It seems like having the scientists do their own fundraising is the wrong way to do things. You'd have to be an expert in both the science and the fundraising, to compete against the other scientists who are fundraising. Obviously, since learning how to raise funds competes with learning and developing the science, this system is going to prioritize greater-skilled-fundraisers/lesser-skilled scientists. If you're a great fundraiser, why do you even need the University?
That makes sense, but if you’re a fundraiser and not a scientist, how do you evaluate the claims and the potential for every project that wants you to raise for them? If that were my job, I’d have no idea how to tell a Theranos apart from what this research was, other than going with my personal rule of favoring the one who doesn’t put on a fake voice.
But there is a limited supply of money, and someone has to figure out how to get the right amount to the right people for the right length of time. If you know how to do that, I’ll definitely fund you, and every project you recommend!