Katrina Lake wanted to be on the cutting edge of the retail industry, and her startup is targeting people who like clothes but don’t like to shop.
SAN FRANCISCO — Katrina Lake, 34, is the founder and chief executive of Stitch Fix, a San Francisco clothes-shopping startup that brought in $730 million in revenue in the fiscal year ended last July.
Stitch Fix is regarded as one of the few major success stories in the subscription shopping world: It has more than 5,000 employees, five clothing warehouses across the U.S., and $42 million in funding from venture capitalists. It most recently launched Stitch Fix for Men, a similar service for men’s fashion.
Lake grew up in San Francisco and Minnesota, the daughter of a doctor and a schoolteacher. Unlike many startup founders who describe having an entrepreneurial streak from an early age, Lake said she had always been…