Blog: DC Startup Scene

Often snarky, sometimes funny, thoughts and musings on Leadership, Startups, Washington DC Business and more.

Washington Post Readers Dump on LifeFuels

The Tom Heath Washington Post Article The Washington Post's Thomas Heath is a good guy. He writes puff, feel-good pieces for the Post's Business Section. He's written about a bunch of clients, a bunch of good people. He's had a miss or two, for instance when he offered positive coverage to now-bankrupt Ponzi Scheme., Trustify. A company and two founders, Danny Boice and Jennifer Mellon facing multiple fraud and embezzlement charges (BTW, The Washington Post had to close the comment section because the comments against Boice were scathing). Tom is usually a cheerleader and yet in a recent post about one of...

Communiclique’s Andy Powers Once Again Doesn’t Disappoint

(September 13, 2019) If you took the 50 to 1 Vegas odds against Andy Powers showing up in court today with his new attorney, you would have been sorely disappointed. Vegas made the right call. If you are new to this case you can catch up on what you missed here. Okay? Everyone up to speed now? You get the idea, right? Andy Powers has been trying to delay this thing and string it out...

Andy Powers’ Judge Is Not Having It

If you do a google search for the worst on-screen romantic chemistry, a few couples keep coming up. Katherine Heigl & Seth Rogen in Knocked Up Jessica Alba & Mike Myers in The Love Guru Charlize Theron & Woody Allen in Curse of the Jade Scorpion Julia Roberts & Woody Allen in Everyone Says I Love You Any Woman and Woody Allen Any Man and Woody Allen Any Human and Woody Allen Any Plant and Woody Allen Woody Allen's Hand and Woody Allen If what took place at 11 AM on September 6th, 2019, in the US Courthouse in Alexandria Virginia,...

Falfurrias Capital Partners acquires majority interest in DCTech company Industry Dive

Congratulations to the co-founders, CEO Sean Griffey (pictured above), CRO Ryan Willumson, CTO Eli Dickinson and the entire Industry Dive team, the best little company that DCInno never heard of. Industry Dive announced today that Falfurrias Capital Partners acquired a majority stake in the DC-based company. According to the company,  Industry Dive, "provides premium business news, original analysis, and other information products and services to more than 7 million executives across 19 industry verticals ranging from banking and supply chain to retail and waste." Founded 7 years ago, in 2012, Industry Dive started with a $900 thousand capital infusion by the founders and a small group...

Jennifer Mellon and Danny Boices’s Trustify Woes Add Up

Are you keeping score of Jennifer Mellon and Danny Boice's Trustify Woes? Well, I am. First, there is the bankruptcy case that alleges Jen Mellon and Danny Boice embezzled cash and defrauded investors. In this suit, Anchorage Capital who invested $6.5 million in Trustify alleges that Boice transferred $750 thousand per year into a personal account used to fund Boice and Mellon's household expenses. This was in addition to the $600 thousand a year the couple paid themselves to be officers of a money-losing dumpster fire. The suit alleges many transgressions against all the Trustify officers but specifically names Jen Mellon...

Is Jonathon Perrelli’s LifeFuels About To Become a Company?

(Updated 5:51 PM August 29, 2019) Hallelujah, Jonathon Perrelli! Yes! Yes! Yesssssssss! It's happy days for LifeFuels investors. According to an article first reported by Andy Medici in the  Washington Business Journal, Jonathon Perrelli's, LifeFuels will be shipping product at some yet to be identified mythical time in the not so distant near future like perhaps some time on some unspecified day this September...

Jen Mellon’s New House – Trustify Investor Asset Search

(Updated 3:25PM 8/06/2019) When we last left the scurrilous retroactive co-founder and former President of Trustify,  Jennifer Mellon, estranged wife of Danny Boice, she landed a cushy government job as the Confidential Assistant to FERC Chairman Neil Chatterjee. At that time she was engaging in real estate transactions that feel a lot like money laundering and fraud to me. On March 18, 2019, Mellon's soon to be ex-husband, Danny Boice transferred the title of their Sea Isle NJ, beach vacation home to Mellon for $1 dollar. That's right, you heard me...