What if college simply doesn't make sense for aspiring Founders — are we ready to sacrifice this sacred cow?

Last week I was having lunch with a very successful old friend who made over $100 million in his career. He wanted me to sit down and advise his 18-year-old son who had just graduated high school. The first thing he said was, "He's decided to skip college and go straight to starting his own company."

This is the first time I've heard a parent say that out loud, but I'm starting to think it certainly won't be the last.

My immediate gut reaction was going to be some defense of college, even though I dropped out as fast as I could to start my first company. But no matter how many points I sped through in my mind, I couldn't come up with...