E-Commerce is a Bear

Andy Dunn, founder and CEO of Bonobos Inc., presents on the challenges of building a profitable, lasting e-commerce company. In two decades of e-commerce in the US, we have produced only two standalone e-commerce companies of meaningful enterprise value: Amazon and eBay. One went public in 1997, the other in 1998. What gives? The problem with e-commerce is that the joy of the consumer experience, extraordinary top-line growth, and market share theft are not yet met by strong business fundamentals for standa