Nextdoor Holdings Inc (NYSE:KIND)
$ 2.42 0 (0%) Market Cap: 924.79 Mil Enterprise Value: 538.96 Mil PE Ratio: 0 PB Ratio: 2.00 GF Score: 60/100
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Nextdoor Holdings Inc Conversation with the SumZero Network Transcript

May 18, 2023 / 03:30PM GMT
Release Date Price: $2.31
Raj Shah

Thanks, everyone, for joining this morning or this afternoon, depending on where you are. My name is Raj Shah. I'm the Co-Founder of Stoic Point Capital Management based in Palo Alto in California. I'm pleased to have Sarah Friar, [Mike Doyle] from Nextdoor here, joining to have a chat about the business. The future of the industry and so forth.

I thought maybe I'd open it up with a few comments just to start with about why we think this is an interesting opportunity. Why we're excited to do this, what we've been wanting to do it for some time. One of the best tools we rely upon as investors is pattern recognition. And at Nextdoor, we see a great deal of parallels between the monetization journey that they are on and what we've seen out of other social media companies in the last decade plus.

However, we also recognize investors tend to be drawn to the shinier things that have maybe high engagement used by teenagers, a lot WAU growth. And they kind of just make the assumption that monetization is easy and we'll follow that. Conversely, investors tend to be skeptical of those that have

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