The newest 'Shark Tank' judge explains how a Harvard MBA fit into her decision to become an entrepreneur — and how she founded a personal styling company worth $1.9 billion

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The Stitch Fix founder and 'Shark Tank' judge reveals how she started her company — and how going for an MBA mitigated the risks of entrepreneurship.

When Lake was considering business school, however, she didn't know that Stitch Fix would succeed as spectacularly as it did. Lake hasthat she was "risk-averse" growing up, and even thought about applying to medical school. That perspective on risk should be interesting to watch, as Lake is going to be a guest judge on the newest season of Shark Tank.

The idea for a company in the retail space had already taken root by the time she applied to business school, but she didn't outright admit in her essays that she wanted to start a company. When she got to campus, though, she did everything around entrepreneurship that she could, in classes and clubs and everything in between.

 

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