Stitch Fix Co-Founder to Reap Millions in IPO; Her Ex-Partner Is a Footnote

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Stitch Fix Co-Founder to Reap Millions in IPO; Her Ex-Partner Is a Footnote

Stitch Fix, a fashion startup preparing to go public this week, lists CEO Katrina Lake as its sole founder on its website and in documents distributed to prospective investors.

But buried in a footnote of a regulatory filing is a hint of the type of ownership conflict that often roils young companies early on. It names a co-founder, Erin Morrison Flynn, who has been scrubbed from most company records. Ms. Flynn, as it turns out, sued Ms. Lake and eventually settled with her erstwhile partner.

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