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Portfolio February 12, 2013

Moving in to Nextdoor

By and

When we first invested in Nextdoor last year we were thrilled to start working with Nirav, Sarah, Prakash and the team to join the mission of connecting neighborhoods and communities everywhere.  As we believed then, LinkedIn and Facebook have continued to thrive connecting people around their professional and personal lives, but there is a big missing opportunity to connect us more deeply to our local neighborhood. Or maybe better said – there WAS.

Nextdoor’s growth has accelerated over the past year with now over 8,000 neighborhoods, up from <3000 when we first invested. Entirely new kinds of interactions are commonplace within Nextdoor neighborhoods that you don’t see in other social platforms.  We have seen countless communities coming closer together  around urgent crime reports, sharing needed recommendations for babysitters, plumbers, or gardeners, and organizing support for someone frail or ill.

During this time we’ve also been able to work closely with the team to help them navigate this journey. Our talent team has seen and supported the growth of their strong engineering team. We’ve both worked closely with the teams on product strategy and Josh has become a virtual member of their growth team. These interactions have only served to strengthen our conviction in the thoughtfulness of the team’s approach to creating communities and balancing of safety and privacy for users.

Finally, the launch of Nextdoor 2.0 is the culmination of what we loved about the team – data driven, observations of actual usage, and building the product to support growth and great interactions. We LOVE the product focus of the team.

Between the impact that we’re already seeing Nextdoor have on active neighborhoods and communities, and the progress and rapid growth of the company, we’ve only become more confident in the team’s ability to capitalize on this opportunity.  We’re excited to be leading the company’s latest round of financing with David joining the Board of Directors and are looking forward to working even more closely with Nirav, Sarah, Prakash and the team to build a long-term company connecting neighbors worldwide.

If you haven’t yet, we encourage you to join your neighborhood on Nextdoor and see what is just starting to happen.

 

“Entirely new kinds of interactions are commonplace within Nextdoor neighborhoods that you don’t see in other social platforms.”