Direct-to-consumer footwear company Allbirds is seeking to go public at a price per share of between $12 and $14, translating to a market capitalization of between $1.7 billion and $2 billion. That is only marginally above its last private valuation of $1.7 billion from last year. While that valuation looks conservative, Allbirds would still be overvalued compared to other footwear companies...
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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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