The C grade Fred Smith received from a Yale professor about his vision for an overnight delivery service is much less remarkable than is assumed. Naturally Smith got a C. Rest assured that most investors gave him an F, assuming they bothered to hear Smith’s pitch in the first place.
Evidence supporting the above claim can be found in the billions Smith left behind, along with the market cap ($54 billion) of FedEx itself. Smith’s wealth and FedEx’s valuation are all the evidence we need that the entrepreneur in Smith saw what very few did, and having seen it, had the courage to act on it in concert with the genius to execute on what conventional wisdom plainly deemed outlandish.
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