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Networth and Chill with Your Rich BFF

From Idea to Empire: Jennifer Hyman on Building Rent the Runway

Networth and Chill with Your Rich BFF

Vivian Tu

News, Business, Careers, Business News, Entrepreneurship

4.41.6K Ratings

🗓️ 15 October 2025

⏱️ 49 minutes

🧾️ Download transcript

Summary

Live from NYC, it’s Networth & Chill! Vivian sits down with Jennifer Hyman, co-founder and CEO of Rent the Runway, to explore her groundbreaking journey revolutionizing the fashion industry and redefining how women access luxury. From Harvard Business School idea to billion-dollar disruptor, Jennifer shares the bold decisions, calculated risks, and resilient mindset that built her empire. Whether you're contemplating launching your own venture, or wondering how to turn an unconventional idea into serious wealth, Jennifer breaks down the real talk on scaling a business, and navigating setbacks that could make or break your financial future. If you've ever dreamed of building something from scratch or wondered what it really takes to go from startup founder to CEO of a company valued in the hundreds of millions, this episode is your insider playbook. Check out Rent the Runway Follow the podcast on Instagram and TikTok! Got a financial question you want answered in a future episode? Email us at [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Needing to survive has actually been part of the journey every single day for 15 years that I've never actually felt comfortable.

0:07.0

Ever?

0:08.0

No. There have been really bad times like COVID where we all wore pajamas for two, three years.

0:15.0

We had to hunker down. We had to cut dramatic costs. We had to let go of a lot of people. We had to raise debt. You know,

0:23.6

you're in a once in a hundred year pandemic and you had to like keep the business alive.

0:31.6

What's up, Rich friends? Welcome back to another episode of Networth and Chill with me,

0:40.3

your host, Vivian 2, aka Your Rich BFF and your favorite Wall Street Girlie. Thank you all so much

0:47.2

for coming out tonight, and a huge thanks to Botox Cosmetics, The Confidence Project,

0:52.3

Empowering Women Entrepreneurs for making today's episode possible. The Confidence Project, empowering women entrepreneurs for making today's episode possible.

0:56.2

The Confidence Project is an incredible program aimed at supporting entrepreneurs through skill

1:00.8

building, mentorship, and access to community and grant funding. And to start off today's

1:07.0

show, I would like to quote a great philosopher, Lizzie McGuire. I may be an outfit

1:15.0

repeater, but you're an outfit rememberer, which is just as pathetic. As my career has progressed,

1:23.0

I have found myself in many last-minute fiascos where I book an interview or a speaking event,

1:29.2

and I need to have something to wear that lets me put my best foot forward.

1:32.8

And if we're being honest, my PR team is getting really tired of me wearing that same tan

1:38.9

blazer for every single event where I'm going to be photographed.

1:42.9

And that means I end up having to drop

1:44.7

hundreds, if not thousands of dollars at the 13th hour just to have something new and shiny and

1:51.0

fun to wear. When does the hamster wheel of buying a new outfit ever end? It feels like my wardrobe

1:58.1

is never big enough, and no matter what I'm buying, I have nothing

2:02.2

cute to wear.

...

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