Building a Marketplace Business: Challenges and Potential

Joseph Woodbury is the Co-Founder and CEO of Neighbor, a hyperlocal marketplace for storage, which allows people to monetize extra space in their homes and garages. The company has raised $65M from the top marketplace investors in the world, including a16z and the founders of Uber, DoorDash, and StockX.

We talked about:

• His experience building the company as a college student
• Joseph's vision for Neighbor, how they are starting with storage like Amazon started with books
• The importance of great co-founders and clearly defining roles early on
• The growth curve of consumer marketplaces and why it's the next stage of Utah tech 
• Staying true to your values as an entrepreneur and building a product that you are proud to stand behind

By bringing neighbors closer through the simple act of storage, Joseph and the team at Neighbor are strengthening local communities. He is an incredibly thoughtful, down-to-earth entrepreneur, and I took so many valuable lessons from his story. Check out the Seed Stage Stories medium page for the key takeaways!