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"How Nextdoor Became a Missed Opportunity for Benchmark's Gurley"

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The Information’s team of technology and finance reporters were the first to report on Benchmark VC Bill Gurley pushes for Nextdoor co-founder Nirav Tolia's return as CEO, aiming to revive the neighborhood social network's value that plummeted post-IPO. Gurley, known for hands-on involvement, seeks to stabilize teetering investments as once-prominent startups face challenges. Both stand to gain substantially if they can turn Nextdoor around amid slowed growth and profit issues.

 

The Takeaway

• In 2018, Nextdoor had been in sale conversations with suitors including Google, though it’s unclear whether an offer was made

• Gurley’s desire to bring Tolia back is latest example of VCs stepping in to stabilize souring bets

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