I was personally going to donate to this project, but unfortunately, there seems to be little evidence that these guys actually are competent coders (not even code samples from their uni). So I fear that people are paying money simply because they hate Facebook, and that it may be mostly wasted.

I'd love to see this happen, but I do feel that there is a high risk that the end product may be garbage. So I urge people who want to donate to learn more about the boys first (a computer science degree doesn't necessarily guarantee that they even know basics such as proper multithreading or have ever touched sockets).