Stupid Investor Definition Danny Boice

Definition of a Stupid Investor Definition is a Danny Boice Trustify Investor

Want to know the definition of a stupid investor? Anyone who invested in Danny Boice and his Dumpster Fire excuse for a company, Trustify Why? Because unless you're looking for a tax write-off, you could have gotten a better return by pouring gasoline on your cash and setting a match to it. Why? Because if you had done any cursory research, you would have found that Danny is thief and a liar. Why? Because had you handed the money to me, I would have been upfront and told you I was going to use it to fund my luxurious lifestyle instead of putting it to work for you...

Evil - Fortify.VC

Trustify Lies and Washington Business Journal Bites

Yesterday, Andy Medici and the Washington Business Journal (WBJ) lowered the bar of business journalism by continuing to just reprint a Trustify Press Release instead of performing the any research. This story legitimizes the illegitimate. It's a disgrace. In yesterday's story Titled, Private detective startup Trustify adding 184 jobs in Arlington The WBJ embarrass themselves by aiding and abetting criminals. It's not the first time they've reprinted lies. It's not the first time I've pointed that out as you can see by this post: Washington Business Journal Buys Danny Boice Lies. Let's try and make sense of the senseless by quoting the WBJ in blue and rewriting to reflect reality. WBJ: "On-demand private investigator platform Trustify is spending $1.04 million to create 184 new jobs in Arlington, according to a joint press release by the startup and Gov. Terry McAuliffe’s office." Mr Cranky: "Highly-unreliable Dumpster fire formerly and more aptly known as Trustify assert they will spend $1.04 million to create 184 new jobs. They will spend the money to hire people to take care of their children, mow their lawn, clean their house, chauffeur them around and be personal servants...

A History Of Malfeasance – Turn Of Century #DCTech Part 2

When we last left our protagonist (see part 1) he, as in me referring to myself in the 3rd person as if I'm some kind of hero, had just stepped into a pile of poo called Ikimbo. Ikimbo at one time was one of those magical acts of reverse-alchemy where mismanagement, misdirection, and misrepresentation spun gold into a pile of turds (see turd to gold ratio). The first day I went to work with the following priorities: Earn team trust and limit the loss of talent Take stock of assets and liabilities Cut burn rate As I arrived in the office for my first day as boss and went about working the list: Address the troops - "Folks, we are in a bad place...

Malfeasance - Sailboat Stuck on a Sandbar

A History Of Malfeasance – Turn of Century #DCTech Part 1

It was May, 2003. I had just finished my first "turnaround" as the President of Astracon, a Denver-Colorado/Brisbane-Australia-based company that had raised over $70 million from Cisco Systems, Geocapital Partners, The Edgewater Funds, Cross Atlantic Capital Partners and Australasian Media & Communications Fund. We sold the assets of that company with a less than stellar result. In the end, the investors realized a $2 million return on a $70 million investment. I was pretty sure that was my last "turn-around." Looking back on Astracon I'd blame the poor results on sub par execution, specifically, a lack of attention to results, an inattention to culture which resulted in division and distrust between teams, constant shifting focus, and way too much money too soon. There was no maleficence. With that behind me, I moved into the consulting phase of a Turn-Around exec. Consulting phase? One thing I learned doing turnarounds is you spend a lot of time as a "consultant." You know what a consultant is right? That's a thing you do in between jobs. So during my "consulting" time, I was lucky enough to land a non-paid, room-and-board-only, consulting gig as a crew member on Atlantica. A $1.5 million, Hinckley Southwester 42 making its way from its winter...

Jonathon Perrelli Bottle

Jonathon Perrelli Epilogue Part 3 (revised)

Prologue to the Jonathon Perrelli Epilogue Two weeks ago, I posted the first of a 3 part series Jonathon Perrelli Fortify VC Part 1 with a follow up Part 2 last week. Yup there goes Mr Cranky picking on a poor pioneer of DC's Startup Ecosystem. Not one of the people who protested about the series did so by refuting any of the facts presented in those posts. JP didn't respond to my request for information, nor did he reply in comments, except possibly under a the pseudonym "goonsquad" in the comment section of the first post. All of the folks who protested my first two blog post, protested with the same response...

Stupid Investor Definition Danny Boice

Running Total Of Danny Boice Malfecience

Danny Boice and Trustify Issues Audit Cheater - Danny Boice was fired from The College Board - according to multiple sources his transgressions included: inflated expense reports including expensed visits to strip joints (2 sources) hiring contractors that were employed by a company of Danny's at inflated prices (1 source) when he was fired from The College Board a document/manifesto was distributed to all College Board employees, documenting many of his transgressions. (1 source who is forwarding the document to me) Unemployable - Danny Boice was fired from Speek, a company he co-founded for multiple infractions but the final infraction was that Danny disappeared for several days in Las Vegas. His then wife was so worried she filed a missing persons report with the police. When he finally appeared, undamaged, he had charged $40,000 on his Speek credit card.  Speek investors lost everything on that Speek. I'm sure the Speek investors were delighted to fund Danny's lost weekend. (multiple sources although the exact number $40,000 was from one source) People Who Know Say No - Virginia CIT Gap Fund is very familiar with Danny Boice. They invested in him when they invested in Speek. Virginia CIT Gap Fund, the state of...