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

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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