Nextdoor

Nextdoor is a social networking service for neighborhoods in the United States. It allows users to connect with people who live in their neighborhood and nearby neighborhoods.

Nextdoor competes with other social networks such as Yelp, Yahoo Groups, Facebook and Google. It differentiates itself by limiting access to posts to the people in each neighborhood or those nearby, which can increase privacy. It has been characterized by The Washington Post as part of a wave of community focus in the United States.

History

Nextdoor was co-founded by Nirav Tolia, who based the company in San Francisco, California. Tolia had previously helped start Epinions. Early investors include Benchmark Capital, Shasta Ventures, and Rich Barton. As of February 2014, Nextdoor had 80 to 100 employees. In July 2012, Nextdoor raised $18.6M in venture capital funding.Dan Clancy (ex Google) joined Nextdoor in February 2014.

Business model

Nextdoor is venture capital funded. The company does not generate revenue yet. Nextdoor intends in the future to earn income by facilitating the exchange of goods and services in a manner similar to Craigslist. Recommendations of area resources are also provided, thus making it a competitor with another local services provider TaskRabbit. Chenda Ngak of CBS News has compared Nextdoor to a "College Bulletin Board."