Jennifer Hyman

Courtesy of Rent The Runway
  • Age
  • Title
    Cofounder and CEO
  • Company
    Rent the Runway

The “closet in the cloud” service now claims more than 9 million members and has moved well beyond its roots: renting gowns for special occasions. Its two-year-old Unlimited service, where customers pay a flat fee for access to everyday clothing, grew 125% last year and is now up 150% year over year. This fall the company will launch an enterprise program, renting inventory on behalf of other brands and retailers. And earlier this spring it raised $20 million from Jack Ma’s investment vehicle at a valuation said to be north of $700 million, and Hyman was named to the board of Estée Lauder.

40 Under 40

List Debut2012