Re: DSM: Startup funding (was: Almost Democracy

From: Kai von Fintel (
Date: Tue Nov 06 2001 - 13:31:38 EST

At 10:15 AM -0500 11/6/01, Christopher Weeks wrote:

>On the other hand, my apparent misinterpretation arises from page 46
>of _Announcing a New School_ in which Daniel Greenberg writes:
>"As for the cash cash seed money, it required $24,000 in down
>payment...and...something like another $16, cover the
>initial repairs and modifications... This meant a total of
>something over forty thousand dollars in cash that we put up
>That kind of spare cash sounds like independent wealth to me -- even
>today, much less in 1968 dollars.

At 12:59 PM -0500 11/6/01, Mike Sadofsky wrote:

>I am quite certain that Dan Greenberg's writing in "Announcing ..." is
>quite precise and accurate. But the fact is that these numbers did
>not indicate wealth in 1968 and don't do so now. Perhaps that's the

Just FYI: $40,000 in 1968 corresponds to about $200,000 in today's
dollars. You can do such calculations at

Since the money came from more than one family, it probably does not
indicate independent wealth, whatever that means.

  -- Kai.

Kai von Fintel                                               E39-245
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Massachusetts Institute of Technology       Cambridge, MA 02139, USA
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