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.
Abby Wambach leads the pack | The World Cup champion on how to turn failure into fuel
The Wonder Woman who might save your life | Meet Martine Rothblatt, Sirius XM co-founder who now creates life-saving technologies
Secrets of peak performance | What you can learn from Tony’s work with the best athletes and coaches in the world
Becoming Michael Phelps | Tony talks to the greatest Olympian of all time about the art of the comeback, what it means to win, and the power of pushing through
From home-business to billion-dollar fitness empire | Orangetheory Fitness’ meteoric rise to the top
The insatiable fight inside UFC’s Dana White | How one man’s passion and vision led the UFC to the ultimate comeback
Timing is everything | Daniel Pink on the best time for meetings, taking breaks and creative breakthroughs
The Unflagging Faith of Nick Foles | How the NFL’s star quarterback overcame his fears and self-doubt to find freedom – and success
The Power of Unity | Tony and Pastor Miles McPherson discuss the third option to healing the racial divide
Shaun White’s Ultimate Redemption | Tony finds out how this Olympian and X-Games champion made a single decision that led him to greatness
Recover your true self | Tony, Russell Brand and Mary B on freeing yourself from the addictions and attachments that control your life
Do you want to be happy? | Tony, Sage and Michael Singer on breaking patterns and finding inner peace
Introducing the winter episodes
Is it time to let go? | Making the difficult decision to end a relationship
Are you with the right person? | Tony explains the importance of selecting your partner consciously
The #1 decision you will ever make | Create a life shaped by decisions you control, not conditions that you can’t
Beat work-related stress – forever | Tony shows business owners how transform their most stressful thoughts into fuel for success
Discover your subconscious patterns | Ask this one question and you’ll know why you do the things you do, says Tony
Why love isn’t enough | Tony shows a couple how to build a lasting partnership through communication and self-awareness
Where can you win? | Tony shows Darcy the power of a niche business that can scale
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