Evan Burfield – Startup America – K Street Capital Part 2

When you meet Evan Burfield, he looks you up and down and runs a quick algorithm. If the results indicate you can serve his short-term goals, you're a friend. If you have no apparent near-term value, even if you had helped him in the past, he deems you not worthy of his attention. That appears to be the formula. See a person, judge them from high to low in terms of the value they can perform in terms of his next goal. He's a brilliant analyst of short-term value and knows how to push the accelerator to get people to serve his goals. In this post, as in part 1 (seen here) and in upcoming Part 3 we follow this pattern and track the list of bodies that were pushed aside when value was extracted. Startup America - 2011 After Evan's second experience being fired by investors in the only companies he'd ever led and founded, he was once again, made available to industry. Yes sure, he'd been "promoted" to "Chairman of the Board," of Synteractive, a company that had no board supervision, but let's just say he was underemployed. In 2011, we find Evan, on the street, looking for some way to remain relevant....

Startup Funding: Who To Blame for the Lack of #DCTech Cash?

Who should we blame for the lack of startup funding in DC? Angel Investors - Let's blame the Angel Investors! Why aren't people like Mr Cranky investing in startups anymore? After all, wasn't Glen Hellman the #1 Angel Investor in the United States according to Tech Cocktail (tech.co) readers? Actually, no he wasn't and he, who is I, never was the #1 angel anywhere. He who is I, is (or am) also no longer an Angel Investor and the rest of this article describes why. Venture Capitalists - Let's blame the lack of startup funding on all the VC's who just don't "get it." Which isn't true if "it" is not understanding the value of a groovy app like Sick Weather. There is no it to get with apps like Trustify and Sick Weather.  The it that VCs do get however is the actually it that is the problem.  The it that is keeping them from actively investing in this region is that too few its have proven themselves to be worth it in DC as of late. That's why there used to be over 40 active VC's in this town and now there's only 4 or 5 or 6. The Government...

Jonathon Perrelli Bottle

Jonathon Perrelli Epilogue Part 3 (revised)

Prologue to the Jonathon Perrelli Epilogue Two weeks ago, I posted the first of a 3 part series Jonathon Perrelli Fortify VC Part 1 with a follow-up Part 2 last week. Yup, there goes Mr. Cranky picking on a poor pioneer of DC's Startup Ecosystem. Not one of the people who protested about the series did so by refuting any of the facts presented in those posts. JP didn't respond to my request for information, nor did he reply in comments, except possibly under the pseudonym "goonsquad" in the comment section of the first post. All of the folks who protested my first two blog post protested with the same response...

DC VC vs CB Insights Map

DC VC vs CB Insights – Fake News

DC VC vs CB Insights. That's today's story. Why is it that there are so few sources of real facts in the Startup World. CB Insights is a company that tries to sell and monetize data displays their total lack of understanding of data. They serve Data without Insight. Is CB Insights an arm of the Russian Government hired to distribute fake news? Data without wisdom is worthless.  Give a list of tables and data to this little monkey here and he will derive the same value from CB INsights list of Most Active VCs in Each State as a founder looking to raise money in DC. It's worthless to both. What should people do with a list that says a company that has not made a legitimate new investment in 3 years and has no office in DC or anywhere else for that matter do with this information? I guess this is the danger of small numbers...

The Fort - Jonathon Perrelli Fortify VC

Jonathon Perrelli Fortify VC Part 2

Jonathon Perrelli and Fortify VC Part 2 (see part 1) It was April 23rd and I had just posted an article about questionable startup investors titled, Pretangel Alert – Beware Fake VCs And Angels. That post was a warning for founders to be on the lookout for faux investors that pretend to be interested in investing with the true intention of garnering paid consulting engagements. In this post I non-derogatorily mentioned a couple of Investment Funds, including Fortify that were in a Zombie state...

The Fort - Jonathon Perrelli Fortify VC

Jonathon Perrelli Fortify VC Part 1

Meet Jonathon Perrelli Fortify VC I first met Jonathon Perrelli (commonly referred to as JP) in late 2011 at a Founders Institute (FI) graduation. Twelve companies graduated and pitched that day. After many of the pitches, JP provided, what seemed to me at the time, expert commentary. He was electrifying, funny, talked about all the big things he had done in the past -- his friendship with Sean Parker (as in -- you know what’s really cool, a billion dollars -- played by Justin Timberlake in the Social Network Sean Parker… that guy), his connections with 500 Startups and other big Silicon Valley icons. So I approached JP, introduced myself, and talked for a while. I was impressed. He told me about his fund, Fortify.VC and why it was like bringing Silicon Valley to DC. We both liked one of the companies that pitched, HugeFan. In my excitement to do a deal with this guy (who I mistakenly assumed was a sophisticated investor)…. I decided to place a bet on HugeFan and that I’d rely on this “professional” to do the due diligence. JP went on to invest in two of the companies presenting that day, HugeFan and Feastie.  I put $25,000...