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The race to $1 billion - how startups Glossier, Casper, Rent the Runway, and Away became retail unicorns

Rent the Runway

The race to $1 billion - how startups Glossier, Casper, Rent the Runway, and Away became retail unicorns

Away

Away
Shop suitcases at Away here

Founded: In February 2015 by Steph Korey and Jen Rubio

Valuation: $1.4 billion (reached May 2019)

The story: Of the four startups, Away is the fastest to reach unicorn status. Travel isn't a difficult thing to get excited about — everyone is always looking at their next vacation or planning a new itinerary — but the actual products, like suitcases and packing cubes, tend not to incite the same reaction. Away understands that if the suitcase is thoughtfully designed, made from durable materials, and looks beautiful, you'll be as happy to pack your suitcase as you are to explore a cool destination.

The best products to buy:

Learn more about Away:

Casper

Casper
Shop mattresses and bedding at Casper here

Founded: In November 2013 by Constantin Eis, Gabriel Flateman, Jeff Chapin, Neil Parikh, Philip Krim, T. Luke Sherwin

Valuation: $1.1 billion (reached March 2019)

The story: One of the earliest bed-in-a-box startups, Casper is obsessed with sleep and getting you to stay in bed all morning long. Its original, award-winning mattress is its core business and probably always will be, but its expansion into pillows, bedding, bed frames, and small accessories like a sleep light and night stand shows it really wants to take over your entire bedroom. Famous athletes, musicians, and actors are all investors in this buzzy, universally loved company.

The best products to buy:

Learn more about Casper:

Glossier

Glossier
Shop beauty and makeup at Glossier here

Founded: In October 2014 by Emily Weiss

Valuation: $1.2 billion (reached March 2019)

The story: From editorial skin-care and beauty site Into the Gloss emerged Glossier, the shop that calls itself a "people-powered beauty ecosystem." It practically invented the obsession with glowy, dewy skin, and many of its products focus on bringing out your best natural features. Such messages of "less is more" are aligning well with the minimalist living trends of today and are surprisingly effective at attracting lines out the door at Glossier's stores and pop-ups.

The best products to buy:

Learn more about Glossier:


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