When Bill Gurley invested in Stitch Fix, it gave Katrina the confidence that her company was doing well and she was on the right track: “This works. That was 3 cents better than analysts were expecting. Veteran venture capitalist Bill Gurley has poured a significant investment recently into Stitch Fix (SFIX), whose stock dropped by more than half between Jan. 1 and April 1. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Gurley is a general partner at Benchmark, a Silicon Valley venture capital firm. At Benchmark, Gurley has led investments in and holds board seats on Brighter, DogVacay, Good Eggs, GrubHub, HackerOne, Linden Lab, LiveOps, Nextdoor, OpenTable, Sailthru, Scale Computing, Stitch Fix, Vessel, and Zillow. Lake lambasted Gurley for not doing enough to fix Uber. Over his venture career, he has invested in and served on the board of such companies as Jamdat (IPO: JMDT, Acq. Form 4 — The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Mr. Gurley increased his stake by 27.55% to 694,507 shares with this purchase. If you buy a book after clicking on one of the above links, I may received an affiliate fee. But the company started hitting rough patches last year, long before COVID-19. He led the Benchmark’s investments in Uber Technologies Inc., Grubhub Inc., Stitch Fix Inc. and Zillow Group Inc. Billionaire Mori Arkin filed a 13D on Aclaris Therapeutics, disclosing an 8.02% stake in the biotech microcap. The company’s leadership includes two other women in top positions: Elizabeth Spaulding as president and Cathy Polinsky as chief technology officer. Stitch Fix's Founder & CEO, Board Member is Katrina Lake. Stitch Fix CEO Katrina Lake owns 16.6 percent of the company’s shares. In an Oct. 15 Form 4, Gurley disclosed a purchase of 150,000 SFIX on Oct. 10 at $20.83. Stitch Fix’s IPO was in Nov. of 2017 at $15. Gurley, a director at Stitch Fix, is a renowned Silicon Valley venture capitalist whose firm Benchmark was an early investor in SFIX and continues to own 16.58%. Ault bought 295,000 shares — 12% of NTN’s float — on Jan. 25-28. Hedge fund XN was one of 2020’s largest new funds. It was from Katrina Lake, the CEO of the apparel-shopping service Stitch Fix, one of Benchmark's other highly successful portfolio companies. But when Lake and Gurley met, "I was super impressed with how well he knew retail and he seemed like a real value added investor who would help us scale the company," Lake says. On Oct. 1, SFIX reported earnings for the quarter ended Aug. 3 of $7.2 million, or 7 cents per share, compared with $18.3 million, or 18 cents a share, a year ago. The Investor Relations website contains information about Stitch Fix's business for stockholders, potential investors, and financial analysts. After gapping lower to $17 after the Q1 report, SFIX shares have since risen 23%, closing Monday at $20.86. Long-time Wayfair insider bought $13.6M of W on the open market. Revenue climbed 36% to $432.1 million from $318.3 million a year ago. I do not have a business relationship with any company whose stock is mentioned in this article. Customers fill out a survey of their preferences based on size, budget and style. The nearly $16 million stock purchase represents Gurley’s third big investment in Stitch Fix in the last year, after he bought $3.2 million worth of shares in March and $3.1 million worth a year ago. The tech dealmaker’s purchases come as SFIX short interest has surged, reflecting bets that the personal stylings service stock is overvalued and destined to trade lower. Stitch Fix’s algorithms match the perfect stylist with each and every customer to help ensure the optimal outcome for each client. Benchmark partner Bill Gurley, renowned for his early bets on Uber and Stitch Fix, will not be involved in the firm's latest fund. Bill Gurley, a Stitch Fix director and a general partner of Benchmark Capital, paid $3.2 million on March 12 for a total of 250,000 shares, an average per-share price of $12.76 each. ... Bill Gurley. Stitch Fix (NASDAQ:SFIX) ... By Yuliya Chernova and Rolfe Winkler . Director William J. Gurley acquired 150,000 shares of this online apparel, shoes, and accessories company, paying $20.83 per share for a total amount of $3.12 million. Veteran venture capitalist Bill Gurley has poured a significant investment recently into Stitch Fix (SFIX), whose stock dropped by more than half between Jan. 1 … I or my associates may hold positions in the stocks discussed. Bill Gurley is a general partner at Benchmark, a major investor in retail start-up Stitch Fix, which went public on Friday. Nobody knows this better than Benchmark investor Bill Gurley. Stitch Fix’s personalization technology creates a very similar dynamic within women’s fashion. Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Gurley has been on Stitch Fix’s board for years, joining in 2013. This year, its stock opened the year at $25.85 and plunged to $11.46 on April 2. Alex Sacerdote’s analysis of the S-curve. The company then sends personalized apparel and accessories items, which customers can either return or buy at a discount. Hanesbrands insider buys HBI as analyst sees big upside. Skeptics no doubt view Stitch Fix’s price-to-earnings (P/E) ratio of 60 as rich– and Stitch Fix’s forward P/E of 100 as excessive. Growth to continue post-pandemic? Stitch Fix is the personal style service for men and women that evolves with your tastes, needs and lifestyle. Gurley, a director at Stitch Fix, is a renowned Silicon Valley venture capitalist whose firm Benchmark was an early investor in SFIX and continues to own 16.58%. Stitch Fix, Inc. (NASDAQ:SFIX): $23.22 Director William J. Gurley acquired 150,000 shares of this online apparel, shoes, and accessories company, paying … Gurley also is an investor and board member of Brighter, DogVacay, GrubHub, Linden Lab / secondlife, Nextdoor, OpenTable, Sailthru, Scale Computing, Uber, and Zillow. Just prior to Bill Gurley’s Stitch Fix insider buying disclosure, Baird analyst Mark Altschwagger initiated coverage of Stitch Fix with an Outperform rating and $28 price target. San Francisco-based Stitch Fix selects and ships wardrobe options for women and men, based in part on data science, aiming to match merchandise with a person’s individual style. It was from Katrina Lake, CEO of the apparel-shopping service Stitch Fix, one of Benchmark's other highly successful portfolio companies. In addition to Lake, Stitch Fix’s other female board members are Marka Hansen, former president, Gap North America and Banana Republic; Kirsten Lynch, EVP & Chief Marketing Officer, Vail Resorts; Sharon McCollam, former EVP and CFO of Best Buy Co.; and Liz Williams, president of Taco Bell International. This article expresses my own opinions, and I am not receiving compensation for it (other than from WhaleWisdom). The Wall Street Journal’s Yuliya Chernova and Rolfe Winkler first reported that when Benchmark reached out to its limited partners to raise money for its tenth fund, the standout tech investor was not included among the general partners making new investments in the vehicle. Prominent investor Bill Gurley has been seated on the company’s board. Is a crash imminent? by EA), GrubHub (IPO: GRUB), Nextdoor, OpenTable (IPO: OPEN, Acq.by Priceline), Stitch Fix, Uber, and Zillow.com (IPO: Z). Bill Gurley’s Stitch Fix insider buying comes as the stock’s short interest... Whale Rock Capital’s returns have been extraordinary. The VC veteran is still riding his most successful bet, an $11 million investment he made in ride-hailing outfit Uber in 2011. That came a day after the company withdrew its business outlook for the year and temporarily closed two distribution centers. Through a better understanding of the customer, and using data to predict future orders, Stitch Fix has an engine that simultaneously better serves the individual desires of the customer and also contributes to higher inventory turns, fewer write-downs, higher capital efficiency and higher ROIC. Swing Education was founded in 2015 with the objective of creating a marketplace for substitute teachers. Gurley wrote a great article on the company in 2013 where he strikes at the heart of SFIX’s main competitive advantage, unique data (emphasis mine): “Stitch Fix’s personalization technology creates a very similar dynamic within women’s fashion. Ms. Lake was paid over $5M 2019, which included her $650,000 salary and the balance primarily in stock and options. Burry’s Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. The stock is up 63% since then. Stitch Fix’s IPO was in Nov. of 2017 at $15. Now, however, Gurley reportedly won’t do any new deals this year and won’t be part of Benchmark’s next fund. (Bloomberg) -- Venture firm Benchmark’s most high-profile partner, Bill Gurley, does not plan to return to the firm’s next venture fund. Formerly a design engineer at Compaq Computer, Gurley is regarded as one of technology’s top dealmakers. Stitch Fix just raised its Series A in February, and it wasn't out looking for funding. Benchmark partner Bill Gurley, renowned for his early bets on Uber and Stitch Fix, will not be involved in the firm’s latest fund. Benchmark's Bill Gurley must agree, because he himself will sit on the board. Lake agreed to forgo her base salary through the end of fiscal 2020 due to the coronavirus. Stitch Fix director Bill Gurley paid $3.1 million on Oct. 10 to buy 150,000 shares, paying an average per-share price of $20.83. 02:52 Fri, Nov 17 2017 11:38 AM EST She sold off … I particularly get energy from visiting our field teams throughout the US and UK -- they are closest to the client experience, and I consistently learn a lot from them." Bill Gurley has spent 18 years as a General Partner at Benchmark, joining in 1999. Lake lambasted Gurley for not doing enough to fix … Do your own research before investing and don’t risk more than you can afford to lose. As of the end of 2018, Stitch Fix has paid out well over $100 million to their stylists. Ault Global disclosed a 9.96% position in NTN Buzztime. Bill Gurley purchased 1M shares at an average price of $15.80. 20VC: Stitch Fix Founder Katrina Lake on Growth vs Profitability, Her Biggest Lessons From Working with Bill Gurley at Benchmark and The Importance of Mental Flexibility as a Leader The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch Investing Bill Gurley, Benchmark Capital general partner, discusses Stitch Fix's IPO and what he sees for companies using big data to disrupt their industries. On Oct. 14, Altschwager said the company offers a highly differentiated shopping experience, capable of capturing increased share of a highly fragmented apparel & accessories market. Bill Gurley, Benchmark Capital general partner, discusses Stitch Fix's IPO, the outlook for Uber and diversity in tech with Bloomberg's Emily Chang on … Other executives include Eric Colson, Chief Algorithms Officer Emeritus; Elizabeth Spaulding, President and 12 … While investors party like its 1999, Insiders are selling stock like there’s no tomorrow. He said the future looks bright and the risk/reward is attractive. Gurley bought $3.1 million of Stitch Fix, Inc. (SFIX) shares on the open market, increasing his personal stake by 25% to 755,000 shares. Gurley, who sits on the boards of directors of eight companies including Stitch Fix, bought 1 million shares at an average price of $15.80 on April 9. The fund’s secret? Amid retail’s pandemic-driven crisis, veteran VC and Board Director Bill Gurley buys ~$16M of Stitch Fix (SFIX) stock, bought 1 million shares at an average price of $15.80 on April 9. Stitch Fix, which was founded in 2011 by CEO Katrina Lake, has a board of directors that is 62.5% female, higher than their peer average of 23% according to Boardroom Alpha data. In an Oct. 15 Form 4, Gurley disclosed a purchase of 150,000 SFIX on Oct. 10 at $20.83. Everything in this blog is meant for educational and informational purposes only. Founded in 2011, Stitch Fix uses a combination of data and stylists to select clothes for subscribers. Here are the 10 most popular hedge fund managers in WhaleWisdom. Bill Gurley General Partner at Benchmark SFIX short interest (shares sold short reflecting bearish investor bets) hit 22.4 million as of Sept. 30 — an all-time high for the stock, and 43% of the stock’s freely trading shares. Stitch Fix, Inc. : $23.22. Veteran venture capitalist Bill Gurley has poured a significant investment recently into Stitch Fix (SFIX), whose stock dropped by more than half between Jan. 1 and April 1. Stitch Fix is full of passionate and caring people who build the business in a manner that motivates their team members around them. Besides Stitch Fix, his other holdings include Nextdoor.com, a neighborhood social network; HackerOne, a cybersecurity firm; Good Eggs, an online grocer; Instawork, which matches gig economy workers with jobs; and Solv, which helps consumers book same-day medical appointments with providers that accept a person’s insurance. Chairman purchases $630K as stock slides. Stitch Fix was an IPO darling after going public in 2017, with its share price tripling in the first year. Gaurav Kapadia is off to an impressive start. ... Employees at Stitch Fix Bill Gurley. He led Benchmark’s investments in companies such as Zillow and Uber, where he famously pushed for the ouster of former CEO Travis Kalanick in 2017 amidst complaints of a dysfunctional work culture, including allegations Kalanick squelched sexual harassment reports. 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