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A comment on In Blow to Tech Industry, Trump Shelves Startup Immigrant Rule. Parent comment

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.

[1] https://www.franchisehelp.com/franchises/mcdonalds/

[ Parent | on HN ]
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.
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Re:In Blow to Tech Industry, Trump Shelves Startup Immigrant... by SyneRyder on Tuesday July 11, 2017 @01:02PM (#14745832)
Good 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/

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