Bet The Company

We all know FedEx as a massive company that dominates the shipping world. However, there was a time when Fred Smith, founder of FedEx, almost saw the company die. Investors declined to give FedEx more money and bankruptcy was a distinct possibility. When the company had only $5,000 left, Smith pitched General Dynamics for more funding, but the board refused. What would you do in that scenario? Fred Smith took the last $5,000 of the company, drove to Las Vegas, and gambled until that $5,000 was $27,000 and he could pay his bills. Maybe you don’t need to gamble your company’s future, but if you need some extra coin, take a look at today’s article about how a small group of people solved roulette.