Dunn: Curved waistbands had not been meaningfully used in men's pants
“And that was this genius insight that actually the way to do this is to make pants with a curved waistband, which would bring in the pant around to your waist in a way where the overall shape looks, looks great. And that hadn't really been done in a meaningful…”
Bonobos sold $16,000 of pants in one Stanford house party
“One day, we had a pants party at our house, and I think we sold 16,000 dollars worth of pants that day, and that was when I kind of looked at him.”
Dunn: Going into business with friends completely sublimates the friendship
“What I realized is once you get into a business partnership with a friend, the friendship gets totally sublimated to the business partnership.”
Dunn: Bonobos was a 50-50 partnership, creating decision-making gridlock
“Because we were fifty-fifty partners. You know, I had the title of CEO, but Brian had a ton of business acumen, and so it really was a partnership of equals, and it becomes difficult to figure out who makes the call.”
Raz: Andy Dunn and Brian Spaley's Bonobos split is a Stanford case study
“And by the way, Andy and Brian Spaley's story has been used as a case study at Stanford Business School, including the email Andy sent to Brian that eventually led to Brian leaving the company.”
Dunn: Curved waistbands were a novel breakthrough in early menswear design
“And that was this genius insight that actually the way to do this is to make pants with a curved waistband, which would bring in the pant around to your waist in a way where the overall shape looks Looks great. And that hadn't really been done in a meaningful …”
Dunn: Bonobos sold $16,000 worth of pants in one day at Stanford
“One day, we had a pants party at our house, and I think we sold 16,000 dollars worth of pants that day.”
Dunn: Founding a business with friends destroys the friendship's emotional support
“Once you get into a business partnership with a friend, the friendship gets totally sublimated to the business partnership. So a lot of the stuff that you used to talk about or do, you don't have time to do because you've got to work on this little growing bab…”