Rent The Runway: Jenn Hyman (2018)
2018-10-15 · 54 min · episode 118 · 5 entities
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Feed author/publisher: Guy Raz | Wondery
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Feed category: Business
Entities found in this episode
persons 3
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Feed author/publisher: Guy Raz | Wondery
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Feed author/publisher: Guy Raz | Wondery
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Rent The Runway: Jenn Hyman (2018)
concepts 2
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Feed category: Business
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Feed category: Business
Episode description as stored
Jenn Hyman got the idea for Rent the Runway in 2008, after she watched her sister overspend on a new dress rather than wear an old one to a party. Jenn and her business partner built a web site where women could rent designer dresses for a fraction of the retail price. As the company grew, they dealt with problems that many female entrepreneurs face, including patronizing investors and sexual harassment. Despite these challenges, Rent The Runway now rents dresses to nearly six million women and has a reported annual revenue of $100 million. PLUS in our postscript "How You Built That," we check back with Monica Mizrachi and her son Solomon who built EzPacking, a business that sells sets of clear squishy plastic packing cubes. (Original broadcast date: August 7, 2017.)
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