Rent the Runway

The disappearance of Bolt Mobility shows how corrosive depreciation can be for IRL startups

With the apparent demise of Bolt Mobility, the divide between technology businesses and those that are merely tech-enabled is back at the forefront of our minds.

Formalwear-focused Queenly makes first acquisition after posting rapid early-2022 growth

Queenly, a startup building a garment marketplace aimed at dressing women for formal events, announced this morning that it has purchased Mi Padrino, a company built to serve the quinceañera market.

London’s By Rotation is taking its p2p fashion rental app stateside

Fashion rental platforms had a tough time during the pandemic as in-person events evaporated and office workers ditched their smarts to collectively slip into comfy loungewear. But as the pandemic rec

Choose your job title before you name your startup

The ability to quickly spin up a team and launch something is clearly the core of what makes startupland so special (and, candidly, fun to write about).

Investors bet that Sweetgreen will make sweet amounts of green

Getting a nearly 9x revenue multiple for running a food business is wildly good. That's what, 2015 software prices for salads? How can we call it anything but a win?

TechCrunch+ roundup: Growth budgets, hiring tips, zero-party data Twitter Space

Are you curious about marketing with zero-party data? Join a Twitter Space with with Ben Parr, president and co-founder of Octane AI, tomorrow at 3 p.m. PST/6 p.m. EST.

Runway raises $2M seed, launches its ‘air traffic control’ system for mobile app releases

Runway, a startup that emerged from the challenges that faced Rent the Runway’s first iOS team, is now exiting beta and launching its service that simplifies the mobile app release cycle —

Rent the Runway co-founder Jenny Fleiss and Volition Capital’s Larry Cheng talk early-stage fundraising on TechCrunch Live

Rent the Runway is more than 10 years old now and has raised upwards of $500 million, recently filing to IPO at a valuation north of $1 billion. Jenny Fleiss is a co-founder at Rent the Runway and sit

Sweetgreen’s IPO pricing guidance illuminates valuation range for tech-enabled companies

Sweetgreen's IPO pricing is fascinating because it fits neatly into our budding thesis regarding the value of tech-enabled companies when they go public.

Female founders are making a buzzing, venture-backed comeback

We’ll have a clearer view of 2021 when all the data trickles in after the conclusion of Q4, but it’s clear that female-founded startups are having a better year than they did in 2020.

Allbirds prices IPO above range, putting more points on the board for DTC startups

Allbirds' IPO pricing backs up our view that tech-enabled unicorns going public can hope for an upper-single-digit revenue multiple provided they can make a good case to public market investors.

TechCrunch+ roundup: BNPL competition heats up, Bowery Farming TC-1, Silicon Valley dreams

Is Southeast Asia about to hit an inflection point for tech startups? Four hundred million people in the region already use the internet, but by year’s end, one estimate suggests that 80% of the

NerdWallet’s IPO proves you can write your way to a unicorn valuation

We can put a value on NerdWallet's business of as much as $1.25 billion. That must be more than $1 per word that NerdWallet has published, implying a pretty good return on scribbling.

Allbirds flotation should help the market sort the value of tech-enabled IPOs

Allbirds gave us pricing information for its IPO this week, providing another window into the world of tech-enabled valuations.

Rent the Runway’s IPO pricing indicates bullish market for unicorns of all stripes

We can't help but read Rent the Runway's IPO pricing as not only good news for unicorns, but also for tech-enabled unicorns.

TechCrunch+ roundup: Slashing technical debt, IPO analysis, your first comms hire

Early-stage entrepreneurs eager to ship usually spend more time calculating their startup’s burn rate than selecting an optimal development environment. As a result, technical debt can accumulate.

Working to understand Rent the Runway’s IPO valuation

If we make critical remarks about Rent the Runway's business, we're not mocking the market demand it is working to meet. We're noting that it is perhaps undercharging, which makes some numbers wonky.

GitLab raises IPO range, targeting valuation of as much as $11B

At $11.7 billion, GitLab would be worth around 50x its current annualized revenue run rate.

How to sell clothes online and actually make money

Hello and welcome back to Equity, TechCrunch’s venture capital focused podcast where we unpack the numbers behind the headlines. This is our Wednesday show, the time of the week when we niche down t

Udemy files to go public on back of growing B2B incomes

If we only valued Udemy on its business revenues, at its final private-market valuation, it would be worth 4.5x its Q2 2021 ARR. That's incredibly cheap.
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