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In the face of a billion dollars of revenue, what do you think is more likely: 1) everyone using stichfix gets "zero" utility from it or 2) You don't understand
by xnyan 6y ago
In the face of a billion dollars of revenue, what do you think is more likely: 1) everyone using stichfix gets "zero" utility from it or 2) You don't understand the thing you also have an opinion about for some reason?
For some people, buying clothes is a really stressful and difficult psychological process. You really don't know anyone who does not like shopping for clothes and would be willing to buy away that stress from a personal shopper/algorithm ?
Maybe you personally don't find value in that, or your tastes don't agree with Stichfix's style, but it seems quite understandable to me that many people would want this.
- lotsofpulp 6y agoOf 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.
- 6gvONxR4sf7o 6y agoThat 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.
- magneticnorth 6y agoKatrina 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.