Leap: A Big Thank You to the Gutsy Female Entrepreneurs of Rent the Runway, Corporate Idiocy, and a Mitt Romney Joke Told in Poor Taste

Corporate executive who say stupid things are making it easy for us to set sail on our own venture adventures. While I am angered by their behavior, I’m thankful for our ability to turn the situation around and invest in our own business ideas. When things are falling apart (corporate culture), pieces are often falling into place (new start-ups.)

However, my latest example of corporate idiocy is worth a detailed explanation for the lesson it teaches us about where and with whom to spend out time. This is a story that has to be told. Just when I thought I had seen and heard it all when it comes to the idiotic behavior of some (though certainly not all) corporate executives, another one comes along and delivers another shocking display of poor behavior. Women of the world, brace yourselves for this one.

I recently had the opportunity to hear Jennifer Hyman, Co-Founder of Rent the Runway, on a panel of entrepreneurs. Rent the Runway rents the latest women’s special occasion fashions for a fraction of the purchase price. A passionate, intelligent, and creative woman, Jennifer explained that her company is about more than fashion. It’s about empowering women to create extraordinary lives while looking and feeling their best. She explained that the mission of Rent the Runway was so compelling that she and her co-founder were the first female entrepreneurs funded by Bain Capital.

The corporate executive moderating the panel saw this incredible accomplishment as an opportunity to put his ignorance on display for all to see. His response to Jennifer’s story? “Was that Bain pre- or post-Romney?”

And the entire audience (made up largely of the corporate executive’s employees) went silent. No one knew what to say, where to look, nor how to feel. Everyone’s face just dropped. Was he trying to funny? Was he using humor to veil his own insecurities about female entrepreneurs? After spending 30 minutes prior to the panel discussing the value of a growth mind-set to large corporations, why would he insult a guest he invited to speak on the topic? Did he feel threatened by her confidence and ingenuity? (Incidentally, Jennifer was the only female on the panel and the only one to receive this kind of comment from the moderator.)

Jennifer handled the situation with grace, the way I believe she must handle every business situation she faces. Still, my anger was up, way up, until I realized the tremendous gift that this corporate executive delivered to everyone in the audience. Why would anyone continue to work hard for him every day? Why would anyone pledge their loyalty to someone whose ignorance causes him to behave so poorly?

You could see everyone’s wheels turning with the idea, “I need to get out of here and follow the lead of the entrepreneurs on the panel.” And all I could think in response was, “Yes. Yes you do. Give your own business ideas a fair shot at success. Leap!”

This executive is already getting the result he deserves – a complete loss of loyalty from his team; he just doesn’t know it yet. But he will. It won’t be the first time a suit, stuck in his ways, totally misjudged the future of our economy and I have a feeling it won’t be the last. Investors, place your bets. I know which way I’m going. Do you?