Katrina Lake is an American businessman who is the Founder and CEO of Stitch Fix, a fashion style based membership service. Join Fix was set up in 2011 in San Francisco and opened up to the world in 2017.
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Katrina Lake, who is the most youthful lady in tech to start a business organization open was the main lady in 2017 to lead the first sale of stock in the technology sector. Lake holds a 16.6% stake in Stitch Fix. In November 2017, following the contribution, Stitch Fix was esteemed at $1.6 billion. As of August 2018, the organization was estimated at around $2.8 billion.
In 2017, Forbes named Lake one of America’s most extravagant independent female entrepreneurs.
Lake was born on December 24, 1982, in San Fransico to an instructor and doctor, and experienced childhood in Minnesota and San Francisco. Her mom was a Japanese immigrant, and her dad was an American from Minnesota. She at first needed to turn into a specialist before she turned into a business visionary. She started on the pre-medications course, yet turned out to be keen on economics and business.
She has portrayed herself as “hazard opposed”. She got her four-year college education from Stanford University in 2005. In 2011, she finished her MBA at Harvard Business School.
Lake worked at Polyvore and the board consultancy The Parthenon Group. Lake’s sister filled in as an attire purchaser and would send outfits to Lake. She depicts her design sense as “exemplary with a bend”.
Clients of Stitch Fix request “fixes” of five things, chose for them by proficient beauticians, as a coincidental or at booked interims, and are in this way given three days to pick which things they need to keep.
Lake was motivated to make a web-based business organization that “combines a multitude of beauticians with an arms stockpile of information to convey attire” in 2011. She has consolidated information science with showcasing to become the business.
In 2012, Lake was acquainted with Netflix VP of information science and building Eric Colson, who at first excused the plan of action as “capricious” yet inside months joined the organization as “chief financial officer”. In 2016-17, Stitch Fix had $730 million in deals.
Lake was named as one of Fast Company’s 100 Most Creative People in Business and in the 2016 Fortune (magazine) 40 under 40. Lake was the main lady to take a web organization open in 2017.
She has remarked that she must be increasingly proficient with her accounts as she raised “a small amount of the money of most endeavor sponsored organizations”. In 2018, she was named Disruptor of the Year by Retail Dive. Lake is a board member of a beauty company Glossier.
Katrina Lake is a married lady to her husband John Clifford, a venture proficient professional. In 2014 they tied the knot. The couple has a child and starting in July 2018, they were anticipating another baby. They live happily in their dedicated apartment building in San Fransisco.
Katrina Lake as the founder, Chief Executive Officer, and Director of Stitch Fix, get the absolute pay at Stitch Fix of $5,327,430. There are no officials at Stitch Fix getting paid more.
The evaluated Net Worth of Katrina Lake is at any rate $66.7 Million dollars starting as of March 2020. Ms. Lake possesses more than 7,719 units of Stitch Fix stock worth over $189,192 and in the course of the most recent 4 years, she sold SFIX stock worth over $61,153,398. Moreover, she makes $5,327,430 as Founder, Chief Executive Officer, and Director at Stitch Fix.