[concordDance]

> His dad invested $200k at 10% at a later stage

You're reading that wrong. Elon is claiming his dad invested 10% OF a $200k round of seed funding. The actual amount was $28k. (See wiki: https://en.m.wikipedia.org/wiki/Zip2 )

[throw93]

I was being more charitable to Elon by trusting what he said himself. I know the $28k number. Almost 40% of the households with college age kids earn less than 70k before taxes. How many would be able to afford to give a $28k loan to their kids?

Source - https://www.statista.com/statistics/782411/parental-income-o...

[concordDance]

You weren't being charitable to Elon, you just either misread what was in the tweet or mistyped and claimed his dad invested $200k.

Median household income is $70k, so I'd expect you'd need to be upper middle class or quite good with money to loan $28k to your kids. I certainly won't argue that the Musks were poor, but there's a very big difference between "able to help their kids through college and loan $28k" and "silver spoon trust fund kids".