Factors Of Production Timeline by Monet Kallevig https://padlet.com/kalmon21/99r0cknkv8hoauyc Rent The Runway Jenn Hyman en-us 2023-03-01 00:05:43 UTC 2023-03-01 03:28:28 UTC hello@padlet.com 2008: Jenn Hyman and her co-founder Jennifer Fleiss were classmates at Harvard Business School. They came up with the idea for Rent the Runway after realizing that there was a gap in the market for women who wanted to wear designer dresses for special occasions but didn't want to spend a lot of money. She saw an opportunity and decided to pursue it. kalmon21 https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498755122
Factors of production: Entrepreneurship



]]> 2023-03-01 00:07:08 UTC https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498755122 In November 2009, Rent the Runway launched as an e-commerce website offering designer dress rentals. They started with just 150 dresses and a small team working out of Jennifer Fleiss's apartment. kalmon21 https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498763254 Factors of Production: Entrepreneurship ]]> 2023-03-01 00:16:54 UTC https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498763254 In 2012, Rent the Runway raised $24.4 million in Series B funding and opened their first physical store in New York City. kalmon21 https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498763835 Factors of production: Land and Capitol]]> 2023-03-01 00:17:44 UTC https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498763835 In 2010, Rent the Runway raised $1.7 million in seed funding, which they used to expand their inventory and hire more staff. kalmon21 https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498863719 Factors of Production: Labor]]> 2023-03-01 02:10:18 UTC https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498863719 In 2012, Rent the Runway raised $24.4 million in Series B funding and opened their first physical store in New York City. kalmon21 https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498867810 Factors of Production: Capitol]]> 2023-03-01 02:14:59 UTC https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498867810 In 2015, Rent the Runway opened a second physical store in Washington D.C. and expanded their subscription service to include designer jewelry. kalmon21 https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498913534 Factors of Production: Land (materials used to start including jewerly- diamonds, stones, etc.)]]> 2023-03-01 03:09:19 UTC https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498913534 In 2017, Rent the Runway opened a third physical store in Chicago and launched a partnership with Neiman Marcus to offer rentals in select stores. kalmon21 https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498914549 Factors of Production: Capitol]]> 2023-03-01 03:10:41 UTC https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498914549 In 2019, Rent the Runway opened a fourth physical store in San Francisco and launched a partnership with W Hotels to offer clothing rentals to hotel guests. kalmon21 https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498915651 Factors of Production: Capitol

Source used throughout padlet below
https://mastersofscale.com/jenn-hyman-the-secret-business-behind-the-business/#chapter-1-master-the-business-behind-your-business]]> 2023-03-01 03:11:47 UTC https://padlet.com/kalmon21/99r0cknkv8hoauyc/wish/2498915651