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 Clown

Angel Kings my ass. Ross Blankenship is a clown. 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 clown, who use to work out of Washington DC. Unlike DC's special brand of two-bit hustling clowns, 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...

Angel Investing Is Broken Part 1

Angel Investing is Broken and there are multiple factors that cooked the Goose that was never really golden. To evaluate the change, let's look back in history. In the 1990s there was a much higher bar to start a company. Every bozo with an idea did not get to call themselves a founder. To start a company, real capital was required. There was no cloud, so software founders were forced to use real cash, $100's of thousands of dollars on expensive computer equipment. There was no open source so software had to be developed from scratch costing more time, man-hours and mullah. The infrastructure didn't exist to facilitate a geographically dispersed team which meant that products were developed with expensive in-house, on-shore resources. The result? In the 90s if you couldn't raise $6 million from a Venture Capital firm, you were a dreamer and not a founder. This meant that few companies with similar ideas got off the ground, the competition was limited and a Venture Capital blessing significantly increased the odds of a win. In the 1990s, raising six million dollars was a serious barrier to entry to enter a market. Just the fact of raising enough money to build a product made the...

3Si’s Team – The Best and The Brightest?

In a recent interview, Master Venture Capitalist and our Generation's Warren Buffett, Jason Feimster (please don't sue me Warren) described the 3Si team and I quote: “We’ve got about twenty. The majority of which are engineers, PhDs from top-tier universities and the like given, you know, that we do show preference to technology. We have a very competent and I’m very proud of our legal team. You know that does the legal due diligence and then last but not least, we focus on the financials. You know our CFO senior investment officer, etc." Let's do a little due diligence on the 3Si Team. Below is a picture of the 3Si team as it appears today. [caption id="attachment_77550" align="aligncenter" width="632"] 3Si Team[/caption] Partners Jason Feimster - Managing Partner - Yup, he appears to be the only person who actually is employed by 3Si "Hard L" Weinstock - Senior Partner - Lists 3SI on his LinkedIn profile but no one I've talked to who has had any dealings with 3Si has ever met Hard. Technology Sardar Mohazzam -Chief Technology Officer - Lives and works in Pakistan and lists 4 current jobs including 3Si Bill Sadler - Engineering Advisor - Is not an advisor, has no formal relationship...