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...

Random Rants of a Cranky Old Fart

I have been collecting a bunch of Random Rants that don't warrant a singular blog post so I thought I'd get them all out at once.  So here we go with Random Rants of a Cranky Old Fart. The Peter Noce Affair - My Mobile Phone Rings...

Do Your Due Diligence – More 3Si Jason Feimster BS

Please, folks, do your Due Diligence!!! If you don't know what I'm talking about.. it means you haven't read any Mr. Cranky posts this year. Let me just say that I am mildly suspicious of Jason Feimster's bona fides as a Venture Capitalist. I am slightly skeptical regarding the legitimacy of calling 3Si a Venture Capital firm and not a raging burning pile of hippo poo. Recently when it comes to scumbag scam artists I was reminded that I can write enough posts exposing the same crooks. I must repeat myself constantly to expose the frauds and cheats that inhabit the startup world. For instance, after umpteen posts about Matthew Pugesly, pretend founder of pretend company Chalant Health some dope still invested, With all the work I do the world is still able to find gullible morons willing to invest in the only company in DC that might be worse than Danny Boice's Trustify. It's disheartening that even when I do your due diligence for you, some people won't go to the old google machine and find it. So I was pleasantly surprised to find someone that at the very least, knows how to use google and found my posts on Feimster and 3Si. I recently received this email: From: someone ...

Why Won’t Danny Boice and Jen Mellon Sue Me?

They threatened, they told me if I didn't take down my blogs and apologize they'd sue me. So I posted more blogs. More posts incriminating these crooks and you know what happened? No lawsuit. Not a peep. Nothing! Nada! Why won't Danny Boice and Jen Mellon sue me? It's been over a year since they threatened me but it appears it was an empty threat. No lawsuit. They used a joke of an attorney. A cheap-ass ambulance chaser...

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...

Jason Feimster How Venture Capital Works

Jason Feimster, Jason Feimster, Jason Feimster. While I so want to pick up a new topic. You keep leaving me nuggets of lunacy that I can't ignore. Now Jason, unlike you, I've never been a VC. But also unlike you, I've worked for VCs, pitched and successfully raised money from VCs and have exits that made money for VCs. So let me coach you on some VC-dom basics. There's a problem if you've never pitched a real Venture Capitalists (VC), and if you're not a real VC.  It's very difficult to pretend you're one. There is so much stuff you don't understand. Pretending to be a VC after never being a part of or ever witnessing a real Venture Capital process is difficult. It's like putting a caveman in a helicopter and expecting them to be able to pretend they can fly it. They don't even know helicopters fly. For instance: Jason Feimster, when you ask a prospective "portfolio company" founder to sign an NDA? Come on silly, Real VC's don't sign NDAs. Consultants do. Real VC's don't learn their trade watching Shark Tank. In videos of Jason (I've included a bunch herein), Jason mimicks the sharks. Maybe you'll understand this...

Real Entrepreneurial Bible Verse

A friend of mine, who apparently frequents only the best bathrooms found this entrepreneurial bible verse written on the walls of a bathroom, somewhere in America. It should be the bible of startup entrepreneurs everywhere. It says, stop worrying about getting a pat on the back. Stop spending time on Glitter Traction. Get some shit done! Kudos to the unknown author of this Entrepreneurial Bible Verse: Set some goals. Be quiet about them. Smash the shit out of them. Clap for your own damn self. Author Unknown,  photo by Scott Stephen's in a bathroom somewhere in America. This rant reminded me of another entrepreneurial rant posted by Stephen Candelmo a few years ago. Are you focused on meeting real tangible goals that make a positive difference in your business? As an executive coach, I work with people who run businesses and help them make decisions, set goals and then get them to meet those goals. Want to know what that feels like? Try a no-obligation, complimentary, online coaching session. Schedule your executive business coaching session now by pressing the little red button and we'll get you on the road to entrepreneurial success....

3Si Phony VC

Everyone Who Knows Anything, Knows 3Si Phony VC is a Sham. Well, everyone except the local tech rags. With them, when it comes to that "knowing" thing, there appears to be a problem. These Tech "journalists" either don't know much or don't care about sharing letting what they know to get in the way of a story on deadline. The problem in DC is that too many of the "journalists" at rags like Technically DC and DCInno simply reprint bullshit without doing research. So when they post an article like this one, "WeWork’s veterans-in-residence program expands to DC," by Technically DC or this one, "The 10 Entrepreneurs in WeWork’s First D.C. Veterans in Residence Program," by DCInno the damage the very ecosystem of which they claim to be supporters. I reached out to one, count them, one, of the listed "Team Members" on the 3Si Web Page to ask about his relationship with 3Si. His response, "I Read your 3Si expo. I’m unfortunately linked with them and can’t seem to distance myself. One of the comments you posted came from my client. I Also have a second client that 3Si attempted to screw." I'm no journalist, yet, in doing a modest amount of research I...