Peter Noce

A History Of Malfeasance – Peter Noce

Part 4 the final episode of A History of Malfeasance - Peter Noce The first 3 parts of this story focused extensively on Ikimbo, throughout the story a shadowy figure Peter Noce keeps popping up. Ikimbo Part 1 - I replace a CEO who threatened to quit if we didn't, in his words "sell," in reality give away Ikimbo to a company DDLabs run by Peter Noce Ikimbo Part 2 - I discover an email documenting a deal where the Ikimbo CEO would get partial ownership in Peter Noce's company DDLabs if and when the DDLabs "acquired" Ikimbo. Ikimbo Part 3 - Peter Noce's, DDLabs, Ikimbo's outsourced software development company gives away Ikimbo's Intellectual Property to a competitor. Part 1 - 3 have one thing in common...

Malfeasance - Sailboat Stuck on a Sandbar

A History Of Malfeasance – Turn of Century #DCTech Part 1

It was May, 2003. I had just finished my first "turnaround" as the President of Astracon, a Denver-Colorado/Brisbane-Australia-based company that had raised over $70 million from Cisco Systems, Geocapital Partners, The Edgewater Funds, Cross Atlantic Capital Partners and Australasian Media & Communications Fund. We sold the assets of that company with a less than stellar result. In the end, the investors realized a $2 million return on a $70 million investment. I was pretty sure that was my last "turn-around." Looking back on Astracon I'd blame the poor results on sub par execution, specifically, a lack of attention to results, an inattention to culture which resulted in division and distrust between teams, constant shifting focus, and way too much money too soon. There was no maleficence. With that behind me, I moved into the consulting phase of a Turn-Around exec. Consulting phase? One thing I learned doing turnarounds is you spend a lot of time as a "consultant." You know what a consultant is right? That's a thing you do in between jobs. So during my "consulting" time, I was lucky enough to land a non-paid, room-and-board-only, consulting gig as a crew member on Atlantica. A $1.5 million, Hinckley Southwester 42 making its way from its winter...

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 a 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...

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...

Mr Cranky's Legal Defense Fund David vs Goliath

Mr Cranky’s Legal Defense Fund

Help with Mr Cranky's legal defense: If you're a reader of my blog, you know that I'm a satirist, a humorist and a snarky commentator.  If you appreciate these posts, you may be interested to know that my free speech is under attack. Yesterday I received a demand letter to cease and desist commenting on a company and it's founder. The letter demands I produce the supporting evidence that is the basis of the opinions and facts presented in a number of my blog posts and to remove and retract statements that the complaining party finds offensive. Unless I receive evidence that controverts my prior posts I have no plans to retract them and I will not be bullied into silence now or in the future. I welcome the presentation of any credible evidence that contradicts the facts as I know them. To date I have received no such evidence. If I ever do, I will gladly publish them with an apology and a retraction.   Since I have no reason to believe I have erred in my posts, I have engaged legal counsel to represent me. If you appreciate a voice that speaks out, I ask that you make a donation to my gofund.me campaign to cover...