#56: Jennifer Hyman, CEO and Co-Founder of Rent The Runway

No Limits with Rebecca Jarvis

ABC News

Business, Careers

4.7 • 703 Ratings

🗓️ 31 October 2017

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

If the average woman only wears about 20% of her closet, what happens to the other 80%? You might not need it anymore. CEO and Co-founder of Rent the Runway Jennifer Hyman says closets might become a thing of the past. Hyman's idea for Rent the Runway began while she was still a student at Harvard Business School and one of her first meetings involved pitching Diane von Furstenberg. On this episode, Hyman opens up about her belief in experience over ownership, offers tips on seeking venture funding as an entrepreneur, and her view of the future of retail. Congratulations to our No Limits Entrepreneur of the Week: Abby Wallach, Executive Producer and Co-Founder, ScentInvent Technologies. Find out more: http://www.lingerfragranceprimer.com/ Want to be a featured NLEOTW? Know someone who should? Send your nominations to [email protected] Learn more about your ad choices. Visit

Transcript

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0:00.0	Hey, it's Rebecca. You can hear new episodes of No Limits on Tune In four days before anywhere else.
0:08.2	I've raised more money right now than any other woman in the United States. And in order to do that against all of the odds, I've had to be confident and I've had to be a growing leader and I've had to be aggressive.
0:22.6	I encourage not only all women, but I encourage all women and men who want something for their lives to be aggressive.
0:29.6	From ABC, it's No Limits.
0:33.6	I'm Rebecca Jarvis and each week we're talking to the most bold and influential women
0:39.3	playing at the top of their game, trying to demystify success and what it really takes to get there,
0:45.9	and all the trade-offs, whether you're looking for answers or you just want to hear a good story,
0:52.0	you're in the right place.
0:57.1	On today's episode, what if someone told you that 10 or 15 years from now closets would be a thing of the past? You're about to hear
1:03.0	how Jen Hyman, rent the runways, co-founder and CEO, just might be making that a reality.
1:10.0	Okay, Jen Hyman, welcome to No Limits.
1:13.0	Hi.
1:13.7	I'm so excited to have you here with us.
1:16.5	Co-founder, CEO of Rent the Runway, you have this dramatic success story.
1:21.5	Eight years in now, right?
1:22.8	Yes.
1:23.4	Does it feel like eight years?
1:25.1	It feels both like five seconds and 50 years all at the same time.
1:30.3	You have 1,200 employees or something like that at this point?
1:33.1	Yes.
1:33.8	Let's go back to the early stages of everything.
1:36.3	Did you as a kid envision yourself being a founder?
	...

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