If they don't hit the $32m, I'm pretty sure they have some deals with telecom giants lined up. This was probably an attempt to keep the ball in their own court
I know Michelle, and it's impressive that she started coding just two summers ago. Testament to the fact that it doesn't take long to become a good programmer
The very fact that the University is thinking about the '2.0' is great. The war(see endowment, and the shrinking purpose of a University education) ahead will not be won by traditionalism, rather adapting to changing standards(Online courses, edX). Raising private funds, and a lot of other university activities require that we have a uniform identity. As a University of California student, I feel least offended and rather glad that the administration is actually taking a step in the right direction!