Andy Dunn Sold Bonobos to Walmart for $310 Million After 2016 Bipolar Crisis
Updated
Updated · Fortune · Sep 13
Andy Dunn Sold Bonobos to Walmart for $310 Million After 2016 Bipolar Crisis
1 articles · Updated · Fortune · Sep 13
Summary
A year before Walmart bought Bonobos for $310 million in 2017, Andy Dunn was hospitalized for a week after a manic episode that led to police restraint and a six-month recovery.
Dunn said years of denial around his Bipolar I diagnosis collided with startup stress, executive turnover and cash burn, culminating in the 2016 breakdown.
Medication, therapy and strict sleep routines followed, and Bonobos kept him on as CEO until the sale; he says he has not missed a day of medication in a decade.
Bonobos had grown from a $60,000 self-funded startup to about $120 million in annual sales, a trajectory Dunn now says often masked and amplified hypomanic traits.
Dunn has since made mental health advocacy central to his public life and to Pie, his social-connection startup, which has raised $24 million and reached more than 310,000 users.