Ram Reddy Master Criminal or Horrible Businessman?

Ram Reddy, who is this guy? When I published the post, The Startup DCTech Crime Family, I was surprised by the pushback on naming Ram Reddy the Godfather. Reddy has spent a long time creating the image of a legitimate businessman. Since that post, additional information, a civil lawsuit bolsters my suspicions. Ram Reddy categorically denies the allegations. The suit (see link Clique - Donahue v. Communiclique - Complaint) seeks actual and punitive damages and alleges constructive fraud in the inducement in the purchase and acquisition of stock in CommuniClique (dba CliqueAPI), alleging Ram Reddy and Andy Powers defrauded the plaintiff. For some inexplicable reason, the suit fails to name the company's former CFO, Tim Lee. The suit alleges that since 2006, Communiclique (DBA CliqueAPI) raised $23 million in equity through the offer and sale of stock shares to about 90 investors. The plaintiff alleges that Andy Powers, the CEO of the criminal enterprise CliqueAPI, posited that the company would end 2016 with revenue between $120 to $125 million. Powers claimed key customer wins included Uber, FedEx, Wilmer Hale, and Airbnb. Powers and by implication, Chairman of the Board member Ram Reddy and CFO Tim Lee reported 2015 revenue in excess of...

Driven Forward DCTech 2019 Gift Calendar

What's the perfect holiday gift for DCTech Startup Fans? It's the Mr Cranky, 2019 Gift Calendar! Feel free to print this out and make your own or if you prefer, you can contact me and order your officially printed version. Printed, bound and sent to your address for just $19.99. Want to order one, contact me here. Tell me how many you want and I'll be in touch. Remember, if you'd like one, contact me here!...

Executive Coaches Light Bulb Whoopass

World of #DCTech Update

Hi, #DCTech Mr. Sunshine here with a World of #DCTech Update. If you've been reading DCInno then you probably have no idea what's happening in the startup community in this town so it's time for a #DCTech update on what's really happening. Social Tables - The big news is a sweet exit for Social Tables. Congratulations Dan Berger on an exceptional job. The deal should certainly be labeled a win returning 7X to most investors. This investor is very happy. I'm sure the VCs are pleased and yet not ecstatic because the deal falls short of the 10X plus target of most investors. Yet as a #DCTech Update, this is a big win and a cash deal at that! This is a glass fully full as far as I'm concerned. Trackmaven - The Trackmaven "merger" on the other hand...

All Eyes on Jonathon Perrelli and Fortify

So there's this guy in town (DC) who likes to play dress up. While all the other kids were playing Cowboys and Native Americans, this guy dressed up like he was a Venture Capitalist.  I'm talking about Jonathon Perrelli and Fortify. Back in the day, he played big venture capitalist boy. Today, all the other kids are playing astronaut, but little Jon is playing big-time CEO of a hot, water-bottle startup (not hot water but a hot startup and regular water). Nine years ago, there were some people in town who gave little Jonny P, real money which he spread around DCTech like cash was apple seeds and little Jon was Jonny Appleseed. Dressed up like a VC, he indiscriminately spread the cash randomly with no thesis, strategy or plan, throwing some here and there. Ninety percent of JP's investments were or are dogs. But just like a blind squirrel...

Andy Powers – Friend of Danny Boice & Fellow Criminal

On March 16, 2018, the Commonwealth of Virginia's State Corporation Commision (SCC) filed against Andrew Brent Powers (AKA Andy Powers) and his company Comunniclique (DBA CliqueAPI) alleging multiple violations of the Virginia Securities Act. On July 13 of that year, the courts found Andy Powers guilty of 108 violations of the Act. Powers was also was found guilty of failing to respond to a subpoena.  That basically means he's on the run and did not appear to defend himself. Originally CliqueAPI and Powers mounted an aggressive defense and then in April, Power's Attornies, The Aegis Law Group, filed (see filing) that they were withdrawing from counsel on this case. Did Powers run out of money to pay for representation or were his attorney's alarmed that he was not acting in good faith? It seems like from that time, Andy was non-responsive to the case. According to court records, Tom Bayly, a senior investigator with the SCC, Division of Securities and Retail Franchising testified that the Division received a complaint in the fall of 2016 from the accountant of one of  CommuniClique's (AKA Clique and Clique API) investors regarding several irregularities. Subsequent investigations found that Powers was reporting to prospective and existing investors in CommuniClique, that...

The Danny Boice CollegeBoard Manifesto – @DannyBoice

Why was Danny Boice, CEO and Founder, of Trustify fired from College Board? For the same reason, he was fired from Speek, a company he c0-founded and helped tank due to his theiving. Because he's an embezzler, liar, fraud and cheat. Here is a copy of an email blast that was sent to a large mailing list of executives and employees of The College Board on February 8th, 2012. This document is just one document in a large dump of documents I received from a source. Four of my sources have validated the existence of this email. As I go through the other documents I received and verify their voracity I will publish them. The email, alleges multiple offenses perpetrated against The College Board by Danny Boice. Multiple sources have verified the email to be factual. It alleges many criminal acts of the disgraced former College Board Executive Director, Danny Boice. It also puts into question of the ownership of Speek Assets. Did the College Board own the assets of Speek? According to the document, Danny Boice's crimes include: He lied on his CV to get the job He pursued multiple outside business ventures using company assets, and on company time He charged outside...

3rd Not Quite Annual 100 #DCTech Companies I Don’t Hate

Back in April of 2014, Mr. Steven Overly, formerly of the Washington Post, presently of Politico challenged me to name 100 DC Tech companies that I did not hate.  Well, I came up with only 42. Last year, I tried it again and still couldn't come up with 100. Well this year, I'm closer. I've come up with, 78 companies I don't hate. Not being listed doesn't mean I hate your company. It only means that I don't know of or forgot to mention your company. In the interest of specificity, I've included 9 companies that  I do know of and didn't forget to list. That's the DC Tech companies I know that I don't Not Hate. The categories in this post include: The Hidden Gems - The companies that Technally DC, DCInno, Tech.co, and Nibletz have no clue exist and even armed with a GPS, seeing eye dog and sextant, they'd still never find them. The Special Gem - A special company that deserves extra attention The Realy Big Deals - The guys you build an ecosystem around The Companies I Don't Hate The Companies I Don't Not Hate The company I don't Hate or Not Hate but I know who they...