You don’t need a college degree to be highly successful.

That’s according to Austin Russell of the world the youngest self-made billionairewho dropped out of Stanford University in 2012 to start his company, Luminar Technologiesafter receiving a $100,000 grant from the Peter Thiel Fellowship.

CNBC Make It asked Russell, 28, if he would advise other student entrepreneurs to leave. His answer: “Absolutely.”

“College is not for everyone,” he says. “It’s just kind of a traditional approach to what you do and what you should do.”

Russell’s decision turned out to be the right one – his company, a technology startup that develops hardware and software to power self-driving cars, is now valued at $2.6 billion. What’s more, he says he still would have left Stanford even if he hadn’t received the funding.

“If you’re wondering if I’d drop out [without the grant], Yeah. Absolutely. There was no doubt in anyone’s mind,” says Russell. “It was going to happen anyway.”

He’s not the only one who feels this way. More than half (56%) of Americans agree that a four-year college degree is not worth it, recently Wall Street Journal poll found. Skepticism about the practicality of a university degree has constantly increased over the years however Experts they say higher education is still proven to produce favorable outcomes such as better pay and higher-skilled job opportunities.

For Russell, the same resources you can get at university are readily available through smartphones, tablets and other electronic devices.

“We now have all this information at our fingertips online. It’s not something that was the case 50 years ago, [but] now it’s absolutely true,” he says. “In my early teens, I was able to watch entire Stanford and MIT applied physics lecture sets online at 2x or 3x speed.”

“You can do all these kinds of things that were never possible. You can go through entire curricula and year-long courses in weeks if you watch it back to back. There are so many ways to impart knowledge,” he continues.

This doesn’t mean that a quick search on YouTube will make you an expert in a certain area. The key to facilitating your own learning? “You have to take the initiative,” says Russell.

“You have to have the guts to do it. And especially as an entrepreneur, no one is going to hold your hand along the way,” he says. “You are directly responsible for at least all the things within your control, [like] what you do, what milestones you achieve and what kind of product you end up delivering to the world.”

Russell joins tech billionaires Steve Jobs and Bill Gates tycoons who dropped out universities. The Apple founder dropped out of Reed College at the age of 19, reportedly due to the financial burden on his family. And Gates attended Harvard for two years before leaving to build Microsoft.

Russell says he doesn’t regret his choice at all — in fact, it played a major role in why “I was very happy and grateful to have a lot of success at a very early age,” he says.

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