Trustify Banned From Doing Business in Virginia

Whoopsy Doo! Virginia knows a scam when they see one. Go to the Trustify site and ask them to do an investigation in Virginia and you know what you get?   Be careful if you're looking to invest in this dumpster fire! Danny Boice and Jen Mellon are hucksters and the regulators are starting to catch up with them. Many other states are taking this kind of action. See the Washington Business Review article on the subject here. See the why you want to stay away from this Burning Turd Dumpster Fire by linking here.  ...

3Si’s Team – The Best and The Brightest?

In a recent interview, Master Venture Capitalist and our Generation's Warren Buffett, Jason Feimster (please don't sue me Warren) described the 3Si team and I quote: “We’ve got about twenty. The majority of which are engineers, PhDs from top-tier universities and the like given, you know, that we do show preference to technology. We have a very competent and I’m very proud of our legal team. You know that does the legal due diligence and then last but not least, we focus on the financials. You know our CFO senior investment officer, etc." Let's do a little due diligence on the 3Si Team. Below is a picture of the 3Si team as it appears today. [caption id="attachment_77550" align="aligncenter" width="632"] 3Si Team[/caption] Partners Jason Feimster - Managing Partner - Yup, he appears to be the only person who actually is employed by 3Si "Hard L" Weinstock - Senior Partner - Lists 3SI on his LinkedIn profile but no one I've talked to who has had any dealings with 3Si has ever met Hard. Technology Sardar Mohazzam -Chief Technology Officer - Lives and works in Pakistan and lists 4 current jobs including 3Si Bill Sadler - Engineering Advisor - Is not an advisor, has no formal relationship...

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...

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...

Trustify High-Level Executive Turnover Screams Trouble

The Trustify High-Level Executive Turnover continues as a Senior Vice President with almost 3 years of tenor, leaves the firm. Here's an early slide adjusted to reflect turnover, used to raise money by Lying Thieving Danny Boice and Cruella Jennifer Mellon. These two Clownish Crooks are having trouble keeping the wheels on the Trustify Bus. This month, they add another Senior Vice President, Martin Garcia, to the list of potential cooperating government witnesses in an investigation into criminal activity and fraud. Take note of the Team Slide that Trustify used to raise money (see below). Due to Trustify High-Level Executive Turnover, this slide shows only three criminals left standing, Danny Boice and his wife Jennifer Mellon and one other loser. What's wrong Matt DeLeon? Matt Baby, are you as crooked as your bosses or are you just otherwise unemployable? Most of the folks who left this dumpster fire left for ethical reasons. But you're still there? Are you a crook too? When the authorities come in to bust this scam...

March Dumpster Fire Trustify Update

Things must not be going well at the old Dumpster Fire Trustify. Money must be running low. Cracks are beginning to show. For instance, Harvard Boy Danny Boice and Cruella Puppy Coat Wearing Jen Mellon didn't take their usual private jet to South by Southwest. They flew commercial with the unwashed. Well, not quite the unwashed. They didn't fly coach. The spent their investor money to upgrade to business!  It must be nice to travel in style on investor money when the company is hemorrhaging cash. It must be nice living off of investor money when you rarely show up for work and when you do morale at work is even lower than the normal low. Then there is the fact that many state regulatory agencies are cracking down on Dumpster Fire Trustify for operating without a Private Investigative license. Arizona has reportedly issued Dumpster Fire Trustify a cease and desist of order. Shutting them down in that state. In Virginia where Dumpster Fire Trustify is located, they were fined a mere $2500 for operating without a license and are now in the process of acquiring a license. Employees are leaving. Morale completely sucks and the two clowns still spend and fiddle while Rome burns. And, a little birdy tells me...

3Si Jason Feimster part 3

My 3Si introduction was in early 2017 when a friend, let's call him Joe, called me about a VC he was speaking with. I had been advising this friend for years. He's a great guy and in the last five years, he has been diligently building a great company that serves a social good. I love this guy (yes DC, Mr. Cranky doesn't hate everyone). Joe had recently pitched at a local venture capital pitch event where he met a big-time Venture Capitalist interested to invest in Joe's company. They had follow-up meetings after the event and 3Si confirmed they were hot to invest. I asked who he was speaking with at 3Si and he said, Jason Feimster. That was how Jason Feimster and 3Si first popped up on my radar screen. I told Joe I would do a little research and get back to him. I checked Angel List, checked Crunchbase, checked the 3Si website and all the data pointed to bullshit. The only portfolio company was a small company called Lifemarkers that had no investors with the exception of 3Si. The two principals of 3Si, Hard Weinstock, and Jason Feimster were the founders and management team of both Lifemarkers and...