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Podcast: Decoder with Nilay Patel
Episode: Rent the Runway CEO Jennifer Hyman thinks clothing rental is inflation-proof
Description: Today we’re talking to Jennifer Hyman, co-founder and CEO of Rent the Runway.Rent the Runway is a a pretty simple idea: it’s a clothing rental and subscription business for women which launched in 2008. The basic idea is pretty simple: you can rent clothes one by one, and Subscribers pay a certain monthly amount for a certain number of pieces that they can swap out anywhere from 1 to 4 times a month depending on the tier of their membership. Rent the Runway also lets customers buy secondhand clothing either after they rent it or j...