An Interest In:
Web News this Week
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
Some of Our Sources
- Engadget
- Mashable
- Simplebits
- The Logo Smith
- Abduzeedo
- Fudge Graphics
- Web Resource Source
- Android Headlines
- Hashedout
- The Verge
Help Webnuz
Referal links:
October 29, 2013 05:04 pm GMT
The “local space” has long held sway over the imagination of entrepreneurs, who have produced everything from travel apps to city guides, neighborhood news sites and event planners in pursuit of local dollars. But local is a tough nut to crack, with many high-profile companies stumbling along the way, including EveryBlock, Patch and YardSellr to name a few. Nextdoor is one of a handful of companies that has managed to thrive in the local market, and a growing list of investors are betting that the “Facebook for your neighborhood” could be the next big social network. With 22,500 neighborhoods (and one-in-seven in the U.S.) now using Nextdoor to create private websites where locals can ask questions, get to know one another and exchange advice and recommendations, Nextdoor is ready to go international. To do so, the startup has secured a whopping $60 million round in Series C financing from veteran investors, including John Doerr and Mary Meeker of Kleiner Perkins Caufield & Byers (KPCB) and Lee Fixel of Tiger Global Management. The round, which brings the startup’s funding to over $100 million, also includes Comcast Ventures, as well as Nextdoor’s previous investors, Benchmark, Greylock Partners, and Shasta Ventures. Now two years from lauch, Nextdoor has seen its customer base increase by 400 percent over the last twelve months, CEO and founder Nirav Tolia tells us. With big names like eBay, Facebook, Google and craigslist all playing in the potentially winner-takes-all social networking space, Nextdoor has managed to find an audience by focusing on becoming a support group for your local neighborhood. “We believe that Nextdoor has the opportunity to be for our local life what Facebook is for our social life and what LinkedIn is for our professional life,” Tolia says. With its 400 percent growth over the last year to 22,500 neighborhoods, the startup is now growing at a similar rate to Facebook, Twitter and LinkedIn when they were at a similar point in their development. While the CEO declined to share particulars, he says that the startup’s new round pegs it a fairly similar valuation to the social networking giants — not quite at $1 billion, but “healthy.” Since the launch of v2.0 in February, the local social network has been focused on increasing the opportunities for engagement by allowing users to view and post messages with closely bordering neighborhoods, for example. Initially, users could only post messages
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_oprVkyeYeI/
NextDoor, The Facebook For Your Neighborhood, Lands $60M From John Doerr, Tiger Global And More To Go International
The “local space” has long held sway over the imagination of entrepreneurs, who have produced everything from travel apps to city guides, neighborhood news sites and event planners in pursuit of local dollars. But local is a tough nut to crack, with many high-profile companies stumbling along the way, including EveryBlock, Patch and YardSellr to name a few. Nextdoor is one of a handful of companies that has managed to thrive in the local market, and a growing list of investors are betting that the “Facebook for your neighborhood” could be the next big social network. With 22,500 neighborhoods (and one-in-seven in the U.S.) now using Nextdoor to create private websites where locals can ask questions, get to know one another and exchange advice and recommendations, Nextdoor is ready to go international. To do so, the startup has secured a whopping $60 million round in Series C financing from veteran investors, including John Doerr and Mary Meeker of Kleiner Perkins Caufield & Byers (KPCB) and Lee Fixel of Tiger Global Management. The round, which brings the startup’s funding to over $100 million, also includes Comcast Ventures, as well as Nextdoor’s previous investors, Benchmark, Greylock Partners, and Shasta Ventures. Now two years from lauch, Nextdoor has seen its customer base increase by 400 percent over the last twelve months, CEO and founder Nirav Tolia tells us. With big names like eBay, Facebook, Google and craigslist all playing in the potentially winner-takes-all social networking space, Nextdoor has managed to find an audience by focusing on becoming a support group for your local neighborhood. “We believe that Nextdoor has the opportunity to be for our local life what Facebook is for our social life and what LinkedIn is for our professional life,” Tolia says. With its 400 percent growth over the last year to 22,500 neighborhoods, the startup is now growing at a similar rate to Facebook, Twitter and LinkedIn when they were at a similar point in their development. While the CEO declined to share particulars, he says that the startup’s new round pegs it a fairly similar valuation to the social networking giants — not quite at $1 billion, but “healthy.” Since the launch of v2.0 in February, the local social network has been focused on increasing the opportunities for engagement by allowing users to view and post messages with closely bordering neighborhoods, for example. Initially, users could only post messagesOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/_oprVkyeYeI/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch