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The famous quote from Trump himself is "My father gave me a small loan of $1 Million dollars" (around 0:40 in this video): https://www.youtube.com/watch?v=TXEO
by SyneRyder 9y ago
The famous quote from Trump himself is "My father gave me a small loan of $1 Million dollars" (around 0:40 in this video):
https://www.youtube.com/watch?v=TXEOFHf1q9A https://www.youtube.com/watch?v=TXEOFHf1q9A
On the other hand, that's less than the investment funding I've seen to some folks on HN, and it's the same amount of capital that would be required if you wanted to open a McDonald's store [1]. But I think a majority of people would regard that as starting from a wealthy position, and certainly not bootstrapping anyway.
[1] https://www.franchisehelp.com/franchises/mcdonalds/ https://www.franchisehelp.com/franchises/mcdonalds/
- deleted 9y ago[deleted]
- mercurysmessage 9y agoDon't forget that $1 Million at that point in time is different than $1 Million now.
- SyneRyder 9y agoGood point. As far as I can tell the loan must have been around 1968 - 1971, and this inflation calculator [1] puts that at $7 Million in today's money. [1] http://www.usinflationcalculator.com/ http://www.usinflationcalculator.com/