The Washington Post Non-Washington Business Coverage

The Washington Post has been asleep at the wheel in terms of covering the Startup world of DC. Granted, the startup world of DC has been comatose for some time. But while there are criminals and thieves plying their craft in DC, The Washington Post, is mum. But on October 12, 2018, the Washington Post's, Antonia Noori Farzan, woke up and penned an article about a minor crook in the Washington Suburbs of Fall River, Massachusetts. A DC suburb if 353 miles and a 5 1/2 hour drive is a commute. Yes, the paper which barely covers what is happening in business in DC didn't miss an opportunity to cover the curious inconsequential case of the 23-year-old Mayor-Elect of Falls River. The article: Elected mayor at 23 in struggling Fall River, Mass., Jasiel F. Correia II had the makings of a rising star — until Thursday (see link) As the post reports, "early Thursday morning, federal agents arrested Correia on charges that he stole almost a quarter of a million dollars from seven people who had invested in his start-up." Yet when local DC-based startup Comunniclique founder Andy Powers was found guilty of bilking local investors out of over $10 million dollars (which by my...

Attention Trustify Investors

Attention Trustify Investors: I have a treat for you. Want the next best thing to audited books on your investment in Danny Boice and Jen Mellon's dumpster fire FlimFlam, doing business as Trustify. Attention Trustify Investors: Danny Boice needs you to dump more, I mean invest more of your cash in Trustify so he can maintain his lifestyle. Attention Trustify Investors: Do you have an accounting of what the assets in which you invested? Check out this rental: https://laricks.com/property/10653422 See this home? You paid for it. Your investment went in for the down payment and is paying the mortgage and now that Danny and Jen have spent the bulk of your money on houses, cars, NetJets, and a new $150K boat in July. He has to rent this out...

All Eyes on Jonathon Perrelli and Fortify

So there's this guy in town (DC) who likes to play dress up. While all the other kids were playing Cowboys and Native Americans, this guy dressed up like he was a Venture Capitalist.  I'm talking about Jonathon Perrelli and Fortify. Back in the day, he played big venture capitalist boy. Today, all the other kids are playing astronaut, but little Jon is playing big-time CEO of a hot, water-bottle startup (not hot water but a hot startup and regular water). Nine years ago, there were some people in town who gave little Jonny P, real money which he spread around DCTech like cash was apple seeds and little Jon was Jonny Appleseed. Dressed up like a VC, he indiscriminately spread the cash randomly with no thesis, strategy or plan, throwing some here and there. Ninety percent of JP's investments were or are dogs. But just like a blind squirrel...

Cockroaches and Hand Grenades

When I was a young man, my first job out of Sales and Sales Management, was National Sales Operations Manager, which basically meant I was the VP of Sales, executive assistant (National Sales Operations Manager is to the Executive Assistant to the VP of Sales as the Chief of Staff is the Executive Assistant to the CEO. Its title inflation). Now, this VP was a former senior manager at Xerox, a notorious hyper-political organization and this guy, let's call him Jeff because Jeff was and probably still is his name was a puppet master extraordinaire. He would take a circuitous path to any goal...

Trustify Missed Payroll

According to a tip, Trustify missed payroll yesterday. The few remaining employees just got stiffed. If they are surprised, well then that explains why they were employees of Trustify. They were completely blindsided. Danny Boice's personal lawyer Craig White, of the Leesburg firm of Sevila, Saunders, Huddleston & White, P.C. stopped working for Danny due to non-payment. If Danny kept paying him to intimidate and lie about his wife, Craig would still be doing it. Craig, if you're reading this you deserve to be stiffed! Today, October 2, Danny Boice will be heading to New York to try and convince the stupidest investors in the world to give him more money. Not so he can make payroll but so he can make car payments, house payments, and continue to fly on his Net Jets private jet to the Italian Riveria. It appears that Cruella Jen Mellon is washing her hair of the affair and is nowhere to be seen. Stick a fork in this Turkey...

Pulling Weeds in the DC Startup Garden

If the DC Startup ecosystem was a garden and all the startups were plant life, the good companies would be flowers, especially Urban Stems and Bloompop that happen to sell flowers. If the DC Startup ecosystem was a garden than the DC Startup Tech "Journalists" would be the farmers who shine sunlight and spread manure in our gardens. "Journalists" from Tecnical.ly DC and DCInno do a great job of spreading the crap. They indiscriminately spread life-giving nutrients to all plants be they flowers or weeds. That's great because every garden needs fertilizer. If the DC Startup ecosystem was a garden it would be a small garden and unfortunately, this garden is over-fertilized with poo and is infested with weeds. The weeds you ask? They are companies like Trustify, Chalant Health, Union, and LifeFuels, with "Venture Craptial" firms like 3Si, with false prophets like Paul Singh, Evan Burfield, Jonathon Perrelli. they are the second tier, phonies who don't even qualify to the 1st class huckster status like, Jason Feimster, Matthew Pugsley, and Janet Ridgely. To the outright abusive criminals like Andy Powers, Danny Boice, and Jen Mellon. If the DC Startup ecosystem was a garden, this garden would need a gardener willing to get his or her...