Rent the Runway

5 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Mar 3, 2014 by Vijay Subramanian · said 8 times in 2 episodes since 2014 · across every show →

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brought up most by Vijay Subramanian (5), Corey Pearson (1)

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Everything said about Rent the Runway, oldest first

Mar 3, 2014 positive
Assertion Not checkable as stated
Subramanian: Photo reviews are heavily used by Rent the Runway shoppers
“You actually upload a picture review, and this actually is a very commonly used feature for us. People coming to the website organically, posting pictures, talking about the event, writing reviews, which is really consumed a lot by users when they actually bro…”
Vijay Subramanian Mar 3, 2014 ▶ 3:54 Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
Mar 3, 2014 positive
Disclosure
Rent the Runway's 2014 open source stack: MySQL, Mongo, Redis, and R
“Our entire transactional stuff is, is, is on MySQL. We use Mongo for a product catalog. We use Redis to serve recommendations. We use R to do the matrix factorization. Should I touch everything? I think I did. We use tons of Python scripts for parsing the revi…”
Vijay Subramanian Mar 3, 2014 ▶ 17:39 Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
Mar 3, 2014
Disclosure
Rent the Runway built custom reverse logistics after finding no software options
“We actually tried to, by the way, buy this, you know, off the shelf. We tried, went out, we looked. No one is doing reverse logistics in this kind of scale, so we had to build everything from scratch.”
Vijay Subramanian Mar 3, 2014 ▶ 12:17 Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
Mar 3, 2014
Assertion Not checkable as stated
Rent the Runway does not make money on a dress's first rental
“As a rental business, we don't make money on the first rental, right? So, I mean, the dresses have to go through many life cycles of rentals for us to make money.”
Vijay Subramanian Mar 3, 2014 ▶ 4:47 Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
Mar 3, 2014
Insight
Shortening garment turnaround cycles directly reduces required inventory capital in rental models
“The shorter that is, the less inventory I have to buy to support demand, basically.”
Vijay Subramanian Mar 3, 2014 ▶ 11:56 Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
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