DCA Live Red Hot Not

Last week I noticed a posting from a friend about DCA Live on Twitter. It got me thinking, which is something I try to do every 10 years or so. What the hell is a DCA Live? Here's what I saw on Twitter: Awesome event! Congrats to the nominees!! Great list of top tech cos in DC!! — Tien Wong (@tienwong) July 10, 2018 Just wondering? What qualifies as a red hot company? If I started a company, April 2015, burned through $3 million and produced no product...

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...

Render To Ceasar And Perrelli of LifeFuels

It's easy to bash someone who has spent four years and five million dollars resulting in nothing like Jonathan Perrelli of LifeFuels has done. Up until yesterday after four years of work and after spending Five Million dollars, Perrelli of Lifefuels has developed the following significant important results: Reportedly raised $5 Million Dollars A 2016 Office Envy Award from the Crack Journalists at DC Inno (link here) - Because taking investor cash and spending it on a really cool office has always been proven to deliver superior investor returns...

The TrustFuels Tesla Give-away!

For the last few years, I've been railing against the crooks, criminals, and clowns of DCTech and you know what? I think I got it wrong. I should learn from the insane clown posse that is DCTech and create my own Blue Ocean version of a Wolves of Startupland Startup. [caption id="attachment_77580" align="aligncenter" width="1024"] DC Tech Meetup[/caption] That's why I looked at two of DCTech's most "successful" startups. That is if success is to be judged by PR and income for the founders and not building a valuable company. With this in mind, I decided to create my own version of a DCTech success. First, let's look at the companies from which I modeled my new company, TrustFuels: Trustify - A company that raised $5 Million and spent approximately 30% of the money to deliver their product. The company is wildly unprofitable, hemorrhaging investor cash and yet the criminals who run the company, Cruella Jen Mellon and her husband Prison Tatted Danny Boice (Remember when he wasted investor money to sue me for telling the truth and then ran away with his tail between his stubby legs? That was fun!) live like Royalty. This company is reported nearly out of cash and needs to raise more...

Great #DCTech News for Jonathon Perrelli LifeFuels

I have fabulous news for DCTech! Just fabulous and it involves our own Jonathon Perrelli! It is what everyone in DC has been waiting for. A Tech Region defining company! We are just moments away from Jonathon Perrelli creating the DC Tech equivalent to Elon Musk's sending a Tesla to Orbit around the Sun. After nearly 4 years...

Danny Boice Worst Wolf of Startupland

Danny Boice Worst Wolf of Startupland. It's official. Danny Boice of Trustify is the 2017 Winner of  The Mr. Cranky First Annual Wolf of Startupland. Make no mistake, winner, in this case, means loser. The Academy Awards have their Oscar. The Worst Wolf of Startupland Awards has our Dookie! And the Dookie goes to Danny Boice Worst Wolf of Startupland who competed against 5 other accomplished liars, cheaters and scammers, including his wife and he easily bested them all. The Danny Boice Worst Wolf of Startuplandnominees Danny Boice - Trustify - Slimeball lying scumbag who abandoned his wife for her friend, cheated on his wife, kids, and 2 previous employers. Today he is currently cheating investors and the IRS by using investor cash to fund his lavious lifestyle of the rich and famous. Yes, Danny Boice Worst Wolf of Startupland winner! Pictured above is the cover of Danny's 2018 Christmas Cards. Best Danny Boice Article Here  Matthew Q. Pugsley - The only convicted Felon on the list, Mathew consistently stiffs vendors, attorneys, landlords and doesn't pay his alimony or child support for his 4 kids. He reportedly owes $300 thousand to a vendor who helped him develop a product and lost a $100 Thousand judgment to an investor...

Wolves of Startupland

Who Was The Worst Wolf of Startupland in 2017

Picking the Worst of the Worst Wolf of Startupland is a difficult choice but let's lay those choices out for you all and see what you think. Last year I started a series called Wolves of Startupland. The goal was to alert potential investors and employees of the possible risks of investing time, money and reputation in personality led startups. To qualify as a Wolf of Startupland one must at the very least: Have a very casual relationship with truth To repeatedly use other people's money irresponsibly To ignore the norms of corporate disclosure, transparency To have damaged investors, employees and the startup ecosystem through repeated acts of fraud or gross negligence A Wolf of Startupland is not someone who starts a company one time and through gross incompetence and/or a lack of commitment fails miserably.  By way of example, Chris MacDonald of HugeFan is a fool and not a Wolf of Startupland, the clowns at Spinnakr are incompetent wantrepeneurs and not Wolves. A true Wolf of Startupland must be a repeat offender, damage multiple people and they are likely to continue to inflict damage on the startup ecosystem. Lastly, I know many people of faith. True believers tend to be more trustworthy. People rightly assume that...