This special edition of the Sherpa Café was emailed to my premium subscribers. It is now accessible to everyone. Sharing this information for those interested in Nextdoor, the social media platform…
My Investment Thesis
Social network that operates at the neighborhood level
On July 6, announced they are going public via a SPAC
Deal led by Vinod Khosla
You can now purchase the stock under ticker symbol KVSB
That will change to KIND when the merger is complete
Sarah Friar, CEO, is the most compelling reason to buy this stock (see below)
She is a purpose-driven leader who is building a purpose-driven company (ESG)
Nextdoor is founding the Nextdoor Kind Foundation, a nonprofit that will invest in neighborhoods to help them thrive.
Her leadership team appears to be hand-picked to achieve great things
The merger will infuse $686 million into the company
Accelerate growth and monetization potential
Greater visibility and research coverage
Sarah Friar is the CEO of Nextdoor. She previously served as the CFO of Square, a financial technology company that offers payment processing to point of sale, hardware to software, business loans to payroll and more. Sarah joined Square in July 2012 from salesforce.com, where she served as SVP of Finance & Strategy. Prior to salesforce.com, Sarah worked at Goldman Sachs for over 10 years. She previously worked for McKinsey in both London and South Africa. Sarah sits on the Boards of New Relic (NEWR), a software analytics company, Slack, a business communications platform, and is the vice-chair of the Board of Spark, a nonprofit passionate about changing the lives of at-risk middle schoolers through mentorship. Sarah is a Fellow of the inaugural class of the Finance Leaders Fellowship Program and a member of the Aspen Global Leadership Network. She earned her MEng in Metallurgy, Economics, and Management from the University of Oxford and her MBA from the Stanford University Graduate School of Business, where she graduated as an Arjay Miller scholar.