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The funny thing is, if it were to have paid off it may have been incorporated into business lore in much the same way as the story of FedEx's founder's Vegas tr
by kintamanimatt 14y ago
The funny thing is, if it were to have paid off it may have been incorporated into business lore in much the same way as the story of FedEx's founder's Vegas trip has. People would have called Cooper Union's gamble a good thing, and while acknowledging it as reckless (or, more charitably, risky) would have also argued that you can't argue with success!
Then again, where is the line between reckless and calculated risk? A lot of non-entrepreneurial people would call the business of startups a reckless gamble.
- cpeterso 14y agoGambling your company's last $5000 in Vegas is quite different than taking out a $175M loan to gamble.
- kintamanimatt 14y agoThe numbers are different but in both cases failure nets the same result: some form of bankruptcy.
- bradleyjg 14y agoFedEx (alledgedly) was otherwise bankrupt; Cooper Union was just fine. It's administrators and board members were just having a severe case of building envy. Go on any university campus in the US and you will find them building something. I've never heard of a building educating anyone.