As I recall, the university was run out of the non-profit ArsDigita Foundation, but the foundation got it's money from the for-profit ArsDigita company. All th

As I recall, the university was run out of the non-profit ArsDigita Foundation, but the foundation got it's money from the for-profit ArsDigita company. All the VCs had to do was cut off funding, and the university dies. I still listen to the recordings from their university every so often; they did a good thing.