Jennifer Hyman Biography

Short Summary

Jennifer Hyman is a prominent American entrepreneur best known as the co-founder and CEO of Rent the Runway, a fashion technology company that pioneered the concept of renting designer apparel and accessories. Her innovative approach to fashion has disrupted traditional retail models and provided consumers with affordable access to luxury fashion. Hyman's leadership and vision have not only transformed the fashion industry but also empowered countless women through sustainable and accessible fashion choices.

Early Life & Education

Jennifer Hyman was born and raised in New Rochelle, New York. Her early life was marked by a supportive family environment that encouraged education and ambition. She attended Harvard College, where she earned her undergraduate degree, and later pursued a Master of Business Administration from Harvard Business School. During her time at Harvard, she developed a keen interest in business and entrepreneurship, laying the foundation for her future ventures. Her early influences included her family and the dynamic business environment at Harvard, which inspired her to think creatively about consumer needs and market gaps.

Career Highlights

In 2009, Jennifer Hyman co-founded Rent the Runway with Jennifer Fleiss, marking a significant milestone in her career. The company introduced a revolutionary business model of renting high-end fashion items, making luxury accessible to a broader audience. Under her leadership, Rent the Runway expanded rapidly, partnering with top designers and launching additional services such as a subscription model. Hyman’s strategic vision and innovative thinking have earned her recognition as a trailblazer in the fashion industry, leading to numerous accolades and a prominent position in the business world.

Major Achievements

Co-founded Rent the Runway, revolutionizing the fashion rental industry.
Named one of Fortune's "Most Powerful Women Entrepreneurs."
Expanded Rent the Runway to a multi-million dollar business.
Advocated for workplace equality and diversity within the fashion industry.

Famous Quotes

"The future of fashion is about access, not ownership."
"Empowering women is not just a mission; it's a necessity."

Interesting Facts

Jennifer Hyman was inspired to start Rent the Runway after seeing her sister struggle to afford a designer dress for a wedding.
She has been a vocal advocate for workplace diversity and gender equality.
Hyman has been featured in various media outlets for her entrepreneurial achievements.
She serves on the board of several nonprofit organizations.

Legacy / Influence

Jennifer Hyman’s impact on the fashion industry is profound, as she has redefined consumer access to luxury fashion through Rent the Runway. Her work has inspired a shift towards sustainability and shared economy models, influencing how consumers engage with fashion. Beyond business, her advocacy for gender equality and workplace diversity has left a lasting imprint on corporate culture.