Starting a university is in general not a good business, unless, like Olin, you start with a substantial endowment. There is plenty of perversity in university

Starting a university is in general not a good business, unless, like Olin, you start with a substantial endowment. There is plenty of perversity in university spending priorities and compensation structure without trying to make the equivalence with a two-sided market, which is only a small part of the picture. Moreover, the problems of universities are different for elite private, public, 2nd tier private, lower-tier private, speciality, and for-profits.