Arlington County and Culpeper Garden $12K Pitch Contest

Arlington County Economic Development and Culpeper Gardens, a seniors living housing company, are holding a Pitch Contest called the Innovation in Healthy Aging Challenge with applications to pitch due by October 11, 2019. The contest is targeted to companies that have products that improve the health, mobility, and quality of life for senior citizens like me. The sponsors describe the contest as a unique competition to provide funding and pilot program opportunities for innovative companies and technologies focused on improving the lives of low-income seniors. The announcement states that three companies will be selected to pilot their products and receive $12 thousand in funding. The contest is open to companies of all stages from startup seed to established companies from anywhere in the world. You can apply to compete in the Healthy Aging Challenge with this link. The Schedule for the contest. Application Submission Deadline - October 11, 2019 Contestant Selection Notification - November 4, 2019 Pitch Contest and Award - November 18, 2019 While I'm usually against pitch contests that are just vanity gong-show Jersey Shore-ish trash. This contest is an exception. It is for a good cause and $12,000 for 3 winners is not chump change!      ...

Washington Post Readers Dump on LifeFuels

The Tom Heath Washington Post Article The Washington Post's Thomas Heath is a good guy. He writes puff, feel-good pieces for the Post's Business Section. He's written about a bunch of clients, a bunch of good people. He's had a miss or two, for instance when he offered positive coverage to now-bankrupt Ponzi Scheme., Trustify. A company and two founders, Danny Boice and Jennifer Mellon facing multiple fraud and embezzlement charges (BTW, The Washington Post had to close the comment section because the comments against Boice were scathing). Tom is usually a cheerleader and yet in a recent post about one of DC's most embarrassing startups, LifeFuels, he's not so Rah Rah. In a Friday the 13th article about Jonathon Perrelli and LifeFuels titled, "This water bottle knows how much you’ve had to drink — and it tells your phone," he's a little skeptical. Thomas gives Perrelli, a noted embellisher of the truth the benefit of the doubt in a few instances...

Falfurrias Capital Partners acquires majority interest in DCTech company Industry Dive

Congratulations to the co-founders, CEO Sean Griffey (pictured above), CRO Ryan Willumson, CTO Eli Dickinson and the entire Industry Dive team, the best little company that DCInno never heard of. Industry Dive announced today that Falfurrias Capital Partners acquired a majority stake in the DC-based company. According to the company,  Industry Dive, "provides premium business news, original analysis, and other information products and services to more than 7 million executives across 19 industry verticals ranging from banking and supply chain to retail and waste." Founded 7 years ago, in 2012, Industry Dive started with a $900 thousand capital infusion by the founders and a small group of local Angels. Angels contributed $400 thousand in an initial seed round. That round was followed by another $250 thousand in equity and $250 thousand in convertible debt. The Washington Business Journal reported 2018 revenues as "roughly $22 million." The company's acquisition press release states, "Industry Dive's three-year growth rate of 348% placed the company in the top half of the Deloitte Technology Fast 500 and earned it a ranking as the 13th fastest-growing media company on the 2019 Inc. 5000 list. The company also has been recognized three years in a row as a top workplace by the Washington Post, and has...

Is Jonathon Perrelli’s LifeFuels About To Become a Company?

(Updated 5:51 PM August 29, 2019) Hallelujah, Jonathon Perrelli! Yes! Yes! Yesssssssss! It's happy days for LifeFuels investors. According to an article first reported by Andy Medici in the  Washington Business Journal, Jonathon Perrelli's, LifeFuels will be shipping product at some yet to be identified mythical time in the not so distant near future like perhaps some time on some unspecified day this September...

Jennifer Mellon Generously Donates Stolen Money

Jennifer Mellon, the co-founder, former President and Board Member of Trustify, a company that was an elaborate Ponzi Scheme that bilked investors out of $18 million dollars. Investors in Trustify accuse Danny Boice and Jen Mellon of embezzling and defrauding investors out of millions of dollars. While the company had very little revenue, Jennifer Mellon and Danny Boice paid themselves $200K per year each. It is alleged that Mellon and Boice transferred $750 thousand from Trustify into another account. The couple allegedly used investor money to buy a $1.6 million home in Alexandria, Virginia and a million dollar vacation home in NJ. They traveled the world in a private NetJet, taking elaborate vacations with company money. Had a company paid, maid, nanny, groundskeepers, and chauffeur. Millions of investor cash evaporated into thin air thanks to Jen Mellon and Danny Boice. Jennifer generously donated investor money to charities like the Campagna Center. She leveraged those investments to develop a relationship with an active member of the Compagna team, Rebbeca Chatterjee. Then Jennifer Mellon leveraged that relationship to land a job with Ms. Chatterjee's husband, Neil Chatterjee, the commissioner of FERC. Mellon was generous with the money she stole from investors and she used...

LifeFuels Moonshot

In 1962, a young, charismatic President Kennedy announced an ambitious plan. "First, I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the Earth." John F. Kennedy, September 12 1962 Seven years later, Kennedy was not with us to hear these famous words. "That's one small step for man, one giant leap for mankind." Niel Armstrong, July, 20 1969 It was an ambitious plan. In fact, to this day, ambitious plans are often called moon shots. By setting an ambitious goal, American scientists and engineers pushed the envelope of science. Kennedy's dream was realized. In 2014, a bombastic, charismatic, buffoonish "entrepreneur," Jonathon Perrelli announced his slightly less ambitious Moon Shot. "First, I beleive that this company should commit istelf to acheiving the goal, before this decade is out, of making a water bottle and avoid the hoots and howls of Mr. Cranky." Jonathon Perrelli, April Fools Day, 2014 More than Five years later, just nipping under the wire of the end of the decade, LifeFuels Announces, "We're kicking off our Pilot Program on June 12th." LifeFuels Yes according to an email from LifeFuels, Dear LifeFueler Subject: Pilot Program Details You will be provided with a Bottle,...

How Did Smart People Get Suckered By An Obvious Moron Like Andy Powers of Communiclique

Today's Washington Business Journal (WBJ) features a much better article by Andy Medici than the one I wrote yesterday (see mine here).  In Medici's article he reports he received several emails from the common criminal, Andy Powers. Powers was arrested by the FBI yesterday. Later that afternoon Powers reportedly entered into an email exchange with Medici. In the conversation, Powers confirmed his arrest and said he was released on his own recognizance on an unsecured bond.  This email exchange between Powers and Medici, reveals Powers to be a full whiny little bitch, gone Tinkerbell Mode. You know Peter Pan's Tinkerbell...