Seed Stage Stories
Joseph Woodbury: Scaling a Consumer Marketplace and Strengthening Local Communities
Oct 28, 2022
Joseph Woodbury, Co-Founder and CEO of Neighbor, discusses scaling a consumer marketplace and strengthening local communities through Neighbor, a hyperlocal marketplace for storage. Topics include his experience building the company as a college student, staying true to your values as an entrepreneur, the growth curve of consumer marketplaces, and the importance of great co-founders.
43:26
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Quick takeaways
- Neighbor aims to strengthen local communities by enabling people to monetize extra space in their homes and garages through a hyperlocal marketplace for storage.
- Joseph Woodbury highlights the potential of marketplace businesses to disrupt industries, emphasizing Neighbor's mission to empower communities economically and foster stronger connections among neighbors.
Deep dives
Starting Neighbor: From Brilliant Idea to Viable Business
Joseph Woodberry and his co-founders stumbled upon the idea for Neighbor when they faced challenges finding storage units and realized the potential of utilizing empty spaces in neighborhoods. They started building the Neighbor platform during their senior year of college and eventually left their jobs to pursue the startup full time. Through creative and non-scalable tactics like attaching dollar bills to flyers and distributing water bottles with the app's information, Neighbor gained traction. The company secured funding and expanded nationwide, offering a hyper-local community-centric marketplace beyond storage.
