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Why Did Allbirds Fail? - by Gad Allon - Gad’s Newsletter

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Last week, Allbirds announced it had signed a definitive agreement to sell all of its assets and intellectual property to American Exchange Group for $39 million.

Why Did Allbirds Fail? Gad Allon Apr 13, 2026 51 8 2 Share Last week, Allbirds announced it had signed a definitive agreement to sell all of its assets and intellectual property to American Exchange Group for $39 million. The company that had raised $303 million in its November 2021 IPO surged to a $4.1 billion valuation on its first day of trading and was the unofficial shoe of Silicon Valley and the poster child of sustainable consumer brands. That company was selling for roughly a penny on the dollar. Thanks for reading Gad’s Newsletter! Subscribe for free to receive new posts and support m

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