Mike Smith built Walmart's $5 billion e-commerce division, took Stitch Fix public, then raised $400 million for his own venture fund
Billionaires Africa | 02.04.2026 22:18
Mike Smith has spent more than two decades building businesses that most venture capitalists only study from the outside. The co-founder and general partner of Footwork, a venture firm that has raised $400 million across two funds, did not arrive at investing through the traditional pipeline of investment banking or management consulting. He came through the operating floor, where the problems are logistical, the margins are thin, and the consequences of bad decisions show up in quarterly earnings.
