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One of the few Black C-suite execs in tech is starting a firm to invest in Black, Latinx, and women entrepreneurs | Vox

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One of the few Black C-suite execs in tech is starting a firm to invest in Black, Latinx, and women entrepreneurs | Vox

Stitch Fix’s Mike Smith is leaving the online apparel retailer.

 

Jason Del Rey, Vox

Mike Smith is a versatile and well-respected executive in the e-commerce industry. He also happens to one of the few Black C-level leaders in tech.

Now he wants to play a bigger role in changing that.

Smith has served as president, COO, and interim CFO over eight-plus years at Stitch Fix, the online apparel retailer and personal styling service. But he told Recode on Thursday that he plans to leave his executive role at the $4 billion publicly traded company in the coming months to start a venture capital firm. His goal is to get more money into the hands of tech entrepreneurs from underrepresented backgrounds, namely Black, Latinx, and women founders.

 


Featured Image, Stitch Fix’s COO Mike Smith knew about North Texas from his days of working with Wal-Mart’s online sales division. (Stitch Fix)
Full Article @ Vox