Attention Trustify Investors

Attention Trustify Investors: I have a treat for you. Want the next best thing to audited books on your investment in Danny Boice and Jen Mellon's dumpster fire FlimFlam, doing business as Trustify. Attention Trustify Investors: Danny Boice needs you to dump more, I mean invest more of your cash in Trustify so he can maintain his lifestyle. Attention Trustify Investors: Do you have an accounting of what the assets in which you invested? Check out this rental: https://laricks.com/property/10653422 See this home? You paid for it. Your investment went in for the down payment and is paying the mortgage and now that Danny and Jen have spent the bulk of your money on houses, cars, NetJets, and a new $150K boat in July. He has to rent this out...

All Eyes on Jonathon Perrelli and Fortify

So there's this guy in town (DC) who likes to play dress up. While all the other kids were playing Cowboys and Native Americans, this guy dressed up like he was a Venture Capitalist.  I'm talking about Jonathon Perrelli and Fortify. Back in the day, he played big venture capitalist boy. Today, all the other kids are playing astronaut, but little Jon is playing big-time CEO of a hot, water-bottle startup (not hot water but a hot startup and regular water). Nine years ago, there were some people in town who gave little Jonny P, real money which he spread around DCTech like cash was apple seeds and little Jon was Jonny Appleseed. Dressed up like a VC, he indiscriminately spread the cash randomly with no thesis, strategy or plan, throwing some here and there. Ninety percent of JP's investments were or are dogs. But just like a blind squirrel...

Fireside Chat with Dan Berger, Social Tables

Thank you to Tien Wong and Connectpreneur for hosting my fireside chat with Founder and CEO, Dan Berger, Social Tables. If you've never been to one of Tien's Connectpreneur conferences he puts on a great show and you should check it out here: Connectrpreneur If you can't see the video you can link to it here: https://youtu.be/O3i_CIuB7Dg The transcipr of the interview follows: Me: Don, this is probably the first time we've been together since I last sat on your board probably four years ago. Dan: Yeah it's been it's been roses ever since. Me: True, so let me let me let me replay to you and to the audience how we first met. I was at a DC tech meetup, the date was April 5th 2011.  I had put out a tweet that the Dingman Angels were looking for good companies to possibly invest and I received this tweet back, @glehel hey! Let's try to connect at the end of the meetup. — Dan Berger (@danberger) April 5, 2011 Signed, Dan Berger, I was later to find out that then that Dan is pronounced Don and we then met at a Starbucks. Can you tell us a little bit about that? A week later we're at Starbucks you your partner and what did we talk...

Pulling Weeds in the DC Startup Garden

If the DC Startup ecosystem was a garden and all the startups were plant life, the good companies would be flowers, especially Urban Stems and Bloompop that happen to sell flowers. If the DC Startup ecosystem was a garden than the DC Startup Tech "Journalists" would be the farmers who shine sunlight and spread manure in our gardens. "Journalists" from Tecnical.ly DC and DCInno do a great job of spreading the crap. They indiscriminately spread life-giving nutrients to all plants be they flowers or weeds. That's great because every garden needs fertilizer. If the DC Startup ecosystem was a garden it would be a small garden and unfortunately, this garden is over-fertilized with poo and is infested with weeds. The weeds you ask? They are companies like Trustify, Chalant Health, Union, and LifeFuels, with "Venture Craptial" firms like 3Si, with false prophets like Paul Singh, Evan Burfield, Jonathon Perrelli. they are the second tier, phonies who don't even qualify to the 1st class huckster status like, Jason Feimster, Matthew Pugsley, and Janet Ridgely. To the outright abusive criminals like Andy Powers, Danny Boice, and Jen Mellon. If the DC Startup ecosystem was a garden, this garden would need a gardener willing to get his or her...

Jonathon Perrelli LifeFuels Life Fool

What do you do if you're Jonathon Perrelli, the LifeFuels Life Fool, and Mr. Cranky won't stop pointing out how much of your investor's money you wasted promoting your product and yourself. How do you counter my frequent mocking because you've focused so little time creating a product? How do you counter Mr Cranky making fun of all the money and time wasted on meaningless pay-to-play awards like a CES innovation award (see post)? A competent rational person would stop focusing on self-promotion and start focusing on building real value. An intelligent strategic person would stop producing so much mock-worthy material. But a LifeFuels Life Fool would just try to block my access to his buffoonery. He'd block every person who follows Mr. Cranky on Twitter, everyone who has ever left a supportive comment on my blog posts (more about that later). This fool would block me from his social media feeds in the hopes that he could hide from critical scrutiny. JP is a snowflake too timid to face the truth. A man who craves affirmation and runs from the truth. The problem with Mr. Perrelli, LifeFuels Life Fool is he's afraid to face facts. He is afraid to confront reality...

executive coaches - whoopass

Startup Community Leaders or Leavers?

I've always been suspect of startup community leaders. In fact, when Tien Wong accused me of being a startup community leader the other day, I was so offended I almost asked him to turn in his can of WhoopAss. Let's look at a history of startup community leaders in DC and keep score: Startup Community Leaders Who Are Leavers: Mario Morino - DCs first startup community leader at the end of the 90s and beginning of the aughts. He left town for his hometown of Cleveland over 15 years ago. LaunchBox Digital - How could these guys fail with such a strong first cohort (see article) Frank Gruber - Ran DC-Focused Tech Cocktail and left town in 2013 to become a Las Vegas community leader in 2013 Jen Consalvo - Also ran DC-Focused Tech Cocktail and left town in 2013 to become a Las Vegas community leader in 2013 Justin Thorpe - Was a force behind DC-Tech Meetup, DC-Tech Facebook Group left town in 2013 to work with Frank and Jen and came back a year later as a civilian Michael Myernick - Co-founded Proudly Made and a DC-Tech Meetup organizer raised $1.2 million for his "startup," Spinnakr and then snuck out of...

Matthew Pugsley Scofflaw and Felon

Right now as I write this Matthew Pugsley is in court. Once again this crook is defending himself for non-payment. Just a quick check of the Fairfax County District Court for Pugsley the CEO of Chalant Health shows that Pugsley has been involved in 12 Court Actions involving 9 different cases since 2009. Count them 12. Four of those involve Matthew Pugsley being evicted (Unlawful Detainer). Case # Plaintiff Defendant Date Case Judgment Case Type GV17012863-00 CARLOCK, DOUG PUGSLEY, MATTHEW 07/21/17 Plaintiff Unlawful Detainer GV14018989-01 WEBSTER, DAVID E PUGSLEY, MATTHEW 01/08/15 Closed Garnishment GV14018989-02 WEBSTER, DAVID E PUGSLEY, MATTHEW 01/08/15 Closed Garnishment GV14018989-00 WEBSTER, DAVID E PUGSLEY, MATTHEW 10/24/14 Plaintiff Unlawful Detainer GV13021708-00 KANG, DIANA S PUGSLEY, MATTHEW Q 11/01/13 Non-suit Warrant In Debt GV12014854-01 MILLER, MARGARET PUGSLEY, MATTHEW Q 09/18/12 Closed Interrogatory/Judge GV12014854-00 MILLER, MARGARET PUGSLEY, MATTHEW Q 07/20/12 Plaintiff Unlawful Detainer GV10031048-00 DELL FINANCIAL SERVICES LLC PUGSLEY, MATTHEW 07/06/11 Non-suit Warrant In Debt GV10015563-00 JORMANDY LLC ASSIGNEE OF CHASE BANK USA NA PUGSLEY, MATTHEW Q 02/02/11 Plaintiff Warrant In Debt GV10031784-00 COUNTRY CLUB OF FAIRFAX PUGSLEY, MATTHEW Q 01/12/11 Not Found/Unserved Warrant In Debt GV10021600-00 DEUTSCHE BANK TRUST COMPANY AMERICAS PUGSLEY, MATTHEW Q 09/23/10 Non-suit Unlawful Detainer GV08030274-00 BB&T FINANCIAL FSB PUGSLEY, MATTHEW Q 02/27/09 Plaintiff Warrant In Debt Regarding Eviction Case Number : GV14018989-00 Judgement against Pugsley Judgment : Plaintiff Costs : $46.00 Attorney Fees : 2,112.00 Principal Amount : $10,560.00 Other Amount : Interest Award : 6% FROM 102414 Possession : Possession Writ Regarding Eviction Case Number: GV17012863-00  Judgment : Plaintiff Costs : $70.00 Attorney Fees : -0- Principal Amount : $23,333.34 Other Amount : Interest Award : 6% INTEREST FROM 072117 Regarding Eviction Case Number : GV08030274-00 Judgment :...

Jason Feimster the Clown Prince of Venture Capital

Great News for DCTech! Jason Feimster, the clown prince of Venture Capital is back in business! His website is back up. It's still a cheap ass, low-rent, Wix-based web site. It still features a ton of plagiarized content (See the Clown Prince of Venture Capitals plagiarizing post). Feimster's page is still riddled with lies. But, let me say this in defense of the Clown Prince of Venture Capital's website if it was compared to the underlying, "Business," if the website was a novel it would be, War and Piece, while the business is 50 Shades of Feces (Jason, here's a link to help you figure out what the word "Feces" means). For some strange reason, cough, cough lack of money, Jason's website went AWOL in June. Maybe after being fully invested, he had a cash flow problem and couldn't pay his $6 monthly web hosting fee (see post). I'm told, but can't verify that his last fund was fully invested when he invested the last nickel in a pack of juicy fruit gum. So he closed 3Si Holdings Fund I. The crack investigative reporting team at Driven Forward were able to obtain the actual complete Fund I portfolio. Here it is: One...