Hyman: Rent the Runway will become a multi-billion dollar company
Jenn Hyman · Rent The Runway: Jenn Hyman · Aug 7, 2017 · at 45:06
Jenn Hyman is the co-founder and CEO of Rent the Runway, discussing her long-term ambition for the fashion subscription and rental company.
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“I was always confident that I would turn Rent the Runway into a consumer behavior that millions of people did, and that I would build a, you know, I still believe we're going to build a multi-billion dollar company.”
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More from Jenn Hyman
Hyman: Dismissing fashion as trivial during the pandemic is an anti-feminist crusade
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Jenn Hyman: One investor sexually harassed her while building Rent the Runway
“I, through the process of building Rent the Runway, was sexually harassed by one individual, and I'm happy to share that experience. However, I will say that I've had interactions with dozens and dozens of venture capitalists at dozens of firms, and this was j…”
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“A customer will speak about their value of sustainability or local, but in reality, when they take out their wallet, what they care about is they just like the way that product looks and the value, the way they feel, the like, they like the way they feel in th…”
Hyman: Remote work may be the best thing for women's empowerment
“This actually may be the best thing to ever happen to women's empowerment. You know, the idea of more remote work and to trust that we can do it in a more livable, thoughtful way. This actually may be the thing that levels the playing field.”
Hyman: Wardrobing return rate was 70% at Neiman Marcus, 35% at Macy's
“The theft rate, so the rent the runway rate at Macy's is only 35%, whereas at Neiman Marcus it's 70%, proving once and for all rich people steal more than poor people.”
Hyman aimed to build Rent the Runway into a $100 billion company
“Yeah, so I'm here to build a hundred billion dollar company, and To change the way we get dressed every single day all over the world, and to democratize what I think is one of the most elite industries on earth, and one of the most wasteful industries on eart…”