Two and a half years after saying he would aim for a public offering, e-commerce entrepreneur Andy Dunn sees a new "gold standard" for companies like his: acquisition.
Dunn, the CEO of online men's clothing retailer Bonobos, referenced the success of Michael Dubin, founder of Dollar Shave Club. Dollar Shave Club was acquired by Unilever earlier this year for a reported $1 billion.
"I'm so grateful to [Dubin], because he really set the gold standard that you can actually build a business in this space that isn't just worth something for 10 percent of the business, or 20 percent of the business — which is what happens when you raise capital — but where the whole thing was worth $1 billion," Dunn told CNBC's "Squawk on the Street" on Monday. "So it's an exciting time in e-commerce."