https://padlet.com/luicha19/jgqn3x7wwhse9moe en-us 2021-02-26 15:35:10 UTC 2021-02-26 17:31:36 UTC hello@padlet.com luicha19 https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1245682728 Katrina Lake the owner of stitch fix worked at a consulting firm advising businesses. When doing this she was brainstorming a lot of ideas of how company’s could improve. This sparked her interest as she thought why doesn’t she just do it if she can do it better with all of her ideas. ]]> 2021-02-26 15:40:34 UTC https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1245682728 luicha19 https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1245791794 At the start Katrina Lake would buy inventory from retail stores to use but ultimately return them back to the store and not lose money if she wasn’t able to sell them to customers. She has to go back and fourth between these stores at the start making it a very laborious process.]]> 2021-02-26 16:03:44 UTC https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1245791794 luicha19 https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1245832163 Katrina Lake at the time had 20 of her friends helping her with her startup. These 20 people also helped try to start this project up to see if it could be profitable. Even though it was non profit at first she still had a lot of employees helping her.]]> 2021-02-26 16:12:01 UTC https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1245832163 luicha19 https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1246105501 Katrina Lake when pursuing to start her company received a investment on February 14th, 2011 from a investor named Steve Anderson for half a million dollars. This was the start of her company which really turned it into something big.]]> 2021-02-26 17:06:48 UTC https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1246105501 luicha19 https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1246160069 Katrina Lake after receiving her investment got a small office in San Francisco and got to work. She rented out this place as she needed a place for her and her employees to be able to work. The place she rented was 1100 square feet.]]> 2021-02-26 17:17:35 UTC https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1246160069 luicha19 https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1246197747 Stitch Fix hired their first ever stylist in February of 2012. Leading up to it she would do it. Now that she has employees to take some of her responsibilities she is able to focus more on improving the company. All her employees were under wage and getting paid for their labor.]]> 2021-02-26 17:25:06 UTC https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1246197747 luicha19 https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1246212155 Katrina Lake around a year or so after making her company was able to raise 42 million dollars. All this capital she has built up has helped her build up her company and continue to get more and more advanced and to always improve the company.]]> 2021-02-26 17:27:58 UTC https://padlet.com/luicha19/jgqn3x7wwhse9moe/wish/1246212155