The SPAC Parade will run this short week with news that the community social network Nextdoor will be publicly published through a blank-check agency. Unicorn Khosla Ventures Acquisition Co. Will merge with II, will be self-disclosing and at the same time raise capital. Earlier in the day, the deal with Khosla-approved SPAC would cost about $ 686 million, including $270 million in public equity, including private investment or PIPE, some former Nextdoor investors (including Tiger), Nextdoor CEO Sarah Friars and Khasla By itself.
Significantly, Khasla Crunchbase or Pitchbook is not an investor listed per company, suggesting that even specs formed by venture capital firms can look beyond their parent portfolio. Following the disclosure of the next home, the transaction will be valued at the company as “Form Equity [Appraisal] valued at approximately $4.3 billion.” According to Pitchbook, the firm’s great value is that 2019 $ 2.17 billion by the end of 2019 at the end of Series H. These funds were invested in a flat $2 billion pre-money valuation.
So, will government investors have the opportunity to buy new, higher prices? To answer this we have to call back the spec investor of the company. So, will government investors have the opportunity to buy new, higher prices? To answer this we have to call back the spec investor of the company.
Our general observation is that while there is some regular annoyance at Nextdoor’s SPAC deck, it draws a clear view of the financial performance of the organization in terms of historical and what it may achieve in the future. Let’s get started. We will move forward through the deck in the sense of its original slide today and better understand the value of today’s company as well as its future value.
The company claims to have 27 million weekly active users (the neighbor in its own language), and about one in three U.S. households. The argument, then, is that Nextdoor has a scale. After a few slides, Nextdoor details his mission: “To build a kinder world where everyone can have shelter nearby.”