Matt Ehrlichman
Matt Ehrlichman is the Founder and CEO at Porch, a software and homeowners insurance platform. He previously founded Thriva, which was acquired, and served in executive strategy roles at The Active Network. He has expertise as a technology entrepreneur and CEO.
Porch Group completes $100M acquisition of Homeowners of America to expand national home-insurance footprint
Porch Group completed its $100 million acquisition of Homeowners of America Inc., aiming to expand aggressively into the national home insurance market while it continues working toward profitability. The deal is Porch's largest since its 2020 IPO as the company raised 2021 revenue guidance and reported narrower net losses for 2020.
SPACs Let Founders Reach Public Markets Faster and Keep Larger Equity Stakes, Say Startup Observers
The article explains how SPACs (special purpose acquisition companies) let founders and early employees reach liquidity faster and often retain larger ownership stakes than through later-stage VC or private equity rounds. Using examples like Sana Biotechnology and Seattle entrepreneur Sujal Patel, it argues SPACs can preserve founders' equity by bypassing dilutive funding rounds.
Porch airs surprise 30-second Super Bowl ad in Seattle area after 2020 SPAC IPO that raised $322M
Seattle-based home-services software company Porch aired a surprise 30-second Super Bowl ad in the extended Seattle area after going public via a SPAC in late 2020, having raised over $322 million and completed multiple acquisitions while reporting a 2020 net loss of $53–55 million.
Porch Group, three weeks public, buys Homeowners of America for $100M, reports $53–$55M 2020 loss and boosts 2021 revenue outlook to $170M
Three weeks after its Dec. 24 public debut via SPAC, Porch Group announced four acquisitions — including a $100 million deal for Homeowners of America — raised its 2021 revenue outlook to $170M, and reported a preliminary 2020 net loss of $53–$55M, about $20M worse than prior guidance.
Porch Group (PRCH) Raises $322M, Debuts on Nasdaq with $1B+ Valuation After SPAC Merger
Seattle-based home services technology company Porch (now Porch Group) went public via a SPAC merger and private investment, raising more than $322 million and debuting with a market value above $1 billion at $15 per share. Founder and CEO Matt Ehrlichman marked the Nasdaq opening bell on Dec. 24, 2020, and the company will trade under ticker PRCH.
Porch names five new board directors ahead of $523M SPAC merger, will trade as PRCH with Ehrlichman as CEO
Seattle-based Porch named five new directors who will join its board when the company goes public later this year via a SPAC merger valuing Porch at $523 million; the combined company will trade as PRCH with Matt Ehrlichman remaining CEO and chairman.
Porch to Merge with PropTech Acquisition Corp. in SPAC Deal Valuing Company at $523M; to Trade as PRCH
Porch, a Seattle-based real estate tech and home-improvement marketplace, will go public via a SPAC merger with PropTech Acquisition Corp. at a $523 million valuation, receiving a $150 million investment and an expected $205 million cash balance while projecting revenue growth and narrowing losses.
Kandela sues Porch and CEO Matt Ehrlichman for $11.5M, alleging fraud over earnout after April 2019 acquisition
Kandela, a Los Angeles moving-concierge startup acquired by Porch in April 2019, sued Porch and CEO Matt Ehrlichman in Los Angeles County Superior Court alleging fraud and breach of contract aimed at denying Kandela its earnout, seeking $11.5 million plus punitive damages.
Organizations
See all 5-
Porch Group Executive Officer, Director 2021–present, Founder, CEO 2012–present · current
-
Porch Founder, CEO · current
-
The Active Network Chief Strategy Officer 2011–2012, Executive Vice President, Strategy 2009–2011, VP Strategy 2007–2009 · past
Education
-
Stanford University BS, Entrepreneurial Engineering · 1998–2003
-
Stanford University MS, Management Science Engineering · 1998–2003
