1min 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

The Differences Between SaaS and Consumer Subscription Businesses

Lumping all subscription businesses together is as wonky as when I used to say that we shouldn't be thought of as an apparel company. So looking at Ren the runway versus a SaaS company doesn't really make sense because the P&L is just completely different. Even people that don't care about fashion are buying about 70 articles of apparel per year. That's one every five or six days. It's crazy. The customer clearly cares about variety.

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