1 00:00:00,000 --> 00:00:01,660 - I think if someone has made the effort 2 00:00:01,660 --> 00:00:04,070 to seek you out, to approach you, 3 00:00:04,070 --> 00:00:06,650 probably been creative in the way to get to you, 4 00:00:06,650 --> 00:00:09,360 that often means they've got this really hungry 5 00:00:09,360 --> 00:00:12,650 go-getter mentality that has driven them to approach you 6 00:00:12,650 --> 00:00:14,590 and be a part of what you're working on. 7 00:00:14,590 --> 00:00:17,980 I'm Jenny Fleiss, the CEO and co-founder of Jetblack 8 00:00:17,980 --> 00:00:20,327 and co-founder of Rent the Runway. 9 00:00:20,327 --> 00:00:24,520 (hypnotic electronic music) 10 00:00:24,520 --> 00:00:27,430 As an entrepreneur, I do typically draw from pinpoints 11 00:00:27,430 --> 00:00:29,990 in my own life to innovate. 12 00:00:29,990 --> 00:00:32,620 So starting Rent the Runway, I was a woman in my 20s, 13 00:00:32,620 --> 00:00:34,460 had lots of events that I was going to, 14 00:00:34,460 --> 00:00:37,350 and wanted great outfits without breaking the bank. 15 00:00:37,350 --> 00:00:39,400 And now I'm a busy mom with three kids 16 00:00:39,400 --> 00:00:41,750 and thinking about time-saving tools 17 00:00:41,750 --> 00:00:43,550 is the number one priority 18 00:00:43,550 --> 00:00:46,080 and so we evolved Jetblack as personal shopping 19 00:00:46,080 --> 00:00:49,250 over text message to take the mental to-do list 20 00:00:49,250 --> 00:00:52,070 that I think every parent, probably every person, 21 00:00:52,070 --> 00:00:52,903 carries with them 22 00:00:52,903 --> 00:00:55,100 and let you just dump it onto a text message 23 00:00:55,100 --> 00:00:57,240 and have someone do your shopping for you. 24 00:00:57,240 --> 00:00:59,840 Some of the biggest challenges in starting Jetblack 25 00:00:59,840 --> 00:01:03,050 after having built Rent the Runway as a successful business 26 00:01:03,050 --> 00:01:06,900 is trying to recreate the same level and caliber of talent 27 00:01:06,900 --> 00:01:09,110 and culture that we had at Rent the Runway. 28 00:01:09,110 --> 00:01:12,040 We had an incredibly magical founding team 29 00:01:12,040 --> 00:01:15,270 at Rent the Runway that was hugely responsible 30 00:01:15,270 --> 00:01:17,180 for the success and the growth that we've seen. 31 00:01:17,180 --> 00:01:19,770 Attracting the right type of talent to a business, 32 00:01:19,770 --> 00:01:22,350 especially an early-stage business, is critical. 33 00:01:22,350 --> 00:01:25,070 The best way is when talent comes to you, honestly. 34 00:01:25,070 --> 00:01:26,640 Some of the best talent that we hired, 35 00:01:26,640 --> 00:01:28,320 both at Rent the Runway and now at Jetblack, 36 00:01:28,320 --> 00:01:31,640 has sought us out in a very proactive way. 37 00:01:31,640 --> 00:01:34,620 I think the next thing is just being really thoughtful 38 00:01:34,620 --> 00:01:36,840 about how you interview candidates 39 00:01:36,840 --> 00:01:40,386 and the cultural attributes that you hire for. 40 00:01:40,386 --> 00:01:41,940 One thing that's very important to me 41 00:01:41,940 --> 00:01:44,890 is hiring talent that is also very flexible. 42 00:01:44,890 --> 00:01:48,190 They're flexible in terms of what their role might entail, 43 00:01:48,190 --> 00:01:49,770 which means they're humble enough 44 00:01:49,770 --> 00:01:52,200 to roll their sleeves up if need be 45 00:01:52,200 --> 00:01:54,410 and get on the phone with the customer, 46 00:01:54,410 --> 00:01:55,880 if that's what matters. 47 00:01:55,880 --> 00:01:57,620 They're able to wear many different hats 48 00:01:57,620 --> 00:02:00,250 and always just prioritize the biggest impact they can have 49 00:02:00,250 --> 00:02:01,510 on a day-to-day basis. 50 00:02:01,510 --> 00:02:03,640 And so creating that sense of ownership 51 00:02:03,640 --> 00:02:05,700 within your culture is critical 52 00:02:05,700 --> 00:02:08,910 and finding employees who have that self-starter, 53 00:02:08,910 --> 00:02:12,560 go-getter, and ownership mentality is really important. 54 00:02:12,560 --> 00:02:15,330 One interview question I love to ask is 55 00:02:15,330 --> 00:02:17,117 on a scale from one to ten, 56 00:02:17,117 --> 00:02:19,780 how lucky do you consider yourself? 57 00:02:19,780 --> 00:02:20,860 And what we're looking for 58 00:02:20,860 --> 00:02:22,560 is someone who says a nine or a ten 59 00:02:22,560 --> 00:02:25,760 and their reason is because luck is incredibly arbitrary. 60 00:02:25,760 --> 00:02:27,020 It's perception, right? 61 00:02:27,020 --> 00:02:29,470 And so if you have someone who thinks they're very lucky, 62 00:02:29,470 --> 00:02:31,740 they're typically a very optimistic person 63 00:02:31,740 --> 00:02:33,770 and being in a startup is all about optimism. 64 00:02:33,770 --> 00:02:36,150 It's finding the lemonade from the lemons 65 00:02:36,150 --> 00:02:39,960 and making every failure a learning opportunity 66 00:02:39,960 --> 00:02:43,800 and seeing opportunity in the difficult conversations 67 00:02:43,800 --> 00:02:46,080 that you have with a consumer or investor 68 00:02:46,080 --> 00:02:48,080 and plowing forward to inspire the team.