Communiclique Bankruptcy (AKA: CliqueAPI)

Communiclique Bankruptcy? It looks like the investors believe a Communicliaque Bankruptcy is warranted.  On Friday, March 15, 2019, several investors petitioned a Deleware court to involuntarily take the company into Chapter 7, bankruptcy (see what a Virginia Court found about the fraud Andy Powers and his team perpetrated at Communicliqe). The case was filed by Attorney Daniel A. O'Brien, of the firm Venable LLP, representing creditors/investors: Andrew and Jamie Schwartzberg, Keith Hladek, Stonehaven Capital, Erik Sachwitz, Philip Lowit, Adam Stern, Robert Mitchell Pons, and the Paitaridis Children Family Trust. In one month, two of DC's scummiest bags are being attacked and forced into bankruptcy by their investors. Danny Boice of Trustify (see article) and Andy Powers of Communiclique were litigated into bankruptcy when their investors finally had a moment of clarity and realized they had invested in sham fake bullshit Potemkin Village-esque companies   What does a Communiclique Bankruptcy have in common with Trustify's Bankruptcy (check out the crime family post here)? [caption id="attachment_81076" align="alignright" width="243"] Andy Powers (kneeling) and Danny Boice all prison-tatted ready[/caption] Both companies were founded by criminals. Both Danny Boice and Andy Powers are pathological liars and crooks. Both companies existed to take investor money and put it into the pockets to fund a high-life...

Another Trustify Lawsuit – Anchorage Capital VS Trustify and Danny Boice

Another Trustify Lawsuit and big trouble for Danny Boice and Jen Mellon as this suit alleges fraud and embezzlement among other charges. Some highlights: 2. Anchorage has sound reason to believe that its substantial investment in Trustify is being squandered and its rights as a stockholder are being materially, irrevocably, and adversely affected through Trustify's abandoning of its business and through the fraudulent and negligent actions of Trustify's Chief Executive Officer, Daniel K. Boice ("Boice"), and its other officers (Cranky Not: Jen Mellon, you are an other officer a VP, a "Co-founder" and a board member). 3. In May 2017, Anchorage purchased 2,408,599 shares of Trustify's Series A Preferred Stock at a price of $1.9721 per share, for an aggregate investment of $4,749,998.09. 5. Moreover, a number of Trustify's board members have suddenly resigned and one has even retained separate counsel, Trustify's corporate headquarters have been shuttered and abandoned, and Anchorage has uncovered malfeasance, mismanagement, breaches of fiduciary duty, and fraud relating to the funds received by Trustify as part of its stock offerings into which Anchorage has invested. 13. The majority of Trustify's board members also resigned during this same time, including Boice's co-founder and wife, Jennifer Mellon. While Trustify's investors were able to communicate with the...

RIP Richard Fox – Father, Husband, Friend, VC and Mentor

The world has lost another visionary. Richard Fox has left this earth at the age of 65. I first met Richard Fox in 2001 when he was on the board of Astracon, a Denver-based startup. Richard was the board representative of Cross Atlantic Capital Partners, an investor in the company. The board had hired me to run the company and we grew close during board meetings. From that time on he became a mentor to me and we developed a close friendship. Later, Richard invited me to join the board of Astracon, a company founded by Jamey Harvey and then hired me to replace the then CEO. Richard and I bonded as we both had little patience with fools and frauds. I remember one night sitting in a restaurant with Richard when he told me about the love of his life Susan. When my wife Nancy and I got to meet her we understood his infatuation. We were honored to join them at their wedding in Sedona where we had the opportunity to meet his son and daughter. A fellow Jersey Boy, based in Philadelphia, Richard was a Venture Capitalist who had a solid code of ethics and a heart. He received his undergrad degree from...

More Jason Feimster Plagiarist – Conman and Fake VC

Unfortunately for the World, Jason Feimster, Plagiarist, Conman and Fake VC is back (check out 3sI Phony VC). His web site is back up and this semi-literate, conman is continues to steal other people writing and present it as his own (see this post about his prior plagiarism foibles). If Jason Feimster ever had an original thought it would die of loneliness. That must be why this guy steals other peoples work. There was a while where his low-rent, Wix website went down...

Kyle Sandler Can’t Make It Anywhere

Queue up the song, New York, New York! If you can make it there, you'll make it everywhere. Kyle Sandler couldn't make it there. Kyle Sandler couldn't legally make it anywhere. Kyle Sandler better hope he can make it in prison...

Bobby Ocampo and Blueprint Equity

When I wrote the post, Angel And Venture Capital Are Broken – Part II, I highlighted two innovative variations of traditional Venture Capital, Proof Fund and Private Access Network. Then a few months later, I sat down with Bobby Ocampo of Blueprint Equity. Bobby introduced me to yet a third variation, that of his new fund Blueprint Equity. If you're from DC and you live in a hefty bag (basically that means those of you who get your DC Startup news from the Technically.DC and DCinno, the startup equivalents to getting your world news from Fox News), you probably don't know Bobby Ocampo. So let me catch you up on stuff that doesn't come from some inane, Jonathon-Perrelli-esque, self-promotional, press release. Bobby did 3 years at a Venture Capital firm, Grotech, followed by five years at Revolution. You all know Revolution right? Because even Technically DC and DCInno can spell Steve Case and Revolution Ventures. According to SEC Filings, Blueprint Equity raised $54 million dollars of a $75 million dollar fund. What makes Blueprint Different than other funds located in C besides the fact that Bobby just picked up and moved to San Diego? Got that, Mr. Ocampo left town and opened up shop in San Diego....

Heard Around DC Startups

Ah DC Startups, the red-headed, bastard, stepchildren of the startup world. For instance, the other day I read a quote by a guy. In terms of DC Startups, this guy is a successful founder with a good, relative to other DC Startups exits.  I like and respect this guy and his current company.  Yet, the quote was a perfect example of the ridiculous, over-the-top, kind of sound bites it takes to get ink or bits in the startup press in the wastelands of DC Startups. This quote inspired me to pick on all the pronouncements and predictions from DC's "prestigious" prognosticators. Here's the quote that inspired me, "We have the DNA of a billion dollar company" I have the DNA of a Neanderthal (2.7 % of my DNA to be precise) but that doesn't make me a caveman. Nope, I'm a caveman because I have failed to evolve. So to the CEO of the double-helix DNA company, you have the DNA of a decent company but you aren't the next Uber of Uber. On the other hand, you aren't Lifefuels...