But he came up with the idea for a high-end handbag resell market while working for online luxury dress rental startup Rent the Runway.
Another startup, Rent the Runway, sends its "Unlimited" orders in cloth bags, which you then send back to reuse on your next order.
When Wu moved to San Francisco after graduation, the difficulties of that relocation sparked the idea for his first startup, Rent Advisor, a rental-apartment review company that raised $7.5 million before being sold to Vertical Brands.
While travelers would typically pay about $18 a day to keep their car in Long Term Parking, FlightCar lets users keep their car at the company's lot — provided that they are willing to let the startup rent out their cars while they're gone.
Most of those working in startups rent rather than own and rents haven't risen as much as house prices in the last year.
He is also the founder of food tech startup Innerchef, and has a portfolio of more than 35 startups; Rent On Go, Brown Tape, Hacker Earth, Speak Well, Flinto, and Air stream have been funded by him.
This pledge is part of a concerted push Planned Parenthood calls its "biggest birth control campaign ever". Women-led startups Rent the Runway, Bumble, Birchbox and StyleSeat are among the earliest to join the healthcare nonprofit's #BusinessForBC campaign, although executive vice president Dawn Laguens expects more companies to add their names in coming days and weeks.
"With Rachel in this role I feel like there is someone in city government who is thinking about the needs of entrepreneurs and making the city a friendlier place to start and scale their companies," said Jennifer Hyman, co-founder of Rent The Runway, a New York startup that rents out designer dresses.
The startup currently rents each five-foot, 300-pound K5 unit out for $6.25 per hour (or less than minimum wage).
After losing a preliminary injunction in the Second Circuit of New York, the major broadcast networks have been eyeing other routes to shut down the fledgling TV startup, which rents out mini-antennas to its users to watch live or recorded television from thirty OTA broadcast channels on any device.
