I also invested in Synereo. Seems they are still working on it and it seems like forever. Things move fast in the crypto space. Not only is Steemit already out but there are multiple other competitors. I'm not advocating rushing things (like the DAO) but you can't leave things too long in this space either. Crypto time moves way faster than regular time.
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what are Steemit's other competitors that are out already?
There aren't any:) I doubt the others will ever come out anyway. Akasha is an ethereum project I think so will likely be delayed due to the ether war that is currently ongoing. The Synereo people seem really smart and talk a lot but have been doing that for over a year without anything useable to show.
I actually got reminded of https://www.yours.network yesterday, that might be comparable. though they haven't launched, so don't know too many details.
first discovered it on Medium: https://medium.com/@McKie/how-yours-can-empower-creators-curators-from-all-over-the-web-3ae67d45c0e6#.2ve6ds50d
hasn't been any more news since May, though - so they may have missed the boat...
I've just posted a follow-up with a proposal for Synereo dev's to avoid their disaster:
https://steemit.com/steemit/@argsolver/my-proposal-to-synereo-dev-s-relocate-your-base-to-steemit