VP, Corporate and Business Development

About Us

Rent the Runway (RTR) is transforming the way we get dressed by pioneering the world’s first Closet in the Cloud. Founded in 2009, RTR has disrupted the $2.4 trillion fashion industry by inspiring women with a more joyful, sustainable and financially-savvy way to feel their best every day. As the ultimate destination for circular fashion, the brand now offers infinite points of access to its shared closet via a fully customizable subscription to fashion, one-time rental or ownership. RTR offers designer apparel and accessories from hundreds of brand partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation. Under CEO and Co-Founder Jennifer Hyman’s leadership, RTR has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list multiple times, while Hyman herself has been named to the “TIME 100” most influential people in the world and as one of People magazine’s “Women Changing the World.”

About The Job

We are seeking a visionary and results-oriented Vice President, Corporate and Business Development whose primary goals will be focused on driving significant growth and scale of the RTR business. This role reports to our CEO/Founder and will have 4 primary responsibilities:

• Corporate Development - Evaluate and execute M&A, strategic investment and strategic partnership opportunities for RTR to grow the scale of our customers, revenue and financial profile
• New Business Opportunities - This role will be responsible for incubating and launching new businesses and/or revenue lines for RTR that have the potential for significant scale. You will lead a cross-functional team of engineers, product execs, designers, merchandisers and marketers to concept, test and build these businesses. Our expectation is that you will own a minimum $10M P&L in year one of your creation.
• Strategic Partnerships - Drive strategic partnerships between Rent the Runway and other companies that drive significant customer acquisition. You will be responsible for building and scaling RTR's partner ecosystem and optimizing our current partner relationships to drive revenue and brand impact.
• Sales - Build and run a sales team that leverages the assets of RTR to generate advertising dollars
  
  

About You

• You have extensive deal experience and can shepherd a strategic partnership from ideation to execution
• You are entrepreneurial and have created new businesses or business lines that have demonstrative impact on company financials
• You’ve conducted deep financial analysis
• You have experience managing a team of cross-functional execs and have worked collaboratively with C-level executives before in your role
• You are passionate about RTR’s customer base, mission and the overarching fashion/secondhand/sharing economy
• You have knowledge of the media landscape, high-level external relationships and understanding of the ad-tech space.
  
  

Benefits

At Rent the Runway, we’re committed to the wellbeing of our employees, and aim to create a workplace that fosters both personal and professional growth. Our inclusive benefits include, but are not limited to:

• Paid Time Off including vacation, paid bereavement, and family sick leave - every employee needs time to take care of themselves and their family.
• Universal Paid Parental Leave for both parents flexible return to work program - because we know your newest family member(s) deserve your undivided attention.
• Paid Sabbatical after 5 years of continuous service - Unplug, recharge, and have some fun!
• Exclusive employee subscription and rental discounts - to ensure you experience the magic of renting the runway (and give us valued feedback!).
• Comprehensive health, vision, dental, FSA and dependent care from day 1 of employment - Your health comes first and we’ve got you covered.
• 401k match - an investment in your future.
• Company wide events and outings - our team spirit is no joke - we know how to have fun!
• Office centric work - our corporate employees and technical leaders have the option to work remotely on Fridays, in accordance with Company policies.
  
  

Rent the Runway is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant or employee based on any legally-recognized basis, including, but not limited to: race, color, religion, sex (including pregnancy, lactation, childbirth or related medical conditions), sexual orientation, gender identity, age (40 and over), national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed service member status or any other status protected by federal, state or local law.

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The anticipated base salary for this position is $238,400 to $298,000. The actual base salary offered will depend on a variety of factors, including without limitation, the qualifications of the individual applicant for the position, years of relevant experience, level of education attained, certifications or other professional licenses held. This position is also eligible for incentive and equity compensation.

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