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I come from the traditional advertising world where packaged-goods titans like P&G would buy millions in mass advertising which would stimulate billions in sales. A predictable, reliable engine.

But then the Internet happened.

It opened up virtually all heretofore closed systems: distribution, marketing, promotion. It held the promise of creating a level playing field for all types of merchants – large and small. This was the promise that drove the explosive growth of e-commerce for the past 5 years.