3Si Phony VC

Everyone Who Knows Anything, Knows 3Si Phony VC is a Sham. Well, everyone except the local tech rags. With them, when it comes to that "knowing" thing, there appears to be a problem. These Tech "journalists" either don't know much or don't care about sharing letting what they know to get in the way of a story on deadline. The problem in DC is that too many of the "journalists" at rags like Technically DC and DCInno simply reprint bullshit without doing research. So when they post an article like this one, "WeWork’s veterans-in-residence program expands to DC," by Technically DC or this one, "The 10 Entrepreneurs in WeWork’s First D.C. Veterans in Residence Program," by DCInno the damage the very ecosystem of which they claim to be supporters. I reached out to one, count them, one, of the listed "Team Members" on the 3Si Web Page to ask about his relationship with 3Si. His response, "I Read your 3Si expo. I’m unfortunately linked with them and can’t seem to distance myself. One of the comments you posted came from my client. I Also have a second client that 3Si attempted to screw." I'm no journalist, yet, in doing a modest amount of research I...

Trustify High-Level Executive Turnover Screams Trouble

The Trustify High-Level Executive Turnover continues as a Senior Vice President with almost 3 years of tenor, leaves the firm. Here's an early slide adjusted to reflect turnover, used to raise money by Lying Thieving Danny Boice and Cruella Jennifer Mellon. These two Clownish Crooks are having trouble keeping the wheels on the Trustify Bus. This month, they add another Senior Vice President, Martin Garcia, to the list of potential cooperating government witnesses in an investigation into criminal activity and fraud. Take note of the Team Slide that Trustify used to raise money (see below). Due to Trustify High-Level Executive Turnover, this slide shows only three criminals left standing, Danny Boice and his wife Jennifer Mellon and one other loser. What's wrong Matt DeLeon? Matt Baby, are you as crooked as your bosses or are you just otherwise unemployable? Most of the folks who left this dumpster fire left for ethical reasons. But you're still there? Are you a crook too? When the authorities come in to bust this scam...

3Si Jason Feimster part 3

My 3Si introduction was in early 2017 when a friend, let's call him Joe, called me about a VC he was speaking with. I had been advising this friend for years. He's a great guy and in the last five years, he has been diligently building a great company that serves a social good. I love this guy (yes DC, Mr. Cranky doesn't hate everyone). Joe had recently pitched at a local venture capital pitch event where he met a big-time Venture Capitalist interested to invest in Joe's company. They had follow-up meetings after the event and 3Si confirmed they were hot to invest. I asked who he was speaking with at 3Si and he said, Jason Feimster. That was how Jason Feimster and 3Si first popped up on my radar screen. I told Joe I would do a little research and get back to him. I checked Angel List, checked Crunchbase, checked the 3Si website and all the data pointed to bullshit. The only portfolio company was a small company called Lifemarkers that had no investors with the exception of 3Si. The two principals of 3Si, Hard Weinstock, and Jason Feimster were the founders and management team of both Lifemarkers and...

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...

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...

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...