The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 7 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
90% of the top 500 tech companies raised $85M+ in capital
“90% of the entire cohort raised more than 85 to a hundred million dollars. I mean, there are always exceptions like Stitch Fix, Zoopla in UK, and Tableau in Seattle, but really the vast majority of them have raised a lot of capital, especially in more recent t…”
Duboe: Stitch Fix grew organically and profitably after early VC rejections
“They had grown on the heels of organic and strong retention for the first few years and famously had a hard time raising venture money. So decided to just say, Hey, we're going to operate on the constraints of profitability.”
Stitch Fix Turns Inventory Six Times Yearly Versus Retail Average of Four
“Even today, we turn our inventory over six times a year, where, you know, a lot of traditional retail turns at something more like four.”
Katrina Lake: Stitch Fix Has Sold $6B in Clothing Sight Unseen
“Stitch Fix to date, we have sold six billion dollars of clothes sight unseen.”
Katrina Lake: Stitch Fix Reached $1 Billion in Revenue in Five Years
“We went, you know, from zero to a billion in five years or something”
Stitch Fix Requires All New Full-Time Employees to Learn Styling
“Styling fixes is something that we teach every single full-time employee that starts. And so part of their onboarding, part of their training is actually learning to style fixes, even if you're going to be a software engineer, or even if you're going to be, yo…”
Stitch Fix Reached Cash Flow Positivity in 3 Years on $42M Raised
“Prior to their IPO in 2017, Katrina raised just forty two million dollars in venture funding, from some of the very best in venture, including Bill Gurley at Benchmark and Steve Anderson at Baseline, and in just six years, Katrina took the company from foundin…”