Move Fast and Fund Science.

Collison, along with Vitalik Buterin, creator of the Ethereum blockchain platform, and other donors, pledged more than half a billion dollars to the Arc Institute, a new biomedical research nonprofit that wants scientists to focus on science, not chasing grants. They argue that scientists spend too much time seeking funding for grants that are too restrictive and see a clear role for philanthropy to support high-potential young scientists and risky or speculative projects often overlooked or underfunded by government agencies. In 2021, Collison again partnered with his brother, John, and Buterin, along with Facebook co-founder Dustin Moskovitz and his wife, Cari Tuna, and more than a dozen other donors, to collectively pledge more than $650 million to cover scientist salaries and labs at the institute. Collison and Skype co-founder Jaan Tallinn backed the Good Science Project, a new advocacy group that's pushing government agencies to make their science grant making more innovative and efficient. [Extracted from the article]