Although Stitch Fix does not release business results, financial experts have been eyeing the Company since the very first days of the assessment: this is a business field that brings positive profits. In fact, since its inception, Stitch Fix only needs to raise $ 50 million in capital from investors, while other startup projects may need hundreds of millions of dollars and still get nowhere. . Typically, in this area, two other startup projects, Fab and Gilt Group, have both failed.
With a positive cash flow, Lake is in a position to further expand the Company’s operations and apparently, she is doing this without having to raise more capital, which means not must dilute the value of stocks.
Seen more at: Stitch and angel I choose you poster
