We ran into Kevin Burton a couple of weeks ago at Web 2.0 as he was formulating a plan to raise money for his start-up, sans venture capital. The result is this PBS-like funding drive aimed at users.

“The real question is whether a startup can be funded solely by donations and ad sales. I’m not sure. It’s an experiment I’d like to try. Right now we’ve made $80 in less than 24 hours which at this pace seems like it would be self sustaining.”

Burton raised $300 through Sunday – probably not enough yet to shake the foundations of Sand Hill Road.

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