Bullshit – Jason Calacanis Angel University

It's difficult to make money in Angel Investing. Most Angels lose money. For people who want to spend money to learn how to lose money, there is Jason Calacanis Angel University. Because if you're willing to flush cash down a toilet, why not flush some of that cash down the Jason Calacanis Angel University toilet. Wait just one cotton-picking minute Glenbo, you Cranky old fart...

Anchorage Capital Committed Fiduciary Malfeasance

A private equity company called Anchorage Capital is suing Trustify. They think they were cheated. To my eye, it appears that Anchorage CEO, Lance Ulrich, and junior, master of the universe wannabe, Adam Besvinick cheated Anchorage's limited partners. Anchorage Capital Committed Fiduciary Malfeasance when they invested in a steaming turd called Trustify. If you are a limited partner invested in Anchorage Capital, this tale might just give you pause. In May 2017, Anchorage Capital invested slightly over $4.7 million in the A-round of a little DC-based company called Trustify. Trustify raised just under $7 million in their prior two seed rounds, $1.9 million on October 30, 2015, and $5 million in a second seed round on October 30, 2015. The terms of the A-round bogle the mind. Sources say that a rookie VC, Adam Besnivick, shepherded the deal for Anchorage. Rookie-hood can be the only excuse for the unforced errors of that investment. Let us take stock of all the mistakes made by Anchorage and all the red flags they ignored. Lead Investor Malfeasance - At $4.7 million of a $7 million round. You would think that anyone making such a relative sizeable investment in the first institutional round of a company would...

When You Block Me…

Devin Nunes, a congressman is suing Twitter and two twitter characters named @DevinNuneMom (suspended) and @DevinCow for defamation and seeking $250 million in damages. Is that what you call a snowflake (help out Deven's Cow and donate)? I talked to my attorney last night. The lawsuit can be expensive, but I’m determined to fight it. Devin should not be allowed to stop free speech. Can you please help me? Thank you 💗🐮 https://t.co/I9Ko944Ptr — Devin Nunes’ cow (@DevinCow) March 28, 2019 Why doesn't he just block them? I don't block people on Twitter...

Trustify – The Fat Lady Sings

It ain't over until the fat lady sings. In the case of Trustify, the fat lady sings. She's singing loud and clear. With the Danny Boice, Jen Mellon nuptials (look it up in the dictionary, pretend Harvard boy Boice) in shambles, the company being sued by a long line of creditors so long that many people are asking the courts to start a Disney World Fastpass-like service. As I reported earlier in the week, Boice is contacting anyone with an email address and asking if they want to buy $1 million of his personal worthless shares in a worthless company for $1.50 per share. Basically he's asking, "who wants to buy -$5.00 shares for $1.50. Nobody...