I was on book leave, in March 2023, when the news broke that Khaite, the New York-based fashion label designed by Catherine Holstein, with backing from a Pritzker and a Traina husband, had received a growth equity investment from Stripes, the firm founded by Ken Fox in 2008. While every investor has a type, Stripes’ consumer portfolio includes the outrageous Californian food emporium Erewhon (where you can buy $40 colostrum ice cream), zeitgeisty film studio A24, On (the Swiss running shoe with soles that look like teeth), Kosas (sporty-and-rich makeup), Levain (decadent cookies for decadent people who are on Ozempic), and Reformation (fastish fashion with a conscience).