How Entrepreneurship isn't prestigious?

IB is relatively low risk for job security compared to nearly full risk and full returns of Entrepreneurism. 

Who calls entrepreneurs unprestigious? I admire the balls and the initiative anybody who's even attempted entrepreneurial efforts a helluva lot more than any (junior) banker.

Entrepreneurship spans from scamming people with online courses to founding facebook. Its prestigious, but most of the time people dont know which one youre referring to. 

Have met multiple strippers and OnlyFans girls who describe themselves as entrepreneurs, I imagine that doesn't help the image for the layman. To put it simply anyone can be an entrepreneur. It takes very little effort to get something started. What's respectable about it is when someone dedicates themselves to doing something, getting better, hiring more and more people to help, and scaling into a progressively larger and more successful business. Only a small # of people who start down the entrepreneurship path actually get that far though, so the majority of "entrepreneurs" you meet will inevitably be of less than stellar quality. 

Majority of people I know who have generated $10M+ (generational wealth type of money at least in my opinion) have done it via entrepreneurship. But honestly, seen equally as many strike out and jump back to corporate environments.

Personally know a few families around the $5-10M+ range who essentially had someone in their family generate wealth from selling a company / running a company (richest person I know had made his first huge payday selling a company that he acquired and flipped). Not uncommon for their kids to either work for the family business and take over it or handle the money via active / passive investments.

A close friend of mine essentially works for his dad's holding company and helps put out fires in different businesses they own (commercial real estate, mom & pop stores they bought, and ecommerce space). I would be lying if I said I wasn't somewhat envious of his life. Some of his work requires international travel and he's getting a lot of hands on experience no one at his age would get in the corporate world and at most PE / family offices.

I think the truth is very simple. As far as business careers are concerned, we live by the Golden Rule: “he who has the most gold… rules.” Most prestige things you can come up with boil down to who has more money. PE is on average considered better than IB because they have more money, but a lot of people leave before seeing that. People can argue prestige, but money is the ultimate scorecard. If an entrepreneur makes more than me as a banker, great, hooray for you. A lot of entrepreneurs just own one of the local Subway restaurants or do cake decorating on the side. It’s all relative.

That's like an apples to milk comparison wtf. Yeah 2% of getting into GS but very good chances of landing somewhere in IBD or somewhere corporate which is still decent

Your numbers are way off. Most "entrepreneurs" crash and burn horribly, 2% do not become unicorns lol.

To your original Q, entrepreneur can mean anything from some MLM monkey selling makeup bullshit to Chip Wilson 2.0.

Because sometimes entrepreneurs have dogshit ideas and act like they're better than everyone else.

I don't want to hear about how you invented some problem that doesn't exist, stress the urgency and magnitude of said fake problem, and then try to tell me you're hitting an inflection point in growth, so your $3m ARR, $500k/month cash burn business is really worth $100m.

Stop writing "inspirational" LinkedIn posts about your appreciation for tall buildings (only 4 dudes liked it, all of whom reside in 3rd world countries) and get off your high horse. 

Also, countless college students who are "pursuing entrepreneurship" and then you ask them what their startup idea is and they don't have one. Okay man sure, call yourself an entrepreneur so you can feel good about yourself.

If you are however in the top 5% of entrepreneurs (as measured by quality of business, quality of solution to a real world problem, and not a dick) I've met with, the above doesn't pertain to you, you are a beast, keep grinding, and look up at all the tall buildings you want.

I think because:

1) The 2+2 route has MASSIVE barriers to entry while entrepreneurship has none. Don't get me wrong, respect to entrepreneurs, but everyone and their mother who sets up an online business is an 'entrepreneur' these days. LinkedIn is full of these cancerous people.

2) The GS guy is all set to pursue entrepreneurship after his 2+2+2 stint but the entrepreneur can't do GS after. GS is a Pareto improvement over entrepreneurship. The former subsumes the latter

3) This ties back to 1), but the 'prestige jobs' have an automatic floor for the quality of the person. While many 'entrepreneurs' include scammers online

How is that different from an Entrepreneur that has the same delirium about being the next unicorn (2% chance of succeeding)?

Lol "2% chance of being a unicorn" okay buddy