5min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: The Rent the Runway Memo: How Paid Marketing & Growth Hacking Ruined a Generation of Companies, When Will Rent the Runway Be Profitable & How Does it Compare to Other Fashion Co's and Why "I Wish I Ran My Startup Like a Public Company"

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

How to Hire a Great Company

I don't believe in hiring fast. I think most of the time, like, our gut feelings are pretty untargeted. The way that I run the company today as a public company is how I wish I had run it more as a private company. Everything about Run the Runway is different. We're not a fashion company. We are a technology logistics data company that happens to be in the fashion business. It's very clear to see and distinguish what are the aspects of your business model and your P&L that actually give you a competitive advantage. What are the aspects where you're falling behind? As a public company, because I was evaluated against a lot of other apparel companies

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