4 ms·

So, we're doing fashion startups now? Seriously though, I have no idea how valid Allbirds sustainability credentials are. They are, however, like slippers I ca

by ddek 5y ago

So, we're doing fashion startups now? Seriously though, I have no idea how valid Allbirds sustainability credentials are. They are, however, like slippers I can wear outside. Mine are two years old and have almost no signs of age. Price point is about normal for my shoes. I'm a fan.

deberon 5y ago
Software is ubiquitous, us technologists work in way more industries than "tech".
- drjasonharrison 5y ago
  And the assumption that "tech" ends at the browser, cloud, or digital device is rooted in ignorance about how consumer goods are created from the "raw inputs"
  - lotsofpulp 5y ago
    The big difference is whether or not the product has near zero marginal costs, network effects, and/or large moats due to copyrights and patents. From a valuation perspective these factors greatly affect how much money can be made.
  - md_ 5y ago
    OK, so serious question: what's the cool tech in Allbirds? I'm willing to buy that the wool sneakers are technologically innovative, but my gut instinct is that the S-1 is on HN because, somehow, we've all become convinced that direct-to-consumer businesses are "tech adjacent." Like, what about that DTC toothbrush company? Or those guys who sell disposable razors? Or the online viagra salesmen whose ads are all over the MTA? Somehow, investors have become convinced these are tech companies ("democratizing access to consumer goods?") that should be valued at whacky p/e ratios, instead of yet another online commodity retailer.
    - marc__1 5y ago
      from the filing: ◦New materials. Our successful track record of commercializing and bringing to market new innovations has made us a desirable partner for many outside R&D companies and vendors, allowing us to be first to market with novel materials while accelerating development timelines and reducing costs. A recent example is our collaboration with Natural Fiber Welding, Inc. to commercialize a 100% natural, plant-based leather-alternative. As we continue to build our library of materials, we plan to create new, differentiated products, as well as leverage new materials across our existing product platforms by refreshing our classic silhouettes. We estimate that a standard pair of sneakers results in a carbon footprint of 14.1 kg of CO2e. Today, through our use of renewable, natural materials and responsible manufacturing, the average pair of Allbirds shoes has a carbon footprint that is 30% less than our estimated carbon footprint for a standard pair of sneakers, and we offset the entirety of the rest to provide our customers with carbon-neutral products. Furthermore, we believe in the power of selective industry collaboration to accelerate progress, as evident by our partnership with adidas to unveil the world’s lowest carbon footprint running shoe at 2.94kg of CO2e in May 2021. This partnership, as well as our decision to open up the carbon-negative, green EVA used to make SweetFoam, and our carbon footprint methodology demonstrates our ability to scale our impact to the broader industry and beyond, while extending our brand’s leadership as a sustainability innovator. For example, in 2018, with the help of our partner, Braskem S.A., the petrochemical company and a leading biopolymers producer, we pioneered a carbon-negative green EVA made with Brazilian sugarcane, as an alternative to traditional EVA made from petroleum. We used this new carbon-negative green EVA to create SweetFoam, which is now in all of our shoe soles.
      - deleted 5y ago
        [deleted]
  - ericd 5y ago
    Well, "tech" is short for "high technology", which typically means the bleeding edge. I'm certain that parts of modern shoe manufacturing are very novel, especially around materials science, but is its bleeding-edge-ness its defining characteristic, like it has been for eg computing? Because from where I'm sitting, it looks like they're making sneakers only very slightly differently than Nike has been for many decades, using a different foam resin supplier that claims to make it out of sugarcane feedstock rather than petroleum, and some nice claims of using recycled bottles for laces to make it so that their customers can feel a little better about buying fairly disposable shoes made from polymer foam.

by ddek 5y ago

deberon 5y ago

Software is ubiquitous, us technologists work in way more industries than "tech".

drjasonharrison 5y ago
And the assumption that "tech" ends at the browser, cloud, or digital device is rooted in ignorance about how consumer goods are created from the "raw inputs"
- lotsofpulp 5y ago
  The big difference is whether or not the product has near zero marginal costs, network effects, and/or large moats due to copyrights and patents. From a valuation perspective these factors greatly affect how much money can be made.
- md_ 5y ago
  OK, so serious question: what's the cool tech in Allbirds? I'm willing to buy that the wool sneakers are technologically innovative, but my gut instinct is that the S-1 is on HN because, somehow, we've all become convinced that direct-to-consumer businesses are "tech adjacent." Like, what about that DTC toothbrush company? Or those guys who sell disposable razors? Or the online viagra salesmen whose ads are all over the MTA? Somehow, investors have become convinced these are tech companies ("democratizing access to consumer goods?") that should be valued at whacky p/e ratios, instead of yet another online commodity retailer.
  - marc__1 5y ago
    from the filing: ◦New materials. Our successful track record of commercializing and bringing to market new innovations has made us a desirable partner for many outside R&D companies and vendors, allowing us to be first to market with novel materials while accelerating development timelines and reducing costs. A recent example is our collaboration with Natural Fiber Welding, Inc. to commercialize a 100% natural, plant-based leather-alternative. As we continue to build our library of materials, we plan to create new, differentiated products, as well as leverage new materials across our existing product platforms by refreshing our classic silhouettes. We estimate that a standard pair of sneakers results in a carbon footprint of 14.1 kg of CO2e. Today, through our use of renewable, natural materials and responsible manufacturing, the average pair of Allbirds shoes has a carbon footprint that is 30% less than our estimated carbon footprint for a standard pair of sneakers, and we offset the entirety of the rest to provide our customers with carbon-neutral products. Furthermore, we believe in the power of selective industry collaboration to accelerate progress, as evident by our partnership with adidas to unveil the world’s lowest carbon footprint running shoe at 2.94kg of CO2e in May 2021. This partnership, as well as our decision to open up the carbon-negative, green EVA used to make SweetFoam, and our carbon footprint methodology demonstrates our ability to scale our impact to the broader industry and beyond, while extending our brand’s leadership as a sustainability innovator. For example, in 2018, with the help of our partner, Braskem S.A., the petrochemical company and a leading biopolymers producer, we pioneered a carbon-negative green EVA made with Brazilian sugarcane, as an alternative to traditional EVA made from petroleum. We used this new carbon-negative green EVA to create SweetFoam, which is now in all of our shoe soles.
    - deleted 5y ago
      [deleted]
- ericd 5y ago
  Well, "tech" is short for "high technology", which typically means the bleeding edge. I'm certain that parts of modern shoe manufacturing are very novel, especially around materials science, but is its bleeding-edge-ness its defining characteristic, like it has been for eg computing? Because from where I'm sitting, it looks like they're making sneakers only very slightly differently than Nike has been for many decades, using a different foam resin supplier that claims to make it out of sugarcane feedstock rather than petroleum, and some nice claims of using recycled bottles for laces to make it so that their customers can feel a little better about buying fairly disposable shoes made from polymer foam.