INSUBCONTINENT EXCLUSIVE:
Nirav Tolia, CEO of Nextdoor, is stepping down from his role, Recode reports
For those unfamiliar with the company, Nextdoor is like a social network for your neighborhood
Though, over the years, there has been controversy around Nextdoor role in promoting racial profiling
Nextdoor later rolled out a new tool to address some of the issues around racial profiling.In an email sent to the team today, Tolia said he
starting to look for his replacement and once that happens, he will move into an active chairman role on the board, according to Recode.Here
a nugget from the email, obtained by Recode:Yet as Nextdoor evolves, the role of the CEO needs to evolve as well
The size of our footprint is growing larger and our organization is growing more complex
The time is right to find the next CEO for Nextdoor
With our board of directors, I will be leading the search to recruit a proven operator who can take our company to the next level
We will take our time to find the right person, so this process will likely take several months
During that period, I will continue to lead as CEO
When the next CEO is selected, I will become Chair of the Board where I will continue doing whatever I can to help us succeed.Nextdoor
raised $75 million at a $1.5 billion valuation last December, followed by an expansion into France in January.Update:The company has since
posted on its blog the full email:Just over eight years ago, I was blessed to be part of a group of seven friends who conceived of the idea
We were a tight-knit, ambitious group of co-founders who believed deeply in the power of community and dedicated ourselves to helping
neighbors everywhere create stronger, safer, happier places to call home.It is amazing to see how this simple but powerful mission has
inspired the company that Nextdoor is today
That first year, we worked tirelessly to convince 176 neighborhoods to adopt our platform
Since then, we have grown more than 1000X & we now serve over 200,000 neighborhoods across five countries & including nearly 90% of all
neighborhoods in the U.S.All of this has been made possible by the passion and hard work of each of our employees
Their dedication and commitment energizes me every single day
I&ve never been more excited about our team, including our recent additions of Chief Financial Officer and Chief Legal Counsel
It has been the honor of a lifetime to lead this company as CEO.Yet as Nextdoor evolves, the role of the CEO needs to evolve as well
The size of our footprint is growing larger and our organization is growing more complex
The time is right to find the next CEO for Nextdoor
With our board of directors, I will be leading the search to recruit a proven operator who can take our company to the next level
We will take our time to find the right person, so this process will likely take several months
During that period, I will continue to lead as CEO
When the next CEO is selected, I will become Chair of the Board where I will continue doing whatever I can to help us succeed.The future is
exceptionally bright for Nextdoor
We&ve never been more well-positioned to achieve our potential, both as a business and force for good in the world
Thank you for the last eight years, this has been one of the best experiences of my life
I will always be inspired by the amazing opportunity & and worthy mission & that makes our company truly special.With gratitude,Nirav
