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Tren Griffin Retweeted
"Start-ups aren't an object. They're successful because of the people behind them."
@jennyleehw https://www.booklistonline.com/A-Dozen-Lessons-for-Entrepreneurs-Tren-Griffin/pid=9130091#.WhW6Z1d5hU4.twitter … via@trengriffinThanks. Twitter will use this to make your timeline better. Undo -
And all my book royalties will go to feeding hungry kids. So there's that too.pic.twitter.com/KiKO5ZYTHH
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"This book is a treasure trove of wisdom that delivers a blueprint across the entrepreneurial spectrum."https://www.booklistonline.com/A-Dozen-Lessons-for-Entrepreneurs-Tren-Griffin/pid=9130091 …
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~80 data scientists at Stitch Fix: Full stack data science (2017). https://www.youtube.com/watch?v=ErrHRMiNNXE … Data science as strategic differentiationhttps://www.youtube.com/watch?v=ErrHRMiNNXE …
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State of the art data science is now an ante. A business must be great at data science to be in the game at all. It isn’t optional.
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Lake: Stitch Fix has “a totally different model and it requires education and understanding of how the data science is important in the model.” Every business in every business must do this.
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Lake has Stitch Fix achieving this in *retail fashion* in 2017. Think about how hard that business has been for others. The chops of the SF data science team = superb
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The performance of Katrina Lake is impressive: “Our marketing spend is very modest compared to other e-commerce companies. Last year it was at 7% [of revenue].”https://www.recode.net/2017/11/21/16680568/stitch-fix-ceo-underestimated-ipo-katrina-lake …
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It is almost as if this is a lot of sales and marketing spending.pic.twitter.com/vV8AVExi9q
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Edward Curtis took a self portrait in 1889 https://en.wikipedia.org/wiki/Edward_S._Curtis … He did not include Britney Spears though.pic.twitter.com/FSzCL1qpJv
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I took a picture of myself in 1976 using a this Cannon 110ED. So Paris Hilton was a bit late to the "I invented the selfie" game.pic.twitter.com/3nuaPyAmY2
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If someone who bought my new book on Amazon could write a review saying all royalites go to No Kid Hungry I would be grateful. https://www.amazon.com/Lessons-Entrepreneurs-Columbia-Business-Publishing/dp/0231184824 …pic.twitter.com/L1egJdgnaX
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Tweet’s about biz models/data are liked often. Here’s one: “Northwest Harvest food bank can provide a nutritious meal for .223. ~4 meals per $1.
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Venture capital punches WAY above its weight in terms of impact. Think about how small VC is in the context of other capital markets.https://twitter.com/pitchbook/status/932760493940342784 …
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My COGS are $0 so GM is 100%. Marketing also $0. All my 12.5% royalty goes to No Kid Hungry. “$10 connects a child with up to 100 meals.”https://twitter.com/henrylmcnamara/status/933139509314707457 …
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5/ One of the profiles in my new book is
@kirstenagreen of Forerunner who knows retail as well as anyone anywhere.Thanks. Twitter will use this to make your timeline better. Undo -
4/ A post on Katrina Lake will appear Saturday (if not before) on https://25iq.com Stitch Fix’s use of advanced analytics is impressive.
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3/ “No IPO pop.” WTF. That Stitch Fix didn’t sell equity for less that market value is a feature not a bug. Only bankers benefit from underpriced shares.
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2/ She built a a business in *retail fashion* in 2017. Think about what is happening to other businesses in that market. Total of $42M raised and an IPO.
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1/ One thing to be thankful for is Katrina Lake not having decided to build her startup in your industry. What she has done with Stitch Fix is amazing.
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