Building a tech business in South Africa is incredibly tough. A lot of the incredible stories that we celebrate are anomalies - they are not the norm.
A lot still needs to be done. Especially when it comes to very early stage risk capital.
When I was at Google, I wasn’t afraid to make mistakes in production. The general consensus was: if a well intentioned engineer manages to bring the system down, then we better fix the damn system.
The Delve founders should definitely be held accountable if this is true. But this really is bigger than them. They didn’t even try too hard to be sleazy, they just followed the Silicon Valley playbook.
1. Drop out of school as a status symbol, completely missing that correlation is not causation. Dropping out does not make you a genius.
2. Start a business with 0 mission (no 21yo dreams of compliance)
3. Fake it till you make it (hide human labor behind the grandeur of AI features)
4. Raise an obscene amount of money because you can and because those losers who stayed to finish their degrees will be jelly.
This is the playbook. The biggest culprits are the ones who made it and uphold it. If you’re not allowed to drink before 21 but are allowed to raise 30m on a compliance idea with no due diligence from investors, then maybe something is really really wrong with the system.
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OpenAI just raised $110 billion at a $730 billion valuation. That’s 56 times its 2025 revenue. For comparison, Apple trades at roughly 9x revenue. Google trades at about 7x.
But the interesting part is where the money actually goes. Amazon is putting in $50 billion. OpenAI already owes Amazon $38 billion for cloud servers. NVIDIA is putting in $30 billion. OpenAI is buying NVIDIA’s chips for 10 gigawatts of data centers. SoftBank is putting in $30 billion. SoftBank is also building the $500 billion Stargate data center project OpenAI will run on.
The money goes in one door and out the other. It’s called circular financing. Amazon hands OpenAI cash, OpenAI hands it right back for AWS. NVIDIA hands OpenAI cash, OpenAI hands it right back for GPUs. Tech analyst Charles Fitzgerald told Fortune the structure is “a framework, not a deal.”
The valuation math is wild on its own. OpenAI was worth $29 billion in January 2023. Three years and five funding rounds later, it’s worth 25x that. It jumped from $157 billion (October 2024) to $300 billion (March 2025) to $500 billion (October 2025) to $730 billion now. Each jump funded by the same companies that happen to be OpenAI’s biggest suppliers.
And the bills keep coming. OpenAI originally told investors it had $1.4 trillion in infrastructure commitments over eight years. Last week, it quietly walked that back to $600 billion by 2030. The company burned $8 billion in cash last year and is projected to burn $17 billion this year. HSBC estimates it still faces a $207 billion funding gap even after this round.
The growth underneath all this is real. 900 million weekly active users, 50 million paying subscribers, revenue that jumped from $3.7 billion in 2024 to $13.1 billion in 2025. But only about 5% of users pay. And OpenAI owes Microsoft 20% of all revenue through 2032.
This is the largest private funding round ever, nearly 3x OpenAI’s own record $40 billion raise from last March. Every dollar raised comes with a spending obligation to the company writing the check.
@SeverinoTheWolf I remember him to be a pleasant and friendly dude.
If by some chance you don't know him, you should look him up. Maybe reach out for a collab or just review his work.
Can't wait to see more Zambians/locals representing us on the world's stage 🚀🙌🏾
https://t.co/3BqO6VMxSI
@SeverinoTheWolf Seen some of your exceptional work and I'm rooting for your success 💪🏾
Many years ago I met a random photographer on a flight. We exchanged Instagram handles and I've watched his career grow, mostly from shooting Zambian wildlife. He eventually ended up doing work for NatGeo...
The AWS Console is a social experiment to see how many UI frameworks can coexist in a single website. Every click is a journey to a different decade of web design.
Overcommunication works because your manager’s biggest fear is being surprised by your failure in front of their boss.
Every “just keeping you posted” message does the same thing: it transfers risk. When you update your manager, you’re giving them time to course-correct, pre-spin the narrative, or escalate before it becomes a crisis they own.
The people who get managed out are almost always the ones whose managers had to explain problems they didn’t see coming. That’s what triggers the “I don’t trust this person” instinct. Surprise, not incompetence.
And here’s what most people miss about overcommunication: it also shapes how your manager talks about you in rooms you’re not in. If they always have fresh context on your work, you show up in talent reviews, resourcing conversations, promo discussions. If they don’t, you’re just a name on a spreadsheet.
The real hack is making your manager feel like they’ll never be caught off guard because of you. That feeling compounds into trust, which compounds into opportunity.