South African Web 2.0 Startup Gets 35 Million Rand

I'm really stoked to see that my friend and Skyrove shareholder, Vinny Lingham, has just raised $5 million venture capital for Synthasite!

To put that in context: $5 million is almost R35 million.

This is by far the biggest Web 2.0 investment in South Africa to date and is even more significant considering that SynthaSite only launched into Beta two weeks ago.

The greatest thing about this is that it proves that anyone with a great idea and a lot of energy can launch a multimillion Rand business right here in South Africa. So if you have anything up your sleeve and happen to be graduating this year, say "no" to McKinsey/Accenture/Deloitte and start your own business!

Surf the Net While Taking a Crap

Although this isn't quite what I had in mind, Rafiq Philips saw one of Skyrove's Wi-Fi hotspot stickers in the Woodstock Lounge's bathrooms, took a photo and posted it on Facebook with the following label: "Woodstock Lounge's Skyrove hotspot in the Gents. Surf the net while taking a crap."

27dinner October

What a great evening! Once again some of Cape Town's finest young geniuses and technology entrepreneurs getting together to generally be merry and learn from each other. http://www.blogger.com/img/gl.link.gif

Here's a quick video from the great folks at Zoopy: