pdx503:

fuck-bitches-get-money:

FedEx nearly ran out of money. FedEx’s owner made $27,000 gambling in Las Vegas to keep the company afloat.

Things were looking pretty grim in the 1970s for Fred Smith. He injected his new company, Federal Express, with his entire $4 million inheritance and another $80 million from investors, only to see the entire company nearly go under. In 1973, the now world-famous shipping giant handled a grand total of 186 packages. This, in conjunction with federal regulations that barred them from shipping documents, meant the start-up was in dire straits. With bankruptcy looming, Smith flew to Las Vegas with what money he had left. He made $27,000 at the blackjack tables and wired the winnings back to Federal Express. The result: the company stayed afloat for a few more days, enough time to collect $11 million more from investors.
(Sources: 1, 2)

I believe thats called: Gangsta..

#startuplife

Posted 6 months ago — 13 notes