - 1992
High School
1983 - 1988