Mr. As President, Chief Operating Officer and Interim Chief Financial Officer at STITCH FIX INC, Michael Smith made $2,889,319 in total compensation. The estimated net worth of Mike C Smith is at least $3.78 million as of April 15th, 2021. Stitch Fix claims the average price of items is around $55, but that the items can cost anywhere between $20 and $400. Really amazing how far a great product and hustle will take you…not ad spend. Stitch Fix's IPO has made CEO Katrina Lake a multi-hundred millionaire, though the stock barely scraped by flat. Mr. Smith owns 87,356 shares of Stitch Fix stock worth more than $3,784,262 as of April 30th. After getting your first Fix, instantly buy what you want, when you want it. Lake’s net worth was listed as $120.0 million by Forbes in 2016 and now Katrina Lake’s Stitch Fix (an idea that started out of her apartment while at Harvard) is worth close to a whopping $1.0 billion! Of this total $581,530 was received as a salary, $0 was received as a bonus, $1,049,994 was received in stock options, $1,257,795 was awarded as stock and $0 came from other types of compensation. If Stitch Fix's assortment is too limited, customers will look elsewhere, and that's not what the company wants when it's trying to tackle an online apparel market worth $127 billion and growing. The company’s women’s sizes run from XS to … The 38-year-old […] The company’s stock price has skyrocketed as shoppers flock online during the pandemic, looking for convenience and safety. The company was founded in 2011 and had an initial public offering in 2017 with a valuation of $1.6 billion. It uses recommendation algorithms and data science to personalize clothing items based on size, budget and style. Skip hours of browsing and discover pieces curated just for you. Then Instantly buy items curated just for your style. Lake currently owns roughly 15% of the company, which was valued at $1.63 billion when it went public on Friday. Stitch Fix is an online personal styling service in the United States. A $20 Fix styling fee covers your stylist’s expertise and time—it gets credited toward anything you keep. In addition, he makes $1,192,260 as Chief Legal Officer and Corporate Secretary at Stitch Fix Inc. A decade after starting a personal-shopping service out of her Cambridge apartment to give busy, working women an easier way to shop, Stitch Fix founder and CEO Katrina Lake’s fortune has swelled to $1.1 billion. This net worth approximation does not reflect any other assets that Mr. Smith may own. Stitch Fix founder Katrina Lake has a net worth of $ 1.1 billion by 2021. This post was a summarization of talk given at Hustle Con, a big ole’ event in San Francisco focused on non-technical startup founders. You are able to set price ranges for each category, but that doesn't mean your stylist will always stick to that number. That means Lake's share in Stitch Fix is now worth almost $250 million. Darling owns over 24,726 units of Stitch Fix Inc stock worth over $3,350,030 and over the last 3 years he sold SFIX stock worth over $7,375,369. She is also the founder of the online layout service. Stitch Fix’s selection includes more than 1,000 brands, including TOMS, Ralph Lauren, Vince Camuto and Nike. Not bad for a lady, who once thought being a doctor was in the cards! Katrina Lake is known as the CEO of Stitch Fix. The estimated Net Worth of Scott Darling is at least $11.9 Million dollars as of 7 January 2021. Stitch Fix had nearly $5 million in revenue and 100,000 customers before spending a dime on marketing. 7 January 2021 browsing and discover pieces curated just for your style after getting your first,! 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