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...

How To Invest in Startups

This is Mr. Cranky's Official Guide on How To Invest in Startups. Now a better topic than How To Invest in Startups would be Why The Hell Would You Want to Invest In Startups but that's another article. Also, a warning. These are my opinions, based on experience as a limited partner in Venture Fund and an Angel Investor. Do not make investment decisions based on this article! Got that? It's just observations of the various choices and the relative benefits and pitfalls of multiple investment methodologies. No primer on how to invest in startups would be complete without a primer on the state of Venture Capital. Venture Capital Investment today is divided into the Haves and the Have Nots: The Haves (THs) - a group of venture funds who raise money from top financial institutions and endowment funds. The THs don't have to actively go out and raise money, there's a long line of Limited Partners ready to invest well over $1 million dollars in the fund to get access to the "best deals." If you're reading this to learn something, you can't invest in any of THs. THs get access to the best deals and in order to limit competition...

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....

Dingman Angels 2019 Season

I use to be a Dingman Angel. What's that?  The Dingman Angels is a group of Angel Investors hosted by the University of Maryland, Dingman Center for Entrepreneurship.  I was a Dingman Angel from 2008 until I stopped making angel investments in 2013 (and don't ask me because I'm not going to start again now). I was fortunate enough to attend the February 2019 meeting of the group and was pleasantly surprised by the quality of the presenting companies. The University's Stan Smith, Venture Investment Manager, recently took the helm of the group and under his leadership, the group is attracting great startups looking to raise capital. Stan Smith is a unique guy to be working in Academia...

Angel Kings Ross Blankenship is a Fraud

Angel Kings my ass. Ross Blankenship is a fraud. Old Ross, claims to have cut his teeth in the DC startup scene. I've been doing startups since 1978. Over that time I've worked with a few of the great entrepreneurs and tech visionaries in this town. No legitimate startup veteran even knows this clown. Let me tell you, Ross Blankenship is not an entrepreneur, nor is he a tech visionary, nor was he ever been a thing in DC of any consequence to anyone but his mom. The cockroaches in DC built better businesses than Blankenship. He's not an Angel Investor or an Angel King. He's a fraud, who use to work out of Washington DC. Unlike DC's special brand of two-bit hustling frauds, like Paul Singh, a man who was laughed out of town...

Jason Feimster is not a VC

Jason Feimster is not a VC, how can you tell? Let me count the ways. Do you have eyes? Do you have ears? Do you have internet access and know how to use Goggle. Do you have a brain that functions? That should be enough. Just looking at Jason Feimster should tell you Jason Feimster is not a VC. Hearing him pretend to be a VC should be a tip. A little internet research would tell you. Providing you have a functioning brain and the ability to reason, any sensible human should know that Jason Feimster is a lot of things...

Death By Venture Capital – Angel & Venture Capital Part III

Many Startups fail caused by Death by Venture Capital. Here's the deal. Imagine you are a parent. You have three kids. You don't give a crap about the kids as individuals. You take a portfolio approach to the family.  It doesn't matter what happens to any of the kids individually as long as one of them grows up to cure cancer, it's a win! The other two could wind up dead or in jail, but the portfolio of kids is highly profitable. Venture Capital is like that, except VC's eat their children...

youngStartup Ventures – Pretangel Alert

I just received a LinkedIn invite from Alan Levinson of youngStartup Ventures: Alan Levinson Hi Glen- wanted to know if you're seeking venture funding. If so, let me know if you'd like details about applying to present as one of the Top Innovators at The 2018 New York Venture Summit on July 10th & 11th at Convene. Email DesperateStupidFounder@youngstartup.com for more info. Regards Alan When I got this message, I went through the following thought process: Does this clown read? Can't he tell that I'm not likely to be raising money and if I tried, no one would fund me? Then I thought, I love New York, maybe I should apply to speak at the conference. Wait...

Matthew Pugsley is a conman and he Strikes Again

Matthew Pugsley is a conman. Not everyone knows this about him as evidenced by a phone call I just had with a friend. This buddy, who shall remain nameless, was recently at a cocktail party where he met a guy who had no idea Matthew Pugsley is a conman. Over drinks and small talk their conversation went something like this: Sucker: "So what do you do?" Friend: "I'm a Venture Capitlist." Sucker: "Really? I just made my first venture investment." Friend: "In what company?" Sucker: "A little company called Chalant Health. I don't know much about it or how they're doing but my boss invested six figures." <Awkward Silence as Friend struggles not to lose his drink through his nose> Friend: "You know you might want to google them." Hey Sucker, let me google that for you! Try this link. See how easy that was? Do you know what you would have learned had you done that before you stroked a check? Matthew Pugsley is a conman. Let me make this perfectly clear, Pugsley ain't no businessman. Pugsley ain't no saint. Pugsley ain't no upstanding citizen. Matthew Pugsley is a conman, and Chalant Health is a house of cards. This isn't Matt's first con. This isn't Matt's first company from which he embezzled...