Her majesty, queen of internet... Venture capital icon Mary Meeker just handed an internet company a $170M check. Must be nice, Nextdoor. The SF-based app is now worth $2.1B as it scales across ~~continents~~ neighborhoods. By connecting you with humans who live nearby, it introduces people online who might meet up offline.
- The business model: Get people to join the localized social network, then stick ads into the feed (sounds like Facebook).
- The verification: To join one of Nextdoor's 247K neighborhoods, you have to prove you are who you are and you live where you live (the opposite of Facebook) — they call you when you download the app to confirm.
- The connections: Hyper-local. Does anyone have a ladder I can borrow? Anybody want lasagna (don't want to throw it away)? Who's down for a game of Madden 2018? Alert - burglar spotted on Gough Street -- lock your doors.
Who might acquire Nextdoor?... It's selling shares at a healthy unicorn valuation and could IPO someday, like its roll-ish model Facebook did. Or business could turn south and it could fail. Or... it could get acquired. Here's how Nextdoor could have strategic value to a bigger buyer.
- Google: You open Maps like 3 times a day. Adding juicy neighborhood details could boost engagement
- IAC: The internet startup collector owns Handy, and could partner the handyman gig platform with Nextdoor.
- Yelp: Local reviews should include references for that nice guy who mows lawns.
Tweet us who you think could acquire Nextdoor @RobinhoodSnacks