Katrina Lake Biography
Katrina Lake is an American entrepreneur and the founder and CEO of Stitch Fix, a fashion subscription service. Lake became the youngest woman to take a company public at the age of 34 in 2017, and she was the only woman to lead an initial public offering in technology that year.
How old is Katrina Lake? – Age
The Stitch Fix CEO is 38 years old as of 24 December 2020. She was born in 1982 in San Francisco, California, United States.
Katrina Lake Parents
Her mother is a Japanese immigrant who taught in public schools, and her father is a doctor who worked at UCSF and the University of Minnesota.
Where did Katrina lake go to high school?- Education
Before becoming an entrepreneur, she aspired to be a doctor. She began as a pre-med student but quickly became interested in economics and business. She graduated from Stanford University with a bachelor’s degree in 2005 and from Harvard Business School with an MBA in 2011.
Who is Katrina Lake’s Husband? – Does Katrina Lake have kids?
Lake married investment professional John Clifford in 2014. Lake is the father of two sons.
Katrina Lake Net Worth
Lake has an estimated net worth of $134 Million.
Who is Katrina from shark tank?
Lake appeared as a guest shark on Shark Tank on Friday, March 6th. Katrina sat alongside fellow sharks Mark Cuban and Lori Grenier to hear pitches from aspiring entrepreneurs.
How much of Stitch Fix does Katrina Lake own?
Lake, who was 28 at the time, founded Stitch Fix in 2011. Lake gathered SurveyMonkey data from her clients in order to get a sense of their personalities. She would use the information to handpick outfits for her customers and ship them to them. Lake did not even have the Internet capabilities to charge her customers in the beginning, and she relied on her clients’ trust to pay her monthly. Lake was introduced to Netflix VP of data science and engineering Eric Colson in 2012, who initially dismissed the business model as “whimsical” but joined the company as “chief algorithms officer” within months. She has grown the company by combining data science and marketing.
Customers of Stitch Fix order “fixes” of five items chosen for them by professional stylists as a one-time or on a regular basis, and then have three days to decide which items they want to keep. Stitch Fix made $730 million in sales in 2016–17.
Lake was named one of Fast Company’s 100 Most Creative People in Business in 2016 and one of Fortune’s 40 Under 40 in 2016. Lake was the only woman to go public with an internet company in 2017. Stitch Fix raised nearly $120 million on the day of its initial public offering. Retail Dive named her Disruptor of the Year in 2018.
Lake serves on the boards of Grubhub and Glossier, two beauty companies. Lake made an appearance as a guest shark on Shark Tank Season 11, Episode 14 on March 6, 2020. Lori Greiner of HSN and Lake collaborated to make a deal with Pair Eyewear, a new company specializing in children’s glasses. Lake announced her resignation as CEO of Stitch Fix on April 13, 2021. Elizabeth Spaulding, the president of Stitch Fix, would take her place.