3 ms·

This is a story I've always loved and it's good to hear it with a little more background. I had no idea they had raised so much money already. The smarter thing

This is a story I've always loved and it's good to hear it with a little more background. I had no idea they had raised so much money already. The smarter thing to do would have probably been to go to one of his investors for a small bridge loan knowing the new round was in the works. I put myself in some pretty tight personal financial spots for the success of my first company and just seeing my employees happy and at work was enough for me to never regret it. After selling the company they all got an even more stable foundation for their lives and I got the "reward" that comes to those too dumb to give up. Here's to guys like Fred for giving me the inspiration to do whatever it took for my company!

arthurrr 14y ago
This is a story that I've always hated because I think it is very very unlikely to be true. If he actually did play blackjack, I'm curious to know how many hands he played, how much he was betting per hand, what casino he was playing at, etc. If he bet it all on one hand, what if he was dealt A-A and didn't have the money to split? I think somebody who is reckless enough to gamble the remaining funds of the company, is not disciplined enough to walk away from the blackjack table after having won just enough for the fuel payment. If he actually did play blackjack, it would be more likely that he started out winning, won enough to pay for the fuel, but then continued gambling and gave it all back.