Nonetheless, this story on TechCrunch about Rollyo caught my eye for the following comment at the end:
The founder, Dave Pell, is a well known angel investor in Silicon Valley and could easily raise money for the company. But instead of looking for a large venture round of financing, he’s self funded Rollyo and has only one full time employee. By keeping the burn rate super-low, Rollyo can stay the course.
Absolutely, and I bet I know why he can keep that burn rate super-low: because he's running open source software - practically a given when it comes to Web 2.0 start-ups .
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