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The Founder of FedEx Saved the Company by Gambling in Vegas

Here's an inspiring story for aspiring gamblers and small business owners: the founder of FedEx saved his floundering company by gambling in Vegas, earning $27,000 in blackjack! The company only had $5,000 in its coffers when Frederick Smith decided to fly to Vegas in 1973 and risk it all. Though this isn't good investment or business advice in general, Smith's gamble paid off, allowing the company to last long enough to raise $11 million and eventually earn its first profits in 1976.

The story of Frederick Smith and FedEx is indeed a remarkable one. While gambling to save a struggling business is not a recommended strategy, his bold move in 1973 is a testament to his determination and innovative thinking.

He's so amazing!

Very lucky!

That's a fascinating story! It just goes to show that sometimes, taking calculated risks can lead to great rewards.

Thanks for sharing

now that's the business man!

thank you for sharing this

That's a fascinating story! It just goes to show that sometimes, taking calculated risks can lead to great rewards.

I'm grateful to hear your thoughts!