College is a great place to make life-long friends. It's full of future co-founders. I would say the ideal case is:
- you can afford college
- you have enough time to launch side businesses while in college
You are correct that entrepreneurship will fast-forward your career and you will learn much faster. So if you can, do both.
I'm not an entrepreneur yet, but in a practical point of view, its still great to go to college and meet new people. You might get to know someone who would be your business partner in the future, you can even gain new friends. Just in case your business wont take off, you have a college education to back you up,then you can think of a better plan again.