Emmet
๐ค SpeakerAppearances Over Time
Podcast Appearances
David Gardner, absolutely no question or doubt.
And even Chris Mayer, 100 baggers.
So there's so many.
But anyway, look, we're on 308.
Let's make it a good one, Mike.
Well, Allbirds, which our listeners have heard me mention over the years, and I'm sure many of our listeners have observed, make sneakers or runners, as we call them in Ireland, and leisure footwear.
Um, they made a surprising, well, actually a shocking announcement on Wednesday of last week saying that it was pivoting.
From shoes to artificial intelligence.
And I am not kidding if you didn't see the news.
which according to the release will be called Newbird AI, announced a deal to raise $50 million in funding, which is expected to close very soon.
And I quote from the PR release, the company will initially seek to acquire high-performance,
low latency AI compute hardware and provide access under long-term lease agreements meeting customer demand that spot markets and hyperscalers are unable to reliably service the company said in the announcement and the move
as you and I swap text messages or slack or whatever it was, it literally the shares exploded.
They went from a minuscule market cap like they closed just for people's reference.
It closed with a market cap of $21 million on Tuesday, which roughly speaking is the total amount of money you'd need
to cough up to buy the entire company.
Although other dynamics would come to play if you did such thing, but the business was valued at 21 million.