Re:Stitch Fix to Lay off About 1,400 Employees in California
by lotsofpulp on Tuesday June 02, 2020 @09:14AM
(#23390620)
Of course people are getting utility from it. But I was stating if I was presented with StitchFix as an investment opportunity, I wouldn’t be able to imagine how it would be valuable to people, so I might pass on it. I’m not denigrating anyone who does get utility from it.
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Re:Stitch Fix to Lay off About 1,400 Employees in California
by 6gvONxR4sf7o on Tuesday June 02, 2020 @10:08AM
(#23391147)
That seems to be a systemic problem in tech. Most VCs are dudes and they can’t see the value in startups that do things men are less interested in, making it harder to get funding to solve problems women have. Might be why some folks are (rightfully) sensitive about the topic.
Re:Stitch Fix to Lay off About 1,400 Employees in California
by magneticnorth on Tuesday June 02, 2020 @05:37PM
(#23396626)
Katrina Lake definitely had this problem getting her first funding rounds - the VCs she talked to thought it wouldn't work, because there's a perception that most women like to go shopping, or just not seeing the value for themselves.
VC funding comes down to gut decisions, and I suspect there are a lot of other billion-dollar opportunities out there in spaces that are overlooked by the demographic of wealthy white american males between the ages of 25-50.