RIP 3Si VC

Today is a sad day for DCTech. It appears that one of our most active, if the tonnage that one bullshits qualifies as active, VCs is no more. Just take a look at the website. http://www.3siholdings.com and you see a blank WIX web site. Ha Wix, the preferred site of fakers, fools, and felons. Come on Jason, WIX sites cost as much as $0...

Random Rants of a Cranky Old Fart

I have been collecting a bunch of Random Rants that don't warrant a singular blog post so I thought I'd get them all out at once.  So here we go with Random Rants of a Cranky Old Fart. The Peter Noce Affair - My Mobile Phone Rings...

Matthew Pugsley is a conman and he Strikes Again

Matthew Pugsley is a conman. Not everyone knows this about him as evidenced by a phone call I just had with a friend. This buddy, who shall remain nameless, was recently at a cocktail party where he met a guy who had no idea Matthew Pugsley is a conman. Over drinks and small talk their conversation went something like this: Sucker: "So what do you do?" Friend: "I'm a Venture Capitlist." Sucker: "Really? I just made my first venture investment." Friend: "In what company?" Sucker: "A little company called Chalant Health. I don't know much about it or how they're doing but my boss invested six figures." <Awkward Silence as Friend struggles not to lose his drink through his nose> Friend: "You know you might want to google them." Hey Sucker, let me google that for you! Try this link. See how easy that was? Do you know what you would have learned had you done that before you stroked a check? Matthew Pugsley is a conman. Let me make this perfectly clear, Pugsley ain't no businessman. Pugsley ain't no saint. Pugsley ain't no upstanding citizen. Matthew Pugsley is a conman, and Chalant Health is a house of cards. This isn't Matt's first con. This isn't Matt's first company from which he embezzled...

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...

Matthew Pugsley of Chalant Health or Hey Big Spender!

Matthew Pugsley, Chalant Health CEO needs cash. He says he needs Cash for his "startup company" called Chalant Health. Not true. It's Friday, the evening of March 2nd, Matthew Pugsley and his girlfriend, Jan Ridgely, CEO of United Charitable were out partying at JVs in Falls Church. Big spender Pugsley was having a great time. Buying the drinks for the performers, the Houk Robinson Duo. But whose money was he using? Where did a man who reportedly owes tens of thousands in back child support get the money to buy a round of drinks for anyone? Houk Robinson Duo playing at JVs in 2017 Matthew Pugsley has previously declared bankruptcy. He does not have a job. He is CEO of a pre-revenue pile of turds he calls Chalant Health. Chalant Health has no product, no employees, and no income. In the last 3 years, Pugsley has been evicted at least 5 times for not paying rent. He's delinquent on alimony and child support. He owes at least half a million dollars to people for cheating them in his prior company, US Scan. He conned a vendor into developing a product and then didn't pay him $300 thousand dollars. He took at least $200K from individuals...

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...