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Written by:
Rachael E
Date added:
August 26, 2014
Level:
University
Grade:
A
No of pages / words:
2 / 550
Was viewed:
4872 times
Rating of current essay:
Essay content:
He wrote a Yale term paper on this idea, and received a ‘C’. His professor thought it would never work. Fortunately for Frederick Smith, he didn’t take it to heart and ended up building that company he dreamed of.
He found investors willing to contribute $40 million, used $8 million in family money, and received bank financing...
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He started Federal Express with over $80 million, making it the largest company of its time ever funded by venture capital.
Background
Federal Express became successful so quickly because all their competition became weaker at the same time. They built a super-hub in Memphis, Tennessee, where all packages from the United States would be loaded on the correct transport and shipped out each night...
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