The OP implicitly differentiates a small business owner from an entrepreneur. Your friend is a small business owner. When he raises money to hire employees, b

The OP implicitly differentiates a small business owner from an entrepreneur. Your friend is a small business owner. When he raises money to hire employees, buy advertising, and expand his product line, and his daily responsibilities shift from actually making the product to financial planning and risk management, he has become an entrepreneur. Most hackers probably want to be small business owners. An entrepreneur engages in "real" work only tangentially. They will use domain knowledge to plan effectively, but someone else will be making it happen.