# Matt Schulman

> Matt Schulman is the Founder and CEO of Pave, the AI-powered compensation platform he built after watching coworkers at Facebook struggle to understand their own stock options. Starting with a cold email to 200 executives in 2019 (59 replied within 24 hours), he grew Pave into a $1.6 billion company with 3,500+ customers and $471M in total funding - making it the largest compensation data provider for private companies in the world after acquiring Option Impact from Morgan Stanley in 2022.

- **Role:** Founder and CEO at Pave
- **Organizations:** Pave, Y Combinator, On Deck
- **Nationality:** American
- **Education:** B.S. Computer Science, University of Pennsylvania, B.S. Economics, University of Pennsylvania, Wharton School
- **Known for:** Built Pave to unicorn status ($1.6B valuation) in under three years from founding, Raised $471M+ in total venture funding from top-tier investors including a16z, Bessemer, Index Ventures, and YC, Grew Pave to 3,500+ enterprise customers and ~170 employees

## Career timeline

- **2013-2017** — Dual degrees at University of Pennsylvania (CS) and Wharton (Economics)
- **2017-2018** — Year of freelance coding and mountaineering globally
- **2018-2019** — Software engineer at Facebook (Meta), building mobile user experiences
- **2019** — Founded Pave (initially called Trove) after noticing compensation opacity at Facebook
- **2019** — Sent 200 cold emails to CFOs and VPs of People; 59 replied within 24 hours
- **2020-03** — First paying customers signed during COVID-19 pandemic
- **2020** — Raised Series A from a16z, Bessemer Venture Partners, Bezos Expeditions, and Y Combinator
- **2021-08** — Raised $46M Series B led by YC Continuity, with a16z and Bessemer
- **2022-06** — Raised $100M Series C led by Index Ventures at $1.6B valuation; acquired Option Impact from Morgan Stanley

## Achievements

- Built Pave to unicorn status ($1.6B valuation) in under three years from founding
- Raised $471M+ in total venture funding from top-tier investors including a16z, Bessemer, Index Ventures, and YC
- Grew Pave to 3,500+ enterprise customers and ~170 employees
- Acquired Option Impact from Morgan Stanley, making Pave the largest compensation data provider for private companies
- Coined and defined the 'CompTech' category as a new industry vertical
- On Deck Founders Fellow
- Named speaker at WorldatWork Total Rewards conference 2025

## Latest updates

- **2025-05** — Named speaker at WorldatWork Total Rewards 2025 conference, presenting on 'The Equity Renaissance: Reimagining Equity Programs'
- **2022-06** — Raised $100M Series C at $1.6B valuation led by Index Ventures and acquired Option Impact from Morgan Stanley
- **2022-06** — Pave became the largest compensation data provider for private companies in the world

## Links

- Website: https://pave.com
- LinkedIn: http://www.linkedin.com/in/matt-schulman-15911861
- Twitter/X: https://twitter.com/Matthewschulman
- Facebook: https://facebook.com/pavecomp/

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Profile page: https://yespress.io/matt-schulman
Published by YesPress — https://yespress.io
Last updated: 2026-05-25