Trustify

Dis-Trustify: Is #DCTech’s Trustify Trustworthy?

  What the heck's happening at DC Tech Darling Trustify? Now Trustify, previously and more aptly named Flim Flam is run by local DC Flim Flam man Danny Boice. According to Danny, he's a Harvard man without quote marks, but Harvard would say different. You'd think a "Harvard" man would have all the right stuff to right the Flim Flam ship? Glassdoor reviews say otherwise. As our President of these here United States would say...

Dumb Money

Mr Cranky Dumb Money Venture Crapital

Dumb Money is someone willing to invest in a Venture Fund run by a Tech.co technology rag full of "journalists" who never saw a bad idea they didn't think would make a great company. I just got this email from Tech.co founder Frank Gruber: From: Frank Gruber Date: Fri, Mar 3, 2017 at 2:20 PM Subject: Re: Timely: Opportunity To Get Involved To: Glen Hellman Cc: Jen Consalvo, Jon Spinney Hi Glen, I hope you're doing well. We haven't heard from you in a bit so I wanted to circle back one last time to see if you're interested in getting involved in TechCo Ventures. The 6 companies targeted for our initial fund are: Blendoor CoSchedule Klickly Peanut Butter ProxBox ShearShare We have finalized terms and are prepared to begin the closing process. Please let us know your final indication of interest and we will send along final documents to execute. Final documents will be sent via DocuSign from Jon Spinney from Malartu (jon@malartufunds.us). So look for that coming to you soon. We look forward to having you involved and are available this weekend to answer any questions regarding the close. Thanks, Frank Frank Gruber CEO, Tech.Co Author of Startup Mixology Host of Innovate & Celebrate Conference Twitter | Facebook | LinkedIn Truthfully...

Startup Business Plan

Get Investors to Read Your Startup Business Plan

How do you get investors to read your startup business plan? Well short of walking into their offices and holding a gun on them, there's no guaranteed way to get them to read a business plan. There are however several ways to get them to not read your startup business plan and they include: Send it to investors who don't invest in your space - You're a pre-revenue media entertainment startup located in Washington DC seeking seed funding and you send the plan to a later-stage investor that doesn't focus in media and entertainment. Wrong Stage. Wrong Geography. Wrong Investor. Blind Unsolicited - Send in an unsolicited blind plan. Why waste a stamp. If you're sending in a blind, unsolicited business plan to an investor, save yourself a stamp. Just put it in an envelope, address the envelope and place it in your recycle bin. Maybe you should shred it first so no one else will find out how stupid you are. Technology - Make it all about the tech. Tell them every thing about the inner workings of your technology and ignore why anyone would want it. Use lots and lots of big words - Forget graphics, bullets and a narrative....

DC’s Boom To Bust Startup Cycle Update

Here we go again. We’ve crested the top of the latest DC Region Startup roller coaster hill and we’re now speeding towards a bottom.  Just four years ago, in 2012 there was a budding DC Startup Industrial Complex. This included multiple media outlets with hot shot reporters, there were record breaking events like the DC Tech Meetup purportedly the largest meetup of its kind in the world..if not the universe. New venture funds were forming. Every week there was a new pitch event for startups raising money and yet today we enter the third tech bubble since the dot com bust in 2001. The signs are everywhere, journalistic reporters specializing in startups like Bill Flook and Kasra Kangarloo left the Washington Business Journal and have not been replaced. Steven Overly  of the Washington post…gone and not replaced. Tech Cocktail left town. Tanya Anderson & Tech Bisnow publish no more.  In fact there are a few rags but no legitimate publishing voice left in the DC startup tech world. In 2001 this region boasted over 20 very active Beltway-based VCs  actively investing in companies across the region. Today we’re down to just a handful: New Enterprise Associates, Revolution, New Atlantic Ventures and Grotech....