One of the few Black C-suite execs in tech is starting a firm to invest in Black, Latinx, and women entrepreneurs

Mike Smith is a versatile and well-respected executive in the e-commerce industry. He also happens to one of the few Black C-level leaders in tech.

Now he wants to play a bigger role in changing that.

Smith has served as president, COO, and interim CFO over eight-plus years at Stitch Fix, the online apparel retailer and personal styling service. But he told Recode on Thursday that he plans to leave his executive role at the $4 billion publicly traded company in the coming months to…

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