Bill Gurley: Unicorns need to grow up

CNBC| Fri Nov 17 10:00:16 EST 2017
Influential venture capitalist Bill Gurley says it's time for Silicon Valley's "unicorns" to grow up. Gurley, a partner at venture capital firm Benchmark, talked to CNBC's following the IPO of Stitch Fix, an e-commerce fashion start-up backed by his firm. Stitch Fix priced shares at $15, below its expected range, but the stock is up about 13% in its first day of trading. But Gurley saw its debut as a huge success because the company had kept a low profile during the fund-raising stage and has been profitable for some time. He said: "One of the unique things about Stitch Fix relative to all the unicorns in Silicon Valley is they've run a very disciplined and profitable approach. They've been ..

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Stitch Fix shares began trading on the Nasdaq stock exchange at $16.90 apiece Friday morning, having priced at $15 the night before. The stock skyrocketed more than 20 percent on i....
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"My path as an entrepreneur has not always been easy," Stitch Fix Founder and Chief Executive Officer Katrina Lake told CNBC's "Squawk Alley" Friday about being a woman in Silicon ....
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