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  • Ventures
  • Team
  • Careers
  • Contact

Material is a venture capital fund and studio, uniquely focused on company creation.

We co-found, fund, launch and scale companies alongside the world’s best entrepreneurs.

Before starting Material, our Partners have founded, operated, and invested in billion-dollar venture-backed companies. We leverage that experience with each new venture we launch:

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Ventures

Blue Apron Food Boxes

Blue Apron
DTC cooking experiences

Matt Salzberg founded Blue Apron in 2011 and served as CEO for its first 6 years, growing the company to $900m in revenue and taking it public at a $2 billion valuation.

blueapron.com

Embark
Genetic Testing for Dogs

Matt Salzberg co-founded Embark with Adam and Ryan Boyko in 2015, and continues to serve as an investor and active board member.

embarkvet.com

Blue Apron Food Boxes

Hims
DTC Prescription Wellness

Andy Salamon was involved in the co-founding of Hims while a general partner at a prior fund. Hims is now valued at over $1 billion.

Hims

Bungalow
Co-Living Real Estate

Andy Salamon was involved in the co-founding of Bungalow while a general partner at a prior fund.

bungalow.com

Terminal
Outsourced Engineering Teams

Andy Salamon was involved in the co-founding of Terminal while a general partner at another fund.

terminal.io

Suma
Acquiring e-commerce brands

Material co-founded Suma with Andrew Savage. The company has raised significant outside debt and equity capital and has acquired a portfolio of brands operating in the Amazon marketplace.

sumabrands.com

Unlimited
Tech-enabled asset manager

Material co-founded Unlimited with Bob Elliott, a former Investment Committee member at Bridgewater Associates. Unlimited's first product, a machine learning based replication of the hedge fund index, is an ETF under ticker "HFND".

unlimitedfunds.com

Team

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Matt Salzberg
Managing Partner

Matt has spent his career as an operator and investor in companies across all stages of their lifecycle, and now brings that unique mix of skills to Material as Managing Partner.

Matt founded Blue Apron in 2011 and served as President & CEO for its first six years, overseeing Blue Apron’s growth from idea to a category-leading public company. During that time, Matt built Blue Apron into a nationally recognized brand with millions of customers and an innovative supply chain. Read bio

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BIO

Matt Salzberg

Managing Partner

Matt has spent his career as an operator and investor in companies across all stages of their lifecycle, and now brings that unique mix of skills to Material as Managing Partner.

Matt founded Blue Apron in 2011 and served as President & CEO for its first six years, overseeing Blue Apron’s growth from idea to a category-leading public company. During that time, Matt built Blue Apron into a nationally recognized brand with millions of customers and an innovative supply chain. Matt led Blue Apron’s $2 billion IPO in June 2017 and served as CEO until the company had approximately $910 million of trailing revenue and 5,000 employees. Matt is currently Blue Apron’s Chairman and serves on the company’s Board of Directors.

Matt has a passion for entrepreneurship and is heavily involved in the entrepreneurial ecosystem as an angel investor, board member and repeat founder. He is the co-founder of Embark Veterinary, a next-generation genetic testing company for dogs, where he serves on the Board of Directors. He has also made dozens of investments in start-ups, served on a variety of corporate boards and volunteers as an Entrepreneur in Residence at Harvard Business School—a Dean’s appointment where he meets with and advises students on entrepreneurship-related topics.

Before Blue Apron, Matt worked as a senior associate at Bessemer Venture Partners and as an analyst with The Blackstone Group. Matt holds an A.B. degree in economics, summa cum laude, from Harvard College and an M.B.A. from Harvard Business School. He was named 35 under 35 by Inc. Magazine, 40 under 40 by Fortune, and 40 under 40 by Crain's. He was also the recipient of the E&Y Entrepreneur of the Year national award in 2016.

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Andy Salamon
Partner

Before joining Material, Andy was a General Partner at Atomic Labs, a San Francisco-based venture capital firm. While there, Andrew was a co-founding investor and advisor to several technology-driven, operationally intensive startups including Hims, Terminal, Bungalow Living, among others, which together represent over $1B of enterprise value created from a $10M investment fund. Read bio

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BIO

Andy Salamon

Partner

Before joining Material, Andy was a General Partner at Atomic Labs, a San Francisco-based venture capital firm. While there, Andrew was a co-founding investor and advisor to several technology-driven, operationally intensive startups including Hims, Terminal, Bungalow Living, among others, which together represent over $1B of enterprise value created from a $10M investment fund. Prior to Atomic, Andrew was a venture capital investor with First Round Capital’s Dorm Room Fund, a senior manager at Bridgewater Associates, and an Expeditionary Combat Officer in the US Navy. He holds an A.B. in Economics from Harvard University and pursued an M.B.A. at Wharton prior to leaving to found one of his previous ventures.

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Danielle David Parks
Partner

Before joining Material, Danielle was co-founder of Jane Strategy, a New York City based business focused on the development of people strategy for early-stage, venture-backed companies. Danielle started her career at Google and subsequently ran business operations at Spoon University (acquired by Scripps Networks Interactive, now Discovery) and people operations at Amino Apps.  Read bio

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BIO

Danielle David Parks

Partner

Before joining Material, Danielle was co-founder of Jane Strategy, a New York City based business focused on the development of people strategy for early-stage, venture-backed companies. Danielle started her career at Google and subsequently ran business operations at Spoon University (acquired by Scripps Networks Interactive, now Discovery) and people operations at Amino Apps.

She holds a B.S. in Learning & Organizational Change from Northwestern University and an M.S. degree in Management Studies from the Kellogg School of Management.

Careers

Apply

Founders-In-Residence Program:

Exceptional entrepreneurs can join our FiR program to work with us full-time to develop a business that we will fund and launch collaboratively. Our program lasts up to 6 months, and includes full-time employment and compensation during the development phase. Once a business is aligned on, the FiR typically becomes Co-Founder and CEO of the business, which Material funds with a Series A. The program is highly selective, and offers the best way to build a significant company, quickly and thoughtfully.

APPLY

For roles at our operating companies, please visit the career pages of those companies.

For roles at our operating companies, please visit the career pages of those companies.

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