#90 Apolo Ohno: Process Versus Prize

Podcast Notes Key Takeaways  The main problem in apparel: finding clothes that fit customers and that customers love“Nobody was solving that core problem of how do I actually identify the clothes on this planet, out of the millions of things out there, that you specifically are going to love” – Katrina Lake Price and speed of delivery are important in the apparel industry, but at the end of the day people want clothes that they like:“Yes, price, speed, and delivery are important in apparel but actually more important is it right for you? Does it fit?” – Katrina LakeStitch Fix is solving this problem by using data science to offer clothing recommendations that people will likeStitch Fix wants to become your personalized styler:“What we’re really trying to do is get to this personalized storefront for every person” – Katrina LakeStitch Fix was cash-flow positive in 2014 and went from $0 to $1 billion in 5 years, and Katrina still had trouble raising money from VCs“I was forced to be capital efficient. I had to make the most of our balance sheet in order to survive.” – Katrina LakeTwo of Katrina’s superpowers as a founder was her ability to recruit amazing people to come work at Stitch Fix and her authentic leadership style:“Absolutely recruiting, I never, ever, ever would have been able to do all of the things that we did without having the incredible people on the team” – Katrina Lake“The only thing that I had was this ability to be authentic and connect with people and to bring people along”

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8x Olympic medalist and short-track speed skating legend, Apolo Ohno chats about his origin story, recovering from multiple failures, mental training, confidence and leaving it all of the ice.

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