Capri Wheaton

Post-pitch story

Capri Wheaton founded Dressd as a peer-to-peer fashion rental app — borrow a dress from someone's closet instead of buying one you'd wear once. A Y Combinator Winter 2021 company, Dressd grew to more than 5,000 active users and earned Wheaton a Forbes 30 Under 30 nomination before she pitched it on the show in February 2023. The episode's title — "Red Carpet or Red Ocean?" — turned out to be prophetic. Fashion rental is a famously hard business, and Dressd wound down around January 2024, according to Wheaton's own resume. Y Combinator now lists the company as inactive, and the dressd.com domain has lapsed entirely. There's no single shutdown announcement; the ending is pieced together from the founder's timeline and the company's quiet disappearance. Wheaton has moved on to new work, and Dressd joins the long list of rental-fashion startups that learned the economics of dry cleaning and logistics the hard way.