This post is focusing solely on the VC funding aspect and proclaiming it as the cause for failure but ignoring the fact that Ello was dead in the water regardless of it. The company had no users and no business model. Heck a reasonable amount of ethical advertising may actually have done some good for the community and helped the product survive.
There are tons of them out there.
You can do a lot with a small VPS and a fixed amount of bandwidth.
Find something that 100 people will use for 5 bucks a month. IF your bills are paid and you have a day job, that's some nice pocket money.