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...

Chalant Health… Another One Bites The Dust

Updated March 12, 2018: Hmmmm Chalant Health seems a little less healthy each day. I just got off the phone with Janice Riley, the Manager of Technical Innovation Center at Hagerstown Community College. Janice Riley is listed as an advisor on Chalant's Health website (as of today but probably not next week) She acknowledges that she met Matthew Pugsley, CEO of Chalant Health, but like so many of the people who were listed as executives on Pugsley's team page (see this post, there were  7 Execs listed on January 7th and there are 3 listed today), she had no idea she was an advisor. [caption id="attachment_77169" align="aligncenter" width="650"] Chalant Health Advisors as of March 7, 2018[/caption] With the exception of Matt's girlfriend and partner in crime in the scam known as Chalant Health, slimy Jan Ridgely (not to be confused with the extremely reputable Janice Riley), I assume all of the other folks listed as advisors are similar to Janice Riley...

Open Letter to Jan Ridgely, United Charitable

This is an open letter to Jan Ridgely, United Charitable. Updated February 23, 2018: Below with a new message for Jan. Jan Ridgely, United Charitable 8201 Greensboro Dr #702, Tysons, VA 22102 February 22, 2018 Dear Ms. Jan Ridgely, United Charitable, I understand that you are interested in a conversation with me regarding my blog posts about Matthew Pugsley and Chalant Health (See these posts: Chalant Health To Invest Or To Investigate, Chalant Health Leadership Turnover, Do You Know These Chalant Health People). I assume that these blog posts documenting your relationship with a fraudulent company, Chalant Health add to your mounting displeasure (see these posts: Jan Ridgely – Defender Of Matthew Pugsley And Chalant Health, Charitable? Not Jan Ridgely United Charitable CEO). I fully understand why these posts would upset you. They would upset me if they were written about me but that's because I don't associate with criminals. If they were written about me they would be falsehoods. No, Ms. Ridgely, these posts are written about you and Matthew and are factually accurate. These posts most definitely paint your friend Matthew Q. Pugsley and you Jan Ridgely, United Charitable in a bad light. I offer you this open invitation. Please respond to the portions of the posts you find offensive and inaccurate (note the...