Bonanza was founded in 2007 by current CEO Mark Dorsey in Seattle, Washington. After a garage sale bombed during a rainy weekend, Dorsey decided to make an online site where everyday people could sell their items. The original name of the company was Bonanzle, but was changed in 2010.
The company operates an online marketplace for clients to sell their new or used items. As of 2016, the site boasts 12,000 active sellers. Bonanza has received numerous awards, including Time Magazine Top 50 Websites, Most Recommended MarketPlace by Entrepreneur in 2016, and The Best eBay Alternative by Ecommerce Guide.
Bonanza is different from many other sites as there are no fees until the item is sold. The company is based in Seattle, Washington.
