That's according to Austin Russell, the world's youngest self-made billionaire, who dropped out of Stanford University in 2012 to start his company, Luminar Technologies, after receiving a $100,000 grant from the Peter Thiel Fellowship.
CNBC Make It asked Russell, 28, if he'd recommend other student entrepreneurs to drop out.
"It's just sort of the traditional approach around what you do and what you're supposed to do."
What's more, he says he would have still left Stanford even if he hadn't received funding.
"If you're wondering if I would have dropped out [without the grant], yeah.
Persons:
Austin Russell, Peter Thiel, Russell, he'd, hadn't
Organizations:
Stanford University, Luminar Technologies, Peter Thiel Fellowship, CNBC, Stanford