💩Rent the Runway = a Future Debtor💩
The business will hit public markets now, and maybe a bankruptcy court later.
We’re at the stage in the cycle when every company under the sun — even those like Warby Parker Inc. ($WRBY) that have enough brand appeal to overcome zero lifetime profitability — are finding that it might be now or never to go public and cash out.Â
Enter Rent the Runway ($RENT).Â
Here are some specs that will make you understand why …