The jury is out on whether higher education is valuable for entrepreneurs. During a Young Entrepreneur Council StartupLab live chat held Tuesday, Shradha Agarwal, co-founder and Chief Strategy Officer of ContextMedia, threw in her two cents. 

Agarwal, who launched her first business when she was 9 and now works as an angel investor, acknowledged there are skills to learned during college. But the most valuable lesson of all comes from taking on risk and accepting a challenge. 

"To be a true entrepreneur, you have to drown a few times. You have to feel your stomach churn when you're faced with a problem you don't know the answer to."

Learning how to take calculated risks cannot be understated, she continued. Getting out in the field, testing products, talking to customers, and getting feedback all enabled her to adapt and move on when things weren't working. 

Since 2006, ContextMedia has provided patient education solutions to healthcare professionals in chronic disease care. The company was started with no investors and in a market that didn't exist