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JENNIFER HYMAN

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My sister spent $2,000 on a dress she wore once. That's insane. That's why Rent the Runway exists.

We operate the largest shared closet in the world. The logistics are a nightmare. But the idea is worth fighting for.

Owning a closet full of clothes you wear once each is environmentally and financially irrational.

COVID was existential for us. Nobody rented dresses when nobody went anywhere. But we survived.

The concept is simple: access over ownership. The execution is dry cleaning 200,000 items per week.

Fashion rental is inevitable. The only question is whether we prove the economics before we run out of money.