Re:In Blow to Tech Industry, Trump Shelves Startup Immigrant...
by s_kilk on Tuesday July 11, 2017 @11:03AM
(#14744750)
Trump inherited his fortune, not exactly a bootstrapped entrepreneur.
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Re:In Blow to Tech Industry, Trump Shelves Startup Immigrant...
by sogen on Tuesday July 11, 2017 @11:12AM
(#14744821)
Inherited fortune made by an immigrant.
Re:In Blow to Tech Industry, Trump Shelves Startup Immigrant...
by drpgq on Tuesday July 11, 2017 @11:13AM
(#14744835)
Technically wasn't his father born in the US?
Re:In Blow to Tech Industry, Trump Shelves Startup Immigrant...
by bcg1 on Tuesday July 11, 2017 @11:29AM
(#14744982)
His father inherited his money from his own father, who moved to the Klondike in order to dodge the German draft and became wealthy by running brothels catering to gold prospectors.
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Re:In Blow to Tech Industry, Trump Shelves Startup Immigrant...
by heliumcraft on Tuesday July 11, 2017 @11:50AM
(#14745157)
His Father/Family had a net worth of $250M https://en.wikipedia.org/wiki/Fred_Trump
It's estimated he Inherited $40M http://www.politifact.com/florida/article/2016/mar/07/did-do...
Trump himself claims he started off with "a small loan of 1 million dollars" https://youtu.be/mkKBXJRySFw?t=20s
Re:In Blow to Tech Industry, Trump Shelves Startup Immigrant...
by SyneRyder on Tuesday July 11, 2017 @11:47AM
(#14745139)
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
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.
Re:In Blow to Tech Industry, Trump Shelves Startup Immigrant...
by mercurysmessage on Tuesday July 11, 2017 @12:53PM
(#14745747)
Don't forget that $1 Million at that point in time is different than $1 Million now.