Stitch Fix, a personalized shopping subscription service, began trading on the NASDAQ this morning after raising $120 million in its IPO. Axios spoke with founder and CEO Katrina Lake. Here's the quick read:
- She believes Stitch Fix serves a very different need than does Amazon.
- Stitch Fix struggled in its early days to raise venture capital, which caused it to focus more on profitability.
- Going public is about having increased flexibility to pursue bigger opportunities.