Many startups are on their deathbed before finally succeeding. A famous example is Fred Smith, FedEx founder, gambling the company's last $5k, in order to come

Many startups are on their deathbed before finally succeeding. A famous example is Fred Smith, FedEx founder, gambling the company's last $5k, in order to come up with $24k for a deadline[1]. Had the cards come up differently, or a political wind had made gambling illegal, FedEx would have failed, and someone would have been able to say that logistics was "a hard market to succeed or even just stay alive in", and even be correct! The casino (or lack thereof) would have been a "convenient scapegoat". But it doesn't change the fact that having the chance to have these kinds of lucky turnarounds seem to play a pivotal role in a lot of success stories. [1] https://www.businessinsider.com/fedex-saved-from-bankruptcy-with-blackjack-winnings-2014-7?op=1 https://www.businessinsider.com/fedex-saved-from-bankruptcy-...