Stitch Fix founder Katrina Lake defends curated subscription commerce against the standard online retail model of offering infinite choices across dozens of browser tabs.
Insight
Lake: Informal VC settings like Tahoe hot tubs structurally exclude female founders
“I live up in Tahoe, and like, you know, entrepreneurs, they come to me, and like, they come and hang out with me in Tahoe, and they like, drink beers in my hot tub, and like, I get to know them and their businesses, and like, you know, there's part of that tha…”
Assertion Not checkable as stated
Lake: 94% of VCs are men who lack passion for women's apparel
“94% of venture investors are men, and probably the majority of men don't feel passionate about dressing women.”
Insight
Lake: Venture capitalists want portfolio companies to be a zero or a billion
“Like they want billion dollar businesses and they would either rather, they want you to be a zero or a billion and everything in the middle is not that attractive.”
Insight
Lake: VC structural unfairness requires increasing women in venture leadership roles
“And I think the, there are elements of it that just feel structurally unfair that I don't think get solved unless you change the proportion of men and women that are in leadership roles in venture capital.”
Insight
Stanford's stereotypical founder culture deterred Katrina Lake from pursuing entrepreneurship
“The people who are the entrepreneur types at Stanford were very different than kind of how I saw myself, and so it took a really long time, I think, for me to realize that entrepreneurship would be a good path And I think there's a lot of other people out ther…”
Assertion Supported
Stitch Fix raised under $50M to build a billion-dollar business
“We raised less than fifty million dollars. The business is now over a billion dollars, and so you know, I think our, the amount of capital that we raised was actually very modest relative to you know, where, where we'd end up, but in the early days, yes, we di…”