Silicon Valley valuation numbers are entirely made up to boost their IPO. Actual value is only determined after these companies go public. Allbirds, the shoe b

Silicon Valley valuation numbers are entirely made up to boost their IPO. Actual value is only determined after these companies go public. Allbirds, the shoe brand, went public at $4bn in 2021 and sold its assets last week for $39 million. > Neil Saunders, the managing director of the consultancy and market analysis firm GlobalData said: “Allbirds has gone from being a high flyer to a dead parrot.” He said its early success “was driven by Silicon Valley hype, more than deep popularity with consumers in the American hinterland”. [0] https://www.theguardian.com/business/2026/apr/02/eco-shoe-brand-allbirds-sold-american-exchange-group https://www.theguardian.com/business/2026/apr/02/eco-shoe-br...