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Rent The Runway Ceo Swipes At Money-losing Tech Ipos

by businessinsider.com posted 2months ago 39 views
  In an interview with CNBC, Rent the Runway CEO Jennifer Hyman explained her approach to leading a business, stating, "I haven't been given the permission or privilege to lose a billion every quarter." Hyman's comments were seen as a dig at notoriously unprofitable companies like Uber and Lyft that raised significant funding before going public earlier this year with mixed results. Rent the Runway's most recent fundraising in March round pegged the company's valuation at $1 billion. But Rent the Runway does not disclose its own financials, include whether the privately-held company is profitable or not.

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