Jenny Fleiss created Rent the Runway, a company now valued at $1 billion, in the wake of the most severe economic recession the United States has seen since the Great Depression. When everyone else was panicking in 2008 and 2009, Jenny and co founder Jennifer Hyman saw an opportunity.
The problem they were trying to solve was simple enough: Looking into your closet and realizing you don’t have anything to wear to an important event, like a wedding, but don’t have the budget to buy something new. So they innovated, and created an entirely NEW way to shop by allowing women to rent designer clothing, online, for a fraction of what it actually costs.
Today, the rental, or sharing economy is booming – companies like WeWork, REI, and Zipcar make it possible for us to experience something, without the cost of ownership. But to put this in perspective, nothing like this existed at the time.
Jenny shares how she and her co founder got Rent the Runway up and running – and how they grew the business to where it is today. You’ll also hear Jenny’s philosophy on how she approaches hiring talent at JetBlack, a personal shopping service she co founded after leaving Rent the Runway, which is not only critical when you’re starting a business, but also when scaling it.
The interviewer for this episode is Scott Harris, a coach, mentor and a speaker at many of Tony’s events, including his business event, Business Mastery.
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The most important element of a passionate and soulful relationship | Giving the gift of presence
Could tragedy be your greatest classroom? | Discovering the gift of growth
How to cultivate awareness and caring | Expanding the gift of consciousness
Creating a community to call home | Discovering the gift of connection
How to live in absolute abundance | Finding the gift of gratitude
How to overcome the most unfathomable odds | Unleashing the gift of drive
How to have the emotional strength to handle anything | Mastering the gift of emotion
The 10 Gifts of Life | Introducing the Force for Good season of The Tony Robbins Podcast
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The most successful unicorn founder in history | Bill Gross shares the top 3 things he’s learned from growing 7 companies from zero to $1 billion
From hot dog cart to hospitality empire | How Danny Meyer, founder of Union Square Hospitality Group, became the greatest restaurateur NYC has ever seen
Masters of Business | An introduction to the new business season from Tony Robbins
Fear will destroy you or drive you | Tony, world-champion triathlete Siri Lindley, and Free Solo’s Sanni McCandless on how fear can fuel your fire
Mike Tyson’s road to a second chance | The polarizing highs and lows of one of the most thrilling, controversial and celebrated boxers of all time
Conor McGregor, the undeniable force | Tony talks to “The Notorious” about his unwavering certainty, ruthless mindset and how he became the king of combat sports
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