From: Fast Company Compass - Wednesday Jun 01, 2022 03:22 pm
Fast Company Compass
👗 I was offered an intimate look at Rent the Runway’s turbulent year. Here’s what happened ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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Covid should have killed Rent The Runway. As most of its customer base entered lockdown, the company—which offers customers the ability to rent designer clothing for a monthly fee, or formalwear for one-off occasions—lost its raison d’être. Remarkably, it survived, in large part due to the grit and vision of cofounder and CEO Jennifer Hyman who made a series of difficult decisions that would ultimately allow the company to go public in October 2021. Still, the IPO didn’t go smoothly, and questions remain about the future of the business. Hyman wanted to share with Fast Company the story of how she weathered the crisis and made changes to her business for a new era. Here’s what I learned.
—Yasmin Gagne, @YasminGagne
 
tech
I was offered an intimate look at Rent the Runway’s turbulent year. Here’s what happened

CEO Jennifer Hyman moved swiftly and strategically to make sure her apparel company would survive the pandemic.

READ MORE
 
co.design
What will the metaverse ‘actually’ look like in 5 years? This studio may have cracked it

A design firm behind Magic Leap shares a plausible vision for our augmented future.

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job hunting
Your ultimate guide to ace the most common interview questions

Here are the top 15 behavioral interview questions you should be prepared to answer in upcoming job interviews.

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a message from lenovo
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He quit Google to work on climate change. Now, he’s helping others do the same thing

In July 2020, two former Google employees launched a Slack network for people who want to work on climate solutions. It now has more than 8,500 members.

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the great resignation
Millennials are driving the Great Resignation. They’re also working harder because of it

83% of Millennials have had to take on up to six new tasks outside of their job descriptions due to their coworkers resigning.

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co.design
‘We are woefully behind’: A queer designer’s visual plea for more diversity in architecture

Adam Nathaniel Furman’s new book, ‘Queer Spaces,’ makes the case for bringing queer designers into the fold.

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communication
6 ways to engage your audience when speaking virtually

Speaking dynamically can be a challenge when you’re on a video call. Here’s how to draw your audience in, no matter what you’re talking about.

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tech
Sexual assault is already a problem in the metaverse, and a new report suggests it will get worse

A corporate watchdog says Meta’s platform Horizon Worlds has become ‘a breeding ground for harmful content.’

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leadership
This could be the root cause of employees’ low engagement according to neuroscience

The outcome of morally-traumatic events could present symptomatically as employees with lower motivation, altered cognition or mood, avoidance, or isolation.

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tech
Yes, buying an electric car will save you money . . . in the long run

You can lower your carbon footprint—and your expenses—pretty quickly, depending on the model you buy and where you live.

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education
Why Gen Z cares less about getting a 4-year college degree

Younger workers are pursuing different education paths, along with embracing the Great Resignation.

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NEWS
Drink coffee and live longer? What you need to know
Good news coffee lovers (and Starbucks investors): A new study shows that drinking a few cups of coffee a day may help keep you alive longer.
The study, which was published in the Annals of Internal Medicine, tracked 171,616 people over seven years who regularly drank coffee.
It found that those who drank between 1.5 to 3.5 cups of coffee a day had a lower risk of death than those who drank no coffee each day.
However, the study’s authors conceded that it may not be the coffee itself leading to a longer life. It may merely be socioeconomic status—those who can afford up to four cups a day probably can afford better healthcare and more time for exercise.
Check out the latest news stories here.
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