StockX is prepping to go public next year, and ahead of the announcement, it’s building up its board of directors.
Business Insider reports that the online retail marketplace has appointed former TaskRabbit CEO Stacy Brown-Philpot as its first female director to its board. In addition, she will continue to serve on the boards for HP Inc., Nordstrom, weight loss app, Noom, and act as a founding member of the SB Opportunity Fund — an investment firm focused on backing founders and entrepreneurs of color.
According to Insider, Brown-Philpot’s pride as a Detroit native is what encouraged her to join StockX’s board.
“I’ve been following StockX for a long time because I’m from Detroit and this is one of the most successful companies to be started out of my hometown,” she tells the outlet exclusively.
With her years of expertise in consumer marketplaces, StockX CEO Scott Cutler is confident that Brown-Philpot’s dedication to creating opportunities for diverse communities will help bring a fresh perspective to StockX’s board.
“As we grow, we must also expand the voices that guide us,” he told Insider, “ensuring we have the right experience, perspective and knowledge.”
Prior to her years at Taskrabbit, Brown-Philpot worked at Google as director of global consumer operations and before that she was a senior analyst at Goldman Sachs. She’s a firm believer in StockX’s success as a Detroit-based company and notes that being located in Silicon Valley is no longer a requirement for tech companies to grow and thrive in the industry.
“I think if Detroit became Silicon Valley, that would be bad for Detroit and everybody,” she tells Insider.
Other cities like Atlanta are already giving the renowned tech hub a run for its money with a growing network of Black techies and entrepreneurs. For them, they’re looking for community and opportunity and are settling into non-white dominated spaces to find them.
