The key moments, with employee sentiment along the way.
2011
🌱
2011
The neighborhood network launches
Nirav Tolia and co-founders open an invite-only social network for verified neighbors.
Wikipedia
2015
🦄
2015
Joins the unicorn club
A funding round values the hyperlocal network above $1B.
TechCrunch
Nov 2021
📈
Nov 2021
The peak: a ~$5B SPAC debut$5B
Lists on the NYSE by merging with Khosla Ventures' SPAC; the debut values Nextdoor around $5B.
CNBC
2022
2022
The consumer-internet selloff
User growth underwhelms and SPAC-era social stocks fall out of favor.
CNBC
2022
💔
2022
Slips out of the club
The market cap drops below $1B within a year of listing.
Macrotrends
2022–24
💬
From the inside · Glassdoor reviews, 2022–24
Glassdoor reviews from the post-SPAC years tracked morale sliding with the share price: employees said their stock grants had lost most of their value, pointed to the 2023 layoffs, and described friction over a return-to-office mandate and repeatedly reshuffled product and ad-revenue strategies.
2023
2023
Cuts about a quarter of staff
A late-year restructuring trims roughly 25% of the workforce.
TechCrunch
Nov 7 ’23
Nov 7 ’23
More neighbors, a larger net loss
Q3 2023 weekly active users reach 40.4M, up 6% year over year. Net loss grows to $38M from $35M a year earlier.
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Nextdoor is a hyperlocal social network connecting neighbors and local communities, valued at ~$5B when it listed via SPAC in 2021. After going public, weak user growth and broader pressure on consumer-internet stocks drove a steep market-cap decline; it now trades around $0.6B (NXDR), roughly 88% below its peak.
Source: stockanalysis.com Mar 2026
Founder
Nirav Tolia
founder & CEO
Still there — Co-Founder and Chief Executive Officer · LinkedIn ↗
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
Disclosed investors (33)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
