Andrew is passionate about IRC and has been for a very long time. This is just another outflowing of his vision and gratitude, not some kind of cash grab.
Re: University: It's a 'University' ON IRC, not ABOUT IRC. There will be partnered educators and developers teaching classes about many topics, likely a good portion development focused.
Re: Ventures: This isn't ventures FOR IRC, it's an incubator. The communication, application, and interaction will be centered on IRC, but the ventures will be varied.
The team working on irc.com has extensive experience of IRC communities and networks and will be opening the door to collaborations with others within the IRC environments, whether network operators or ircd developers and seeks to work closely with the wider community on these endeavors.
I know most of the people involved personally, feel free to ask questions if you want!