Serial entrepreneur Nirav Tolia is best known as the co-founder and CEO of Nextdoor, a hyperlocal social networking service. Nirav Tolia has a net worth of $50 million due to the success of Nextdoor, which is used by 280,000 active communities across the United States. Prior to that, he held executive positions at Round Zero, Epinions, and Shopping.com. Tolia is also a regular guest on ABC’s Shark Tank.
early life
Nirav was born into an Indian immigrant family that settled in Odessa, Texas. His exact date of birth is unknown, but he was born around 1973. There is limited information about his childhood.
After graduating from high school, Tolia attended Stanford University to study English literature, where he was exposed to new technologies that would influence his future career path.
Nirav became a performer and manager of the school’s a cappella group. Their group won the Grammy Award for College A cappella group, and Tolia met the founder of Yahoo! at the awards ceremony.
Career Start
The entrepreneur was approached to join Yahoo when it was still an early startup. Nirav agreed and joined the company as employee number 84. During his tenure, Yahoo experienced rapid growth and grew to over 10,000 employees.
For a while, he wanted to explore his ideas through entrepreneurship. One of his biggest successes after the transition was the creation of Round Zero, a community for businessmen.
In 1999, Tolia launched a comprehensive consumer review site called Epinions. After the dot-com bubble burst, Epinions suffered heavy losses. In 2003, Dealtime.com acquired Epinions for an undisclosed price.
Success
After the merger of Dealtime and Epinions, Shopping.com was formed and Nirav was chosen as COO. When it went public in 2005, the company was acquired by eBay for $620 million.
The money Tolia received from the deal helped him co-found Nextdoor in 2008. It is a social networking service built for communities and has become a huge success. The platform is now used in 11 countries and covers 90% of communities in the United States.
This success has made Nirav Tolia a well-respected entrepreneur in the business world. In 2021, he received an invitation to appear on the show Shark Tank as a guest investor. Although he has not appeared on many shows, he did make some deals, investing in HelloPrenup and SoaPen.
Net assets and earnings
The Texas business executive has run and invested in many successful startups. It goes without saying that Nextdoor is the main source of his wealth. In 2022, the social network had revenues of $213 million but lost about $137 million! Today, the company is valued at $1.2 billion.
Prior to this, he built his early wealth through Round Zero, Epinions, Shopping.com, and Yahoo! All of Nirav Tolia’s investments have brought his net worth to an estimated $50 million.
personal life
Nirav is married to his wife Megha Tolia. They have three children. The family prefers to keep a low profile, but they do share some pictures on Instagram. After a year’s break in Florence, they are now back home in San Francisco, California.
Categories: Shark Tank
Source: svlsf.edu.vn