Bohemia, NY (PRWEB) November 01, 2013
fishbat, a leader in social media agencies, responds to an article published by Mashable on October 29th, which reports that Nextdoor, a social media network aimed to connect neighbors, has raised $ 60 million in funding.
According to the Mashable article titled Nextdoor, a Network to Connect Neighborhoods, Raises $ 60 Million, the community centric social network has secured $ 60 million in funding from venture capitalists John Doerr and Lee Fixel.
Nextdoor is an up and coming social network, the article says. In fact, the growth has been enormous. The number of neighborhoods participating in the network is constantly increasing. So far, there are 22,500 neighborhoods signed up in 2013. After only two years into operation, the company is already valued at more than $ 500 million. In spite of the $ 500 million dollar evaluation, Nextdoor still does not generate revenue. Instead, the company is taking the slow methodical approach to growth that was successfully used by Facebook, Twitter, and LinkedIn.
Nextdoors CEO Nirav Tolia says the $ 60 million will be used to hire new employees, new engineers, increase adoption in Americas 100 largest cities and expand internationally.
Justin Maas, vice president of client relations at fishbat, a leader in social media agencies, says that concept behind Nextdoor is excellent. The goal of any new company should be to fill a void in the market or make something better, he says.
Nextdoor is a social media site that is unlike any other currently on the market. A lot of suggestions and services are promoted by your friends on social media, but how many of them are truly relevant to you? Nextdoor, in my opinion, solves this issue by packaging together localized versions of websites like Yelp and Facebook to keep you updated on the latest in your community.
Maas says that Nextdoor is showing all the signs of a successful social media network. Growing a social media network is a long and meticulous process. We see a lot of social media networks fail because the founders are not willing to take the time to properly grow the company before taking away the profits. The team at Nextdoor is doing everything right; Id expect Nextdoor to join the ranks of the social media giants by the end of the decade.
fishbat is a full-service online marketing company and social media agency dedicated to connecting all types of businesses with their target audiences in the most effective and efficient way. Through innovative strategies in social media management, search engine optimization (SEO), branding, web design, reputation management and public relations, fishbat promotes a consistent and professional online voice for all of its clients.