The story behind Rent the Runway’s first check

The story behind Rent the Runway’s first check

When Lease the Runway co-founders Jennifer Fleiss and Jennifer Hyman got their very first term sheet, it had an
blowing up stipulation in it: If they didn’t sign the deal in 24 hours, they would lose the offer. The co-founders, then trainees at Harvard Organisation School, were prepared to commit, however their lawyer recommended them to stop briefly […]
, as the company reportedly was eyeing an IPO. In 2009, Fleiss and Hyman were successful Harvard Service School students. In an attempt to check their thesis that ladies would pay to lease (and return)high-end clothing, Fleiss and Hyman began doing trunk pop-up reveals with 100 dresses. On one occasion, they leased out a Harvard undergraduate dorm room typical hall and welcomed sororities, trainee activity organizations and a handful of investors….