Up until now, ecommerce valuations have been relatively reasonable compared to social media valuations. As Aileen Lee of Kleiner Perkins and Kevin Ryan of Gilt Group discussed on stage at Disrupt, there’s resistance for these companies’ prices to get too out of control because frequently the margins are tight and scaling up takes time and investment.
Also, ecommerce companies have a pretty clear… → Read More
Rent the Runway’s slogan might as well be: Friends don’t let friends wear H&M to the most important events in their lives. The company solves the perennial “closet full of clothes and yet nothing to wear” problem that most women face, by allowing them to rent designer clothes for a big event for about 10% of the price.
It’s clearly a problem women have. The question– like most rental… → Read More
Rent The Runway, a Netflix for designer clothes, has raised $15 million in funding according to an SEC filing. The startup does exactly what it’s name indicates: it allows anyone to rent designer clothes for a fraction of the price.
Once you pick a design on the site that you’d like to wear, you can schedule a delivery date. Rent The Runway will send two sizes, to ensure that you receive a dress… → Read More