A Quote by Jennifer Hyman
I have no desire to sell Rent the Runway. I have a 50-year vision for Rent the Runway, at least, to change consumer behavior and actually put the closet in the cloud.
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At Rent the Runway, we rent designer clothes. We have a belief set that half of the closet over time is going to move into the cloud, and a portion of what we wear every single day will be comprised of things that we don't own forever.
Almost every one of us interacts with the experience or sharing economy every day, and I'm proud that Rent the Runway has helped to popularize and normalize this behavior.
Things have to sell, of course, but if I don't want to put bags on the runway, we don't put bags on the runway. I have complete creative control.
If I am looking to impress people, I'll be in a Rent the Runway dress and great accessories.
Always make sure you have your rent. At the end of the month, if you have to eat Ramen for a week because you won't have your rent money, just do it but make sure your rent is all there so you're not stressing about that. As long as you have your rent at least you have somewhere to live.
I sleep around 8 hours, but I tend to wake up several times a night with constant dreams, thoughts, and ideas related to Rent the Runway.
In the early years of Rent the Runway, our challenge was twofold: getting investors to buy into our vision for how the world was changing and getting women to understand that renting was a viable - let alone a smarter - alternative to spending hundreds of dollars on dresses they would wear just once.
One of Rent the Runway's core values is 'Trust in Everyone's Best of Intentions.' We trust our team.
All that Rent the Runway has really done is we've opened up the technology and logistics to make it possible to have the customer decide how long she needs an article of clothing for.
I was sexually harassed while building Rent the Runway - propositioned, sent sexual text messages, harassed and threatened in person.
If you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.
The idea of going into the property business and collecting rent four times a year and waiting for five-year rent reviews has limited appeal.
Partnering with Rent the Runway's innovative model, combined with their affinity amongst millennials, provides an exciting opportunity for us. Together, we're helping the next generation of luxury consumers discover and fall in love with designer fashion.
I don't feel that comfortable being on the runway with a G-string. I shoot G-strings with Victoria's Secret, but on the runway... It's really about the moment. I work with professionals. Professional people make everything look perfect, they make everything that you're wearing look great, if it's in a picture or on the runway.
I didn't wake up one day and want to become an entrepreneur. I had the idea for Rent the Runway and thought it would be fun to work on and also thought if it was successful, it would make women feel great about themselves.
Success is not something you own; it's something you rent, and the rent is due every day. When you stop paying rent on success, you start paying the rent on failure.
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