Introduction
In the ever-evolving world of fashion, Jennifer Hyman stands as a beacon of innovation and accessibility. As the co-founder and CEO of Rent the Runway, she has revolutionized the way women experience luxury and style. Beyond her business acumen, Jennifer’s life journey offers valuable lessons for all of us. Let’s delve into her remarkable story, uncovering the magic behind 29,031 dresses and the impact she’s made.
1. The Birth of Rent the Runway
Jennifer Hyman’s entrepreneurial journey began with a simple question: why buy when you can rent? In 2008, she observed her sister agonize over an expensive dress purchased for a single event. The lightbulb moment struck, and Rent the Runway was born. This platform democratizes fashion by allowing women to rent designer dresses and accessories for special occasions. No more closet clutter or buyer’s remorse; just elegance on demand.
2. The Rise of a Fashion Disruptor
Hyman co-founded Rent the Runway in 2009, and the company swiftly gained momentum. But her impact transcends business success. In 2019, she earned a spot on Time magazine’s 100 Most Influential People list, a testament to her game-changing approach. Moreover, she became one of the 30th women ever to take her company public, shattering glass ceilings for female entrepreneurs.
3. The “Closet in the Cloud”
At the heart of Rent the Runway lies the “Closet in the Cloud.” Imagine having access to a vast collection of designer pieces—like having your dream wardrobe available anywhere, anytime. Hyman’s vision democratizes luxury, making couture attainable for all.
4. From Harvard to Fashion Icon
Jennifer Hyman’s journey began at Harvard University, where she earned her BA in social sciences. Later, she pursued an MBA at Harvard Business School, where fate introduced her to co-founder Jennifer Fleiss. Their partnership birthed a fashion revolution—one that marries technology, style, and convenience.
5. Advocacy and Breaking Barriers
Hyman isn’t just a CEO; she’s a vocal advocate. She fearlessly addresses issues like sexual harassment in the tech industry, sharing her own experiences. Her voice amplifies the struggles and triumphs of women everywhere.
6. Honors and Legacy
Fortune magazine recognized her as part of the 40 Under 40 cohort in 2012. People Magazine’s 2020 Women Changing the World feature solidifies her legacy. But beyond accolades, Jennifer Hyman’s impact lies in the countless women who’ve donned those 29,031 dresses—each one a story of empowerment and confidence.
7. Family and Personal Life
Jennifer’s family plays a significant role in her life. She is married to Benjamin Stauffer, a television editor. Together, they share a daughter named Aurora. Her parents, Dov Hyman and Linda Hyman, have undoubtedly influenced her journey. Jennifer’s siblings—brother Josh Hyman and sister Becky Leader—form a supportive network.
8. Influence, Achievements of Jennifer Hyman
Known for her entrepreneurial spirit and business acumen, she has raised over $190 million from top venture capitalists. Her influence extends beyond financial success; she has become one of the most accomplished female startup leaders in the U.S.
- She has a team of 1100 out of which 60% is female, 70% minority, identified as one of “The Best Places to Work” in New York.
- The company currently has 4 million members and 250 designer brands.
- One of the most accomplished female startup leaders in the U.S. has raised over $190M from top venture capitalists.
- She has also worked as a spokesperson for Rent the Runway. Apart from these, she has been featured on numerous television programs including NBC’s Today and ABC’s Good Morning America.
Connect with Jennifer Hyman
Follow her journey on social media:
- Twitter: @Jenn_RTR
- Instagram: @jenniferhyman
Conclusion: 30000 Dresses, Infinite Possibilities
Jennifer Hyman’s vision transcends mere numbers. It’s about empowering women, embracing technology, and redefining fashion norms. So here’s to Jennifer—the visionary who turned 30000 dresses into a runway of dreams!
