Jennifer Hyman
– Co-Founder and CEO of Rent the Runway
Inspiration from Great Business Leaders: More than 250 designer brands available, Rent clothes for 3 pairs of $ 139.
Jennifer, who grew up in the suburbs of New York City, offers luxury rental dresses, accessories and outerwear at special occasions. Last year the company had offered a monthly plan of $ 139. The user can rent three pieces for one month. This piece is sent to the email. The user can keep it with him for six months if he wishes. The special thing is that these designer pieces are insured.
“Rent and runway CEO and co-founder Jennifer’s net worth is $ 80 million”
After being out of college, Jennifer’s first job was in a travel company. After 9/11, there was a bad time for travel companies. For this the companies were ready for innovative ideas to save business. The hotel resort was the same in business company Starwood. Jennifer took it as an occasion. She saw that the gift given on the wedding often proves to be unusable. If seen, there was a fair trade gift. Jennifer was only 21 years old. She reached the direct company’s president and demanded some dollars for her to start the world’s first honeymoon registry. Originally, she wanted to prepare a method that would allow young people not to get cooked sets but instead would have the chance to go on trips and adventures. However, when she was going to the President, she did not believe her opinion would be accepted. But her idea was selected and she was given the amount. Implementation of thought has been effective. This was just a start for Jennifer. After that she came out against new ideas to rent the wardrobe. Fundraising hunter she had learned in Starwood and the enterprise skill was already in her. The trust of both of these started the rent runway in 2009. This was in the online store. Until 2015, the run-runway has collected 114 million funds and in the meanwhile, they have access to five lakh shopkeepers. More than 250 designer brands get rented here.
“Her company has 600 million dollars and 505 employees”
“3200 dresses are dry clean every hour here. This is America’s largest dry clean”
She states that when I was in college, we were motivated to declare and express our opinion. When I started working, people believed that it is not good for women to speak and stand in Confident. I also faced this mentality. After a meeting, an elderly woman caught my hand and took me away. She told me that it is not good for the girls to say so much. You should remain silent in this meeting. I found this advice when my ideas were very good. It was a boss’s idea that I was entering the meeting and it was not good for any woman. I got the advice to be a bit sweeter. This advice has given me the woman whom I would honor so much. I got this very tough advice and I started crying in the office. So SVP Jim Barra, in the company gave me the most important advice of life that just stay the same and Never let self-confidence decline. She said that it is not necessary that you are senior and that the elderly are more useful and they talk about your interest.
“The number of company members is more than 6 million”
