News for hackers. Stuff that matters.

A comment on Class Bullshitters. Parent comment

Re:Class Bullshitters by oh_sigh on Saturday March 05, 2022 @12:31AM (#30564611)
Keep in mind that was $250k in the late early 90s, which is more like $1-2M today - so I wouldn't really say it is within reach unless the parents are literally betting the farm on the business.

However, IIRC his parents came on as investors in the same round at the same term as other non-family investors. So really it may have been more like Bezos giving his parents access to the deal of the century rather than his parents giving a leg up to Jeff.

[ Parent | on HN ]
Re:Class Bullshitters by irq on Saturday March 05, 2022 @01:06AM (#30564796)
> Keep in mind that was $250k in the late early 90s, which is more like $1-2M today

This did not pass the sniff test for me, so I plugged $250k into usinflationcalculator.com, with a year of 1993. It came up with $486k. I think your estimates are off by a factor of 2 to 4.

[ Parent | on HN ]
Re:Class Bullshitters by meheleventyone on Saturday March 05, 2022 @03:18AM (#30565533)
They might be estimating how tech costs (salaries) have increased rather than general inflation.
[ Parent | on HN ]