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It's survivor bias. It seems unlikely, but we know FedEx to be a successful company to some reasonable level at this point in time. It stands to reason at some
by sidewndr46 2y ago
It's survivor bias. It seems unlikely, but we know FedEx to be a successful company to some reasonable level at this point in time. It stands to reason at some point in the past the company was very close to collapse. If it had collapsed we would never have heard about it.
- vlovich123 2y agoWhy does that in any way tell us anything about the veracity of a vague story with no details? I don’t doubt they were in trouble, just that I doubt that he gambles the last 5k and the extra runway of 1 week somehow got them through to 11M at a later unspecified date. What did they do between that 1 week and the 11M raise? It’s not like they became profitable suddenly and it takes a while to raise 11M and it doesn’t sound like they were just waiting for 1 week for all the wires to come through.