Business Model Innovation Needed! – Rent The Runway IPO
Rent The Runway, a linear fashion rental startup, went public on October 27th hitting a valuation of over $1.7 billion as it sold shares at the top of its $18 and $21 range. Alex discusses the stock surging above $23 per share before falling and ending the day down 8%. He explains why he thinks $RENT has missed the growth opportunity in secondhand clothing marketplaces and is overdue to innovate on its rental focused business model.
00:00 – Subscribe and Fight Big Tech
00:21 – $RENT is Down!
01:02 – Pandemic Woes
01:29 – Losing Millions
01:46 – Model Problem
02:39 – Where’s The Platform?
03:11 – Competitors
04:28 – Need Business Model Innovation
04:52 – Getting Beat By Better Models
06:27 – Why I’m NOT Buying!
This is an excerpt from episode 181 of Winner Take All. Watch the full episode here: youtu.be/fhvgaiT7Loo
Originally Aired: 11/02/21
#RENT #StockMarket #2021IPO
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