In 2017, big retail industry bright spots outside of Amazon have been few and far between. That made the rise of Stitch Fix that much more surprising — and the unfortunately rare leadership by a female founder and CEO in Katrina Lake that much more refreshing. The growth arc of the data-driven online retailer — from launch to IPO in six years — seemed like the model, modern-day VC success story. Except that’s not exactly the case. For a company of its size at such a young age, Stitch Fix raised relatively little venture capital, forcing it to become profitable earlier than most, and fund much of its growth from cash flow. Read more at Recode.