A new university in Texas, that touts a fearless pursuit of truth, is attracting significant financial backing from billionaires frustrated with elite colleges. The University of Austin (UATX), which welcomed its first class of 92 students last month, has already raised approximately £157 million. Notable donors include trader Jeff Yass, real estate developer Harlan Crow, and investor Len Blavatnik. UATX’s mission, described as “the fearless pursuit of truth”, aims to encourage ideological diversity and meritocratic achievement. The school’s curriculum blends classical texts with a focus on en…