INSEAD | Ms. Social Business
GMAT 750, GPA 4.0
Stanford GSB | Mr. Healthcare AI
GRE 366, GPA 3.91
Harvard | Ms. Risk-Taker
GRE 310 (to retake), GPA 3 (recalculated)
HEC Paris | Ms. Freelancer
GMAT 710, GPA 5.3
Harvard | Mr. Hedge Funder
GMAT 790, GPA 3.82
Chicago Booth | Mr. Non-Profit Latino
GMAT 710, GPA 3.06
Harvard | Mr. Fresh Perspective
GRE 318, GPA 3.0
USC Marshall | Mr. Supply Chain Guru
GMAT GMAT Waiver, GPA 2.6
Kellogg | Mr. Danish Raised, US Based
GMAT 710, GPA 10.6 out of 12
Harvard | Mr. Green Energy Revolution
GMAT 740, GPA 3.4
Harvard | Mr. MPP/MBA
GRE 325, GPA 3.6
Harvard | Ms. Analytical Leader
GMAT 760, GPA 3.9
Stanford GSB | Mr. MBB to PM
GRE 338, GPA 4.0
Stanford GSB | Mr. Technopreneur
GRE 328, GPA 3.2
Berkeley Haas | Mr. Hanging By A Thread
GMAT 710, GPA 3.8
London Business School | Mr. College Dropout
GMAT 690, GPA NA
Harvard | Mr. MBB Latino Engineer
GMAT 710, GPA 3.75
Stanford GSB | Ms. Top Firm Consulting
GMAT 710, GPA 3.7
INSEAD | Mr. Truth
GMAT 670, GPA 3.2
INSEAD | Mr. Powerlifting President
GMAT 750, GPA 8.1/10
Harvard | Mr. Mojo
GMAT 720, GPA 3.3
Ross | Mr. Law To MBA
GRE 321, GPA 3.77
Stanford GSB | Mr. Failed Startup Founder
GMAT 740, GPA 4
Wharton | Mr. African Impact
GMAT 720, GPA 3.8
Harvard | Mr. Sommelier
GMAT 710, GPA 3.62
Wharton | Mr. MBA When Ready
GMAT 700 (expected), GPA 2.1
Kellogg | Mr. AVP Healthcare
GRE 332, GPA 3.3

The Harvard MBA Behind Stitch Fix

Still, it wasn’t easy. Having previously worked as a associate for Leader Ventures before B-school, Lake knew firsthand that investors could be skittish about women’s clothing. “There just aren’t that many venture investors who are excited about writing a half-million-dollar check to go buy a bunch of clothes, which is quite literally what we had to do to get the business off the ground,” she points out. Plus, most investors are men and few want to sit on the board of a female-fashion startup. Lake recalls one investor who loved the idea, the team, and the company’s prospects but ultimately turned them down because he simply couldn’t get excited about styling for women.

COMPANY ALREADY BOASTS AT LEAST $16.75 MILLION IN INVESTMENT BUT PROBABLY MUCH MORE

Luckily, dealing in pumps, cardigans, and the latest denim trends doesn’t deter investors anymore. In February 2013, the company closed $4.75 million in a Series A led by Baseline Ventures and Lightspeed Venture Partners. In October 2013, the startup secured another $12 million in a Series B led by Benchmark. Re/code reports a Series C of $30 million, but Lake says the number is unconfirmed.  Either way, the company boasts at least $16.75 million in investment.

As for advice to MBAs with the entrepreneurial itch, Lake recommends creating a wishlist of people you want to meet. Even when an investor turned her down, she’d ask for feedback and introductions. Big Data guru Eric Colson was on her wishlist and eventually joined Stitch Fix as chief algorithms and analytics officer. She met him when the company was still in its infancy with only five employees. “He had no place working for us at that time, but if you can talk to the right people early, and they can see you’re growing at 1,000%, and oh wow, you’ve done this, and they can experience it … that was something that paid off,” she says.

As for leaving the Bay for Harvard and taking out loans, Lake has no regrets. “I felt like  it was a great place to start a business because there was definitely an energy and an enthusiasm for people starting businesses … it was a really nice balance of having support and excitement  but at the same time not being over pushed into being an entrepreneur,” she says.

For Lake, the experience has been  “Truthfully, maybe I didn’t dream big enough, but this has definitely surpassed any expectations I could have had of what we could have done,” she says.

DON’T MISS: Rent the Runway’s Harvard Founders and The Enterprising Harvard MBAs Behind Birchbox