How I Built This with Guy Raz cover image

How I Built This with Guy Raz

Advice Line with Jenn Hyman of Rent The Runway

Mar 13, 2025
Jenn Hyman, co-founder and CEO of Rent the Runway, shares her entrepreneurial wisdom while advising early-stage business owners. She tackles the importance of valuing artisan craftsmanship for local apparel, and emphasizes how letting go of ego can enhance leadership effectiveness. Conversations include strategies for raising capital in sustainable fashion and achieving significant revenue for beauty brands. Hyman offers insights on the evolution of fashion rentals and the emotional resilience needed in entrepreneurship, inspiring listeners on their journeys.
45:54

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Jenn Hyman emphasizes the importance of maintaining humility and a low ego as essential traits for enduring success in leadership and entrepreneurship.
  • Emerging entrepreneurs are encouraged to understand customer needs and leverage partnerships, as collaborations can provide vital resources for scaling their businesses.

Deep dives

The Evolution of Rent the Runway

Rent the Runway began as a platform for renting high-fashion clothing, allowing customers access to designer items without the significant costs associated with purchasing them. Over time, the company pivoted its business model, integrating subscription services that catered not only to special events but also to everyday casual wear. This shift highlights the growing normalization of clothing rental among consumers, who now readily rent items like denim for casual outings. As the brand seeks to expand, it collaborates with designers through revenue-sharing models, which allows for a diverse inventory that serves as a marketing channel for partner brands.

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