If you look at college as a means to getting further educated, and you consider other options outside of college such as going through a startup accelerator or going through a college alternative like Make School, then you can make a stronger argument for apprenticeship-type programs. These options are still heavily intellectual and learning focused, sometimes even teaching you more in specific topics than you'd be exposed to in college.

I can maybe understand where you are coming from calling college a waste of time, but would interpret it as college not being the most optimal option for every individual, rather falling somewhere on the scale between best and worst option.