Bird is the word
The wooly mammoth of trendy sneakers, Allbirds, just raised a $50 million Series C which is valuing the company somewhere around $1.4 billion. Allbirds is the latest direct-to-consumer with a cult following to expand to brick-and-mortar operations (think Warby Parker, Casper, etc.). They have intentions to aggressively expand into Europe and Asia, but this made us ponder, is there truly enough room in the market shoe closet? Now we are not saying they won't be a "Success", they are doing very well. We are just curious if they will enter the Valhalla of shoes and sit among the the Nike and Adidas of the world. So we want your thoughts.