Sew Repair CEO says not sufficient feminine ‘decision-makers on the prime’

“My path as an entrepreneur has not all the time been simple,” Stitch Fix Founder and Chief Govt Officer Katrina Lake informed CNBC’s “Squawk Alley” Friday about being a girl in Silicon Valley.

“My hope is that now that there’s such a broader dialog concerning the challenges of many individuals in lots of industries throughout … tech — my hope is that the dialog strikes issues ahead.”

Lake was once sexually harassed by an worker of Lightspeed Enterprise Companions, which was an early investor in her firm. Justin Caldbeck, the harasser, ultimately resigned from Lightspeed.

“I feel in enterprise capital and in tech we nonetheless have a gender situation,” Lake mentioned Friday. “There are nonetheless not sufficient ladies who’re enterprise capitalists. There are nonetheless not sufficient ladies who’re decision-makers on the prime.”

Stitch Fix shares began trading on the Nasdaq inventory trade at $16.90 apiece Friday morning, having priced at $15 the night time earlier than. The inventory popped greater than 20 % on its debut.

Lake is notably the one lady to guide a tech IPO this yr, and he or she nonetheless holds about 15 % in Sew Repair.

Lake mentioned she hopes Sew Repair can display “what success can seem like with an actual numerous staff.”

Sew Repair is a play on an more and more widespread “subscription field” mannequin, through which clients pay to have common — typically month-to-month — shipments of products. These enterprise fashions are enticing as a result of corporations can forecast income, however many have struggled to steadiness gross sales towards steep advertising prices.

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