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...

Hear Trustify’s Jen Mellon Lie on June 20th

Yes I know I'm talking about Jen Mellon, the horrible human masquerading as a do-gooder and founder of a great startup and wife of Danny Boice. For my regular readers, this is old hat and you don't have to read it. I know, I'm a bulldog with a bone that won't let go. This post is targeted for those who are not regular readers and who may be taken in by the classy facade of the rotting Potemkin Villiage that is Trustify and it's leaders. There is a group of people, sponsoring a talk by Mellon and these people who are putting their reputations on the line. I can only assume they haven't looked behind the curtain. These sponsors are aiding and abetting criminal activity by seeming to endorse two criminals. Want to hear a bunch of lies? Want to meet a pathological lying sociopath in person? Then come and hear Trustify's Jen Mellon lie about all kinds of things including how she retroactively founded a company (neat trick Jen Mellon). Multiple people forwarded to me the invitation pictured below. Not because they thought the meeting was worthwhile. Even  I, politically incorrect Mr. Cranky won't repeat the Samantha-Bee-Type-verbiage used in the emails making fun of this event featuring Jen...

Revisiting the Startups Turd to Gold Ratio

For startups, the Turd to Gold Ratio is a measure of quality density. It isn't enough to just judge the number of startups in an attempt to gauge the vitality of any startup ecosystem. One must separate the wheat from the chaff. Crunchbase and AngelList are simple non-prioritized, unfiltered, non-vetted lists of startups. There is no pretense of a measure of quality.  Alternatively, Technical.y DC and DC Inno are vacuous frauds pretending to analyze and report on the quality of a startup while loving everything and rarely spotting a gem. They are more heavily weighted to turds than gold...

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...