Yes. In fact, I'd go even further. Don't even try to build startups. That's premature optimization. Just build things that seem interesting. The average undergraduate hacker is more likely to discover good startup ideas that way than by making a conscious effort to work on projects that are supposed to be startups.
A lot of people think that it was because he dropped out that Zuck was so successful, but IIRC, during Startup School 2012 he said that Facebook hit 1 million users before he dropped out. So unless you're coming up with the next Facebook (and you're almost definitely not), dropping out is a boneheaded move.
Your startup can fail at any time before people give two shits about it (and most do, quite quickly), but a good degree from a quality university will stay with you for life.
Actually it'll stay with you for your first entry-level job, after which people will simply stop asking when/where you went to school.
People seriously need to think before dropping out. What do you plan to do, if your start up folds up? Which is a very likely scenario given how many start ups fold up.
You can do the start up thing anytime. But going to college has always been a young mans game.
If you want to be a doctor or lawyer, sure. If you want to work in technology, I've never met anyone who cares. In hindsight, I believe you can optimize your path for your career which often would not include college, but admittedly it is difficult to see that path as a youth, which I suppose could make college a good default.
It's a bummer that I'll probably never work for the Facebooks or Googles of the world, but there are always jobs going in tech and once you have experience, your education is pretty much irrelevant.
Your education shows your first employer that you are dedicated and know your stuff, when you go to your second job, it is your performance in job one which will instead be validated.