Kevin Bailey

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Kevin Bailey

Kevin Bailey

@Kevin__Bailey

cereal killer

Katılım Ekim 2012
394 Takip Edilen404 Takipçiler
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Talkin' Baseball
Talkin' Baseball@TalkinBaseball_·
A's are debuting their new Sacramento Golds jerseys
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That Guy Rocked
That Guy Rocked@ThatGuyRocked·
Nik Stauskas That guy rocked.
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Aakash Gupta
Aakash Gupta@aakashgupta·
Allbirds is a case study in how to kill a DTC darling from the inside out. November 3, 2021. Shares open at $21.21, surge 91% on day one, close at $28.64. Market cap touches $4.1 billion. Time magazine had already called them "the world's most comfortable shoes." Silicon Valley was wearing them like a uniform. Fidelity, T. Rowe Price, Tiger Global, and Franklin Templeton had poured $253 million into the company before it ever went public. The IPO raised another $303 million. Total capital absorbed: over half a billion dollars. Sale price today: $39 million. That's a 99% value destruction from peak to exit. The decline wasn't sudden. Revenue peaked near $305 million in 2022, then started falling. $254 million in 2023. $190 million in 2024. Losses never stopped. $25.9 million loss in 2020. $93 million loss in 2024. In January 2026, they announced they were closing every full-price retail store in the United States. And here's the part that should terrify every DTC founder watching this. The acquirer, American Exchange Group, owns Aerosoles, Ed Hardy, Rampage, and White Mountain. These are brands that live in outlet malls and TJ Maxx. That's where Allbirds is headed. The $95 wool sneaker that Obama wore is about to sit on the same shelf as Ed Hardy. The investors who funded this at a $1.7 billion valuation in 2020 are getting back roughly 2 cents on the dollar. The public market investors who bought at $28.64 on IPO day watched the stock fall to $3.18. Every DTC brand that went public in 2021 told the same story: "We're a tech company that happens to sell physical products." Allbirds, Warby Parker, Rent the Runway, FIGS, Sweetgreen. The market believed it. Then it did the math.
Exec Sum@exec_sum

BREAKING: Allbirds to be acquired by brand management firm American Exchange Group in a $39 million deal. The company went public at a $2.1 billion valuation in November 2021.

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Baseball Central™
Baseball Central™@BaseballCentraI·
The art of catching a baseball. This is a must watch ⚾️💯
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MLB
MLB@MLB·
FOUR hits for Kevin McGonigle in his MLB debut! 🤯
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Tony Garcia | Detroit Free Press
Tony Garcia | Detroit Free Press@RealTonyGarcia·
BREAKING: Michigan football is set to bring back former WR coach Ron Bellamy as its next director of player personnel, a source told @freep. A trusted, familiar face with ties to the program and the Detroit HS scene. Makes a lot of sense. freep.com/story/sports/c…
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Aakash Gupta
Aakash Gupta@aakashgupta·
Let me explain exactly why every new subdivision in America looks like the top photo, because the math is wild. A mature tree increases a home's value by 7 to 19 percent. On a $400,000 house, that's $28,000 to $76,000. A single shade tree produces the cooling equivalent of ten room-size air conditioners running 20 hours a day. One tree on the west side of a house cuts energy bills by 12 percent within 15 years. The bottom photo is worth more, costs less to live in, and sells faster. This has been documented by the University of Washington, Clemson, Michigan State, and the USDA. The data is not in dispute. Removing those trees saves the builder roughly $5,000 per lot. Concrete trucks need twice the dripline radius of every standing tree. Utility trenches need flat ground. A bulldozer flattens 200 lots in an afternoon. Preserving trees adds weeks and thousands per home. So the developer pockets $5,000 in savings and the buyer eats $50,000 in lost value for the next two decades. The person making the decision and the person paying for it have never been in the same room. The Woodlands, Texas is the proof of what happens when they are. George Mitchell bought 28,000 acres of Houston timberland in 1974 and preserved 28% as permanent green space. He forced McDonald's to build behind the tree canopy. That McDonald's became one of the highest-volume locations in Texas. The first office building, designed to reflect the surrounding forest so you couldn't see it from the street, leased completely. The Woodlands median home price today: $615,000. Katy, a comparable Houston suburb that clear-cut: $375,000. Named #1 community to live in America two years running. Fifty years of data. The trees are worth more than removing them saves. Developers clear-cut anyway because they sell the house once and leave. You live in it for 30 years.
bitfloorsghost@bitfloorsghost

we ruined such a good thing

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