Attention Law Enforcement – Matthew Pugsley Chalant Health

Attention law enforcement, be warned that Matthew Pugsley, Chalant Health, CEO is on the prowl. There was a time where he took an actual job. It appears that he lost that job and is back raising money for his company that is a total scam (see this post). Matt's been evicted again and is seeking a new place to rent. Landlords be careful, this guy has been evicted for non-payment of rent about a dozen times (see post). By the end of this week, Matthew Pugsley, Chalant Health CEO, may get free rent. He is likely to get 3 hots and a cot for being seriously in arrears on child support. Meanwhile, while not paying child support this scofflaw is a big spender when he goes out on the town (see this post). Here's a warning to landlords and prospective employees who are thinking about working for Matthew Pugsley, Chalant Health CEO, think twice. Here's a recent message I received from someone claiming to be a former employee. I just your articles about the con-man Matthew Pugsley. He is a horrible person who conned young naive sonographers fresh out of school into jobs, came up with a million and one excuses on why he...

Pitching Aspirin Inc

Raising Capital

The other day, I did a class on raising capital and pitching for money to a group of Ph.D. Students, Researchers, and Professors at the University of Maryland. As I went through the pitch, I kept referring to material that they could find on my blog that could prove useful. Here's a recap of curated articles I've written on raising money. Raising Capital Strategy - Getting ready to raise capital for your startup Are You Venture Capital Fundable - Do you really have an idea that will interest investors? The Best Time To Raise Capital - When is the right time to raise money? Six Hurdles To Getting Investors - The more milestones you've successfully completed the lower the risk of executing your plan. Reducing risk raises the odds of raising around at an attractive valuation. A Construct For Thinking About Startup Risk-Reward- A construct to help you decide if now is the time to raise money Targeting Investors - How do you find the right people who might invest in your startup Strategy for pitching to investors - Preparing your pitch Driving Investors On To The Bus - Understanding how investors look at investments Do Venture Capitalists Have Feelings?- Don't just pitch the numbers, pitch the feeling...

Bullshit – Jason Calacanis Angel University

It's difficult to make money in Angel Investing. Most Angels lose money. For people who want to spend money to learn how to lose money, there is Jason Calacanis Angel University. Because if you're willing to flush cash down a toilet, why not flush some of that cash down the Jason Calacanis Angel University toilet. Wait just one cotton-picking minute Glenbo, you Cranky old fart...

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....

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...