Rent the Runway CEO: I haven't been given the privilege or permission to lose $1 billion
"Profitability is something [I've] always been focused on as a female founder and entrepreneur," Hyman said in a recent interview with CNBC's"I haven't been given the permission or privilege to lose a billion every quarter," she added. "I've had to bring my company towards profitability, so I think we are going to be well situated.
Critics have called that valuation too high, especially considering that Uber is losing money. There have also been those who say the ride-sharing company waited too long to go public.No. 5 on the 2019 CNBC Disruptor 50 list , recently hit unicorn status, reaching a valuation of $1 billion after its most recent fund raise in March.
She said that funding gives the company flexibility to "time the IPO for when Rent the Runway will have the best success."
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