Do entrepreneurs need a college education? Flickr and Hunch co-founder Caterina Fake may have argued that the best way to become an entrepreneur is to drop out of college, but Read Write Web profiles one college entrepreneur who disagrees. Jay Rodrigues is a 21-year-old University of Pennsylvania junior who secured Series A funding for his college-calendaring system start-up, DormNoise. “Don’t drop out of school, because for every Bill Gates and Mark Zuckerberg, there are hundreds of entrepreneurs who drop out and go nowhere,” he advises. “At least if you stay in school, you’ll have an education.” But it isn’t easy juggling his roles as CEO and college student–Rodrigues says he works about 16 hours a day. “Be 150 million percent sure this is what you want,” he says. For more on successful college entrepreneurs, check out our 2010 list of America’s Coolest College Start-ups.