It seems a piddling little company with a 10th of the promise of Square. Even with her as CEO it doesn’t seem it has anywhere significant to go.
I disagree, Saul. I think Nextdoor holds a lot of potential for local advertisers. This is from last year, but the company at the time was receiving a $1.5 billion valuation in fund raising rounds.
Nextdoor, the neighborhood social networking site, raised about $75 million in a funding round, The Information reported, estimating that the valuation is $1.5 billion. The round was confirmed by TechCrunch.
This adds to the over $200 million that the San Francisco-based company has raised, dating back to 2010. Its last reported round was in early 2015 at a $1.1 valuation.
From https://techcrunch.com/2017/12/11/nextdoor-raised-about-75-m…
About 18 months ago the former CEO was projecting to have a 100M users by 2020. Could not find a recent and relaible estimate for how many active users they have now.
While not giving a specific number, Tolia told Adweek it has “tens of millions of regular users,” 50 percent of which use the brand’s mobile app. He said that 40 percent utilize the platform every day, while 70 percent employ it once a week.
“Certainly by this time next year,” he said, “we should be as large as Twitter. Two years from now, we should be as large as Snapchat. We think, ultimately, by 2020 we’ll have 100 million active users in the U.S. alone.”
From https://www.adweek.com/digital/why-nextdoor-believes-it-can-…
I don’t know, I think this is a company to watch though.
Matt
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