Glossier and Rent the Runway have both reached unicorn status

Glossier and Rent the Runway have both reached unicorn statusGlossier and Rent the Runway have both reached unicorn statusThere were two new unicorns born this week and theyre both women.Glossier, a direct-to-consumer skincare and cosmetics line, and Rent the Runway, a luxury clothing-rental company, both attained unicorn status in the same week. In the business world, a unicorn is a privately held startup valued at $1 billion. Both Glossier and Rent the Runway have women CEOs.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moraGlossier hit the billion-dollar mark first, after a round of Series D fundraising lumineszenzdiode by Sequoia Capital, reported the Wall Street Journal.I have been among a very small minority of women raising this kind of money at these kinds of prices, to build the things they believe in, wrote Glossier CEO Emily Weiss on her Instagram. Today Glossier was able to achieve s omething very special.Rent the Runway reached the $1 billion mark after a $125 million investment put them over the edge. CEO Jennifer Hymans latest product has been the wildly successful Rent the Runway Unlimited, where women pay a monthly fee to rent clothes for their daily life, not just dresses for special events. Hyman has predicted that we are reaching the end of ownership.Its a doubly special day for Hyman, who hit a major professional record while nine months pregnant.Weiss and Hyman are now part of a very exclusive club.Of about 130 venture-capital backed unicorns in the United States, only 14 have a female co-founder,according to a May 2018 report. Other female CEOs of unicorns are Katrina Lake of Stitch Fix, Anne Wojcicki of 23andMe, and Adi Taatarko of Houzz.Weiss hasnt ruled out the idea of going public when asked if she had plans to IPO, she recently told The Wall Street Journal, We are certainly in a position where we are able to do that.Hyman is keeping her options open, too.This round gives us more strategic options about the timing of possibly going public, she told Fast Company.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people