How Fedex Got It's Start
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- Опубликовано: 9 сен 2024
- Did you know that Fedex has one of the wildest back stories out there?
So, the founder Fred Smith founded Fedex in 1971 with a 4 million dollar inheritance. He also raised 91 million in venture capital to get the company started (that total is 732 million dollars in todays money) - What was his dream? A company that could deliver packages overnight, anywhere in the world.
Sadly for Fred, fuel prices “sky”rocketed.
After just three years, Fedex was nearly bankrupt. Fred tried and tried and could not get a loan. Eventually, the company had just 5000 dollars in the account and couldn’t afford fuel to continue shipping.
Fred took that last 5000, flew to vegas and put it all on the Blackjack tables. He walked away with 32,000. Just enough to keep things running a little longer.
By 1976 Fedex made its first profits - 3.6 million.
The rest? Well, the rest is history.
Shoulve gambled the 4 mil i stead
if you try that route let us know how it goes. we're rooting for you!
@@EBizChargeupdate i became the richest man alive
(Update) I’m banned from every single cadino
shoulda called it Fredx Rip opportunity
Swing and a miss on our end.
Sounds like some unverified BS.
Check out - "Changing How the World Does Business: FedEx's Incredible Journey to Success". It's a book written by their former Senior VP and gives his reaction to finding out Fred gambled the last of their money!
@@EBizCharge I appreciate the info, but the VP telling a story in an entertainment product doesn't really speak to the veracity of the tale. I don't think you're the one making it up, I just think it's likely highly exaggerated, if not completely fabricated.