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Matthew is Managing Partner of Machina Ventures, an investment firm focused on early stage, artificial intelligence and data science enabled companies. He is also a Lecturer at UC Berkeley, Haas School of Business. Matthew is a Director on the Board of Family Zone (ASX:FZO), a leading cyber security company keeping children safe.Until recently, Matthew was Vice President, Business Operations and Strategy at Google, where he led and incubated strategic initiatives, especially mission-driven projects with high social impact. Since joining the company in 2007, he led efforts ranging from expanding internet access, developing clean energy, strengthening freedom of expression and democracy, innovating in robotics, establishing novel pricing strategies and extending Google’s footprint in emerging markets, especially Africa.Prior to joining Google, Matthew was Vice President, Pharmacy for drugstore.com, a leading online health and beauty retailer, and previously, Chief Operating Officer for WorldRes, a leading online hotel reservation network. He was a management consultant with McKinsey & Company for over 5 years, serving clients in the healthcare, financial services, energy and technology sectors. He was also a systems consultant with Price Waterhouse. In addition, he co-founded CyberJava, one of the first Internet cafes, and was a freelance software programmer from an early age.Matthew holds a Juris Doctorate from UCLA School of Law. He has Bachelor of Science degrees in Computer Engineering and Management from Case Western Reserve University. He served on the Board of World Affairs Council and is an inaugural Disruptor Foundation Fellow. He advises many nonprofits, including New America and Human Rights Watch. Matthew is a member of the California State Bar.
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Managing PartnerMachina Ventures Oct 2017 - PresentSan Francisco, Ca, Us -
LecturerUniversity Of California, Berkeley, Haas School Of Business Apr 2017 - PresentBerkeley, Ca, Us -
TrusteeKnight Foundation Jun 2023 - PresentMiami, Florida, Us -
Board MemberFamily Zone Cyber Safety May 2020 - PresentPerth, Au -
AdvisorAircapture Jun 2022 - PresentBerkeley, Ca, Us -
AdvisorAkash Systems Jan 2018 - PresentSan Francisco, Ca, Us -
Vice President, Business Operations & Strategy (Special Projects)Google Mar 2007 - Feb 2016Mountain View, Ca, UsLed and incubated strategic initiatives at Google, especially mission-driven projects with high social impact. Led efforts ranging from robotics, expanding Internet access, developing clean energy, strengthening freedom of expression and democracy, and extending Google’s footprint in emerging markets.-- Helped define the robotics product strategy and organization-- Oversaw an investment in a satellite constellation (O3b) to provide Internet access to remote and underserved regions, as well as worked with the FCC to develop technology to dynamically manage wireless spectrum and improve connectivity especially in rural and underserved areas.-- Incubated internet access businesses, including Google Fiber (gigabit home service in the US) and Project Link (fiber metro ring in Kampala, Uganda).-- Drove Google’s commitment of over $1.5 billion of investments in renewable energy projects capable of generating 2 gigawatts of power, as well as projects to reduce Google's environmental footprint through onsite renewables and energy efficiency measures.-- Led effort to establish Google Ideas, a think/do tank addressing global challenges such as violent extremism, repressive societies and illicit networks through research, seeding initiatives, and convening thought-leaders.-- Led Google’s philanthropic arm, Google.org, and Google for Nonprofits.-- Led Google’s Civics team, including Elections and Crisis Response projects. Addressed the US Conference of Mayors and the White House on the role of technology in cities and democracy.-- Launched Google in Sub-Saharan Africa, opening 5 offices in the region.-- Created Pricing function within the company, for all non-auction products. -
TrusteeWorld Affairs Council Of Northern California 2012 - 2015San Francisco, Ca, Us -
General Manager/ Vice President, PharmacyDrugstore.Com May 2005 - Mar 2007Bellevue, Washington, UsGeneral Manager responsible for over $200 million pharmacy and vision segments, representing approximately half of the revenue of drugstore.com, the leading online heath and beauty retailer. Reported directly to CEO, and presented regularly to the Board. Officer of a publicly traded company.-- Responsible for segment P&L. Managed marketing, account management and sales teams. Indirectly responsible for pharmacy operations which processed over 800,000 prescriptions per year. Maintained licensing in 50 states and compliance with FDA/DEA.-- Improved profitability of business while maintaining growth. Increased profit contribution of pharmacy business by over 20%, increasing margin per order by over 60%.-- Launched healthcare content and Web 2.0 initiatives, including strategic partnership with WebMD, to develop new advertising revenue streams and deeper engagement with customers.-- Managed direct-to-consumer pharmacy business with over $150 revenue, managing search engine and email/ direct mail marketing. Improved pricing and promotions to increase profitability of customers.-- Negotiated and implemented relationships with Pharmacy Benefit Management (PBM) partners, providing mail order pharmacy services to their members. Negotiated and launched partner generating over $8 million in revenue annually.-- Grew Flexible Saving Account (FSA) program by over 50% per year by launching new partnerships. -
Ceo/ FounderBig World Travel Llc Jul 2004 - Apr 2005Designed, developed and implemented an online travel business using innovative two-way auction. Covered over 100,000 properties in 15,000 destinations around the world (beta site launched December 2004). Implemented offshore call/ operations center.Initiated merger bid for major online travel company through leveraged MBO (unsuccessful).
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Chief Operating OfficerWorldres Apr 2000 - May 2004Dublin City, County Dublin, IeManaged teams as large as 50 and lead most business functions within WorldRes, a leading online hotel reservation network booking $250 million annually for 35,000 hotels around the world through thousands of distribution partners such as AOL, Sabre, Yahoo, Delta and Opodo.-- More than doubled revenue per transaction and dramatically improved cash flow from operations while retaining over 90% of hotel customers.-- Revamped Sales and Account Management functions, adding over 15,000 properties and turning around the distribution network, signing 40 contracts within 6 months.-- Led effort to drastically reduce costs by over 60% through fewer staff and outsourcing Customer Support and phone sales functions. Through all these efforts, WorldRes expects to reach breakeven the second half of 2004.-- Led Marketing and Strategy functions. Developed marketing plans, conducted market research and tests, including pricing and promotions (e.g., Low Price Guarantee and rebates). -
Engagement ManagerMckinsey & Company Dec 1990 - Mar 2000Us-- Led development of e-commerce strategy and rapid implementation plan for a major healthcare payor/provider. In addition, recommended organization structure, prepared marketing plans/materials and facilitated strategic discussions.-- Led development of business model and technology recommendation, including web-based options, for managing customer and supplier contracts for a major drug distribution company.-- Led four teams to optimize materials purchasing and supply chain management for a leading electronics contract manufacturer, implementing over $20 million in savings over 60 days, and an additional $50m in 3 more months.-- Developed frameworks and findings regarding the emerging role of information technology in disease management. Finalist in McKinsey Practice Olympics.-- Developed IT strategy and evaluated outsourcing options for a multinational pharmaceutical company based in Europe. Worked in the US and Europe to drive consensus around the global IT strategy. -
Co-FounderCyberjava Jun 1995 - Dec 1998-- Co-founded Internet retail and web development/ hosting services company based in Los Angeles.-- Featured in major national and foreign media including BusinessWeek, Time, USA Today, CNN and LA Times.-- Taught classes to over 1000 people on Internet use and technology. -
Associate (Systems Consultant)Price Waterhouse Sep 1988 - May 1990Gb-- Worked with software engineering teams to implement and validate large mainframe-based customer management system for a major utility client.-- Performed EDP audit of a State government financial systems.Worked in Cleveland and San Francisco offices.
Matthew Stepka Skills
Matthew Stepka Education Details
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University Of California, Los Angeles - School Of LawLaw -
Case Western Reserve UniversityCompute Engineering -
St. Ignatius -
Iwa
Frequently Asked Questions about Matthew Stepka
What company does Matthew Stepka work for?
Matthew Stepka works for Machina Ventures
What is Matthew Stepka's role at the current company?
Matthew Stepka's current role is Investor/ Board Member.
What is Matthew Stepka's email address?
Matthew Stepka's email address is ma****@****ail.com
What is Matthew Stepka's direct phone number?
Matthew Stepka's direct phone number is +172469*****
What schools did Matthew Stepka attend?
Matthew Stepka attended University Of California, Los Angeles - School Of Law, Case Western Reserve University, St. Ignatius, Iwa.
What skills is Matthew Stepka known for?
Matthew Stepka has skills like Strategy, Start Ups, E Commerce, Business Development, Marketing, Business Strategy, Mergers And Acquisitions, Sales, Strategic Partnerships, Product Marketing, Management, Mobile Devices.
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