Showing posts with label vinnylingham. Show all posts
Showing posts with label vinnylingham. Show all posts
Tuesday, November 20, 2007
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!
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