# Prof. Arun Sundararajan discusses Rent the Runway and the sharing economy

1 Faculty News June 17, 2014 ![Entrepreneur logo](/sites/default/files/styles/246w/public/assets/images/con_033740.jpg?itok=QGgEe5Xk)>

Excerpt from [Entrepreneur](http://www.entrepreneur.com/article/234859) -- "According to NYU professor and researcher [Arun Sundararajan](http://w4.stern.nyu.edu/faculty/bio/arun-sundararajan), the dress-rental company represents a key aspect of the sharing economy because it democratizes luxury. 'Sure, they're doing it for fashion, but they highlight the broader promise of the sharing economy: access without ownership,' he says."

[Read more](http://www.entrepreneur.com/article/234859)

Additional coverage appeared on [Yahoo! Finance](http://finance.yahoo.com/news/7-ways-fashion-startups-become-140000911.html).