[Nrsolis]

I'm not dismissing the hard work that goes into either. What I'm saying is that the risk profile isn't close to being comparable.

A young tenure-track professor isn't at risk of losing their degree if they fail to achieve tenure. It's also unlikely that they might owe thousands (or hundreds of thousands) to the IRS or state tax authorities for which they could very well be personally liable for. That's not a figurative example. I actually saw this happen with a small ISP.

I recall a news story about a congressman who left public service to try and run a business (something not technical) and he was dumbfounded by the practical affect of the laws that he helped pass and how unwieldy and challenging it is for an entrepreneur to actually succeed when faced with the never-ending cascade of regulations and approvals needed to actually open. The gist of the article is that he didn't appreciate the reality of business ownership until he tried it. Then he saw the light.

I would encourage any academic that thinks the only way to succeed in business is to cheat to give it a try themselves. Something as simple as an ice-cream shop can be a real eye-opener in terms of regulatory complexity, financial disclosure, and employment law.