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I started Stitch Fix because I hated shopping. Turns out millions of other people do too.
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Data is the moat. Every customer interaction makes the algorithm smarter. You cannot replicate years of data overnight.
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Investors told me a clothing box company was not a real tech company. Our data team is larger than most pure tech startups.
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Profitability before IPO is not conservative. It is respectful. It means you are not asking public investors to fund your experiments.