It's just one case but HHMI controls a endowment on par with NIH, $30B, and is about as influential an organization in the biomedical sciences as such exists in

It's just one case but HHMI controls a endowment on par with NIH, $30B, and is about as influential an organization in the biomedical sciences as such exists in the world, so noting its success will be highly informative for other future attempts. I'm also not saying existing journals should go away or that this prevents any other initiatives. I'm merely saying the funding agencies should create their own journals.