The $5,000 Casino Bet That Saved FedEx

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In this video, I tell the remarkable origin story of FedEx, founded by Frederick W. Smith, who turned to a high-stakes gamble to save the company from financial ruin. In 1971, Smith envisioned an innovative logistics service that could deliver packages overnight. However, by the early 1970s, rising fuel costs and mounting debts threatened the company's survival. In a desperate bid, Smith took FedEx's remaining $5,000 to Las Vegas and won $27,000 at the blackjack tables. This unexpected windfall helped secure additional financing, leading to FedEx's first profitable year in 1976 and its public listing in 1978. Today, FedEx is a global logistics leader, delivering billions of packages annually, with Smith's bold gamble serving as a testament to the power of risk-taking and perseverance.

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00:00 - Intro
00:35 - A dream takes flight
01:35 - A desperate gamble
02:07 - Into the lion’s den
02:48 - The thrill of the gamble
03:19 - Against all odds
03:56 - The aftermath
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Gambling can be a fun and exciting way to spend some time, but it's important to gamble responsibly. Gamble only what you may afford to lose. Excessive gambling can lead to negative consequences like financial problems, relationship difficulties, and health issues.

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