ARBITRUM FOUNDER'S THOUGHTS ON L1 GRANTS

Summary from the TLDR Crypto newsletter

Early in Arbitrum's history, it was offered money from an alt L1 to build for their network in addition to Ethereum. Though Arbitrum would have had more money then, its long-term growth and adoption would have suffered. Co-founder Steven Goldfeder recommends new projects to keep their “eye on the prize” and focus on the bigger picture.