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Matt Salefski

Co-founder and CEO @ Rectangle

Matt Salefski is a highly accomplished professional with a strong educational background, holding an MBA from the University of Michigan - Stephen M. Ross School of Business and a Bachelor of Science in Finance from the Gies College of Business at the University of Illinois Urbana-Champaign. Matt has an extensive career history, having held various senior product management positions at reputable organizations and also having co-founded his own venture.

Matt's professional journey includes key roles such as Co-Founder and CEO at Rectangle, Manager and Senior Product Manager at Nuro and Flexport, Principal Product Manager at Transfix - Digital Freight Marketplace, Group Product Manager, Senior Product Manager, and Product Manager at Betterment, Senior Product Manager at Amazon, and Product Manager Intern at Amazon. Additionally, he has experience as an Analyst in Global Structured Products at Nuveen Investments and as a Consultant at Protiviti.

Highlights

Jul 28 · linkedin

More banana 🍌 talk.

I went to Trader Joe's this morning and had to check out the price of bananas. Two things I noticed:

(1) If you zoom in, organic bananas are $0.06 more expensive than artificial bananas (or whatever the opposite of "organic" is supposed to be). (2) The price elasticity of bananas must be pretty high. Even at a store like TJs where customers are more likely to prefer organic bananas, there are a bunch of more expensive organic bananas on the shelf vs the less expensive artificial bananas.

This might explain why the price of bananas remains low relative to other fruits and veggies. People just aren't willing to pay a premium for bananas, despite the fact that bananas are the best fruit.

Jul 23 · linkedin

On a lighter note, the mini Weinermobile rolled over near Chicago yesterday. I haven't spent much time thinking about the logistics of hot dogs but I have to imagine this would certainly result in an exception.

Image credit: Roger Gonzales, Facebook

Matt Salefski
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Location

Chicago, Illinois, United States