Nextdoor -- a social network for geographically close contacts and affiliations -- just raised $110 million at a valuation of $1.1 billion. “The investors seem to believe that there is more
money to be had in small -- neighborhood-size – communities,” The New York Times reports. Yet, “Many Internet companies, including AOL, Google and Foursquare, have already homed in
on this market, with mixed success.”
Read the whole story at The New York Times »
