Originally published in the New York Business Journal
When Jennifer Hyman and Jenny Fleiss were attending Harvard Business School, it gave them an intellectual oasis to test out among classmates and professors their idea for Rent the Runway. Five years later, the dress-rental concept has amassed 5 million members and $100 million in venture backing and they realize how lucky they were for the time they had to develop the concept.
But not every woman gets that type of opportunity, which is why Fleiss says she and Hyman have joined with financial giant UBS to launch Project Entrepreneur, and separately to kick off their own not-for-profit organization, the Rent the Runway Foundation, Tuesday. Read More.