Online consumer marketplace veteran brings over two decades of experience to his new role of Independent Director of the Board
On a mission to make trading-in your home as easy as trading-in your car, Knock announced that Jed Nachman, Chief Operating Officer of Yelp Inc. – the company that connects people with great local businesses – has joined its Board of Directors.
“We’re incredibly excited to welcome Jed to the Board of Directors at Knock, where we’re building the next great consumer brand by transforming one of the most outdated and stressful processes in the U.S.: Home buying and selling,” said Sean Black, Co-founder and CEO of Knock. “Jed’s depth of consumer experience at a recognized company like Yelp will bring extensive value to our team as we continue to look for ways to further enhance our customers’ experiences.”
One of Knock’s original investors, Nachman brings over two decades of corporate and revenue leadership experience at consumer-facing brands to his new role. He has been an executive at Yelp since early 2007, most recently in the role of Chief Operating Officer and prior to that Chief Revenue Officer. During his tenure at the company, Yelp’s annual revenue has grown from approximately $1 million to nearly $1 billion, and the company underwent an initial public offering in 2012.
“I’m proud to be joining the Board of Directors at a company like Knock that is disrupting the complex real estate industry for the benefit of consumers,” said Nachman, “Knock clearly values consumer experience. Its hundreds of four and five star reviews on both Zillow and Trulia place it in a rarefied space for a consumer-facing company, and I look forward to helping them take that approach to the next level to help even more people across the U.S.”
Nachman’s experience and insights hold incredible value for Knock as it continues its rapid growth. The company announced that it raised $400 million in Series B equity in debt in January 2019, and plans to leverage that capital to drive its expansion to new markets, and advance the technology behind its unique Home Trade-in platform.
Prior to Yelp, Nachman held senior roles at Yahoo! HotJobs. He is an active tech investor and advisor, and also serves on the Board of Directors for Evercommerce. Additionally, Nachman is an active real estate investor. Jed resides in Marin County with his two children and wife Honey, who has been a real estate agent for the past 17 years.
Knock (www.knock.com) is the first online Home Trade-in platform, a revolutionary new approach to home buying and selling that makes it as easy to trade-in your home as it is to trade-in your car. Launched by founding team members of Trulia.com, the company uses data science to price homes accurately, technology to sell them efficiently and a dedicated team of Licensed Local Experts to guide consumers through every step of the process. Knock has raised over $600 million in debt and equity, closing its Series B in January 2019, from top tier investors including RRE Ventures, Foundry Group, Redpoint, Greycroft, Corazon Capital, Correlation Ventures, Great Oaks Venture Capital and FJ Labs. The company has offices in New York, San Francisco, Atlanta, Charlotte, Raleigh-Durham, Dallas, Fort Worth and Phoenix, with several more on the way.