Can Allbirds Live Up to Its $1 Billion Valuation?
(Bloomberg) -- Allbirds Inc. has already beaten the odds in the startup world by raising a quarter of a billion dollars and turning earth-friendly wool sneakers into a legit product category. But the company behind Silicon Valley’s favorite footwear now faces another daunting challenge: impressing investors ahead of a potential initial public offering.That’s coming after its rising unicorn valuation cooled off last year. In September, Allbirds raised $100 million in a Series E round from large investment firms like Franklin Templeton and T. Rowe Price. According to researcher Pit...