3Si’s Team – The Best and The Brightest?

In a recent interview, Master Venture Capitalist and our Generation's Warren Buffett, Jason Feimster (please don't sue me Warren) described the 3Si team and I quote: “We’ve got about twenty. The majority of which are engineers, PhDs from top-tier universities and the like given, you know, that we do show preference to technology. We have a very competent and I’m very proud of our legal team. You know that does the legal due diligence and then last but not least, we focus on the financials. You know our CFO senior investment officer, etc." Let's do a little due diligence on the 3Si Team. Below is a picture of the 3Si team as it appears today. [caption id="attachment_77550" align="aligncenter" width="632"] 3Si Team[/caption] Partners Jason Feimster - Managing Partner - Yup, he appears to be the only person who actually is employed by 3Si "Hard L" Weinstock - Senior Partner - Lists 3SI on his LinkedIn profile but no one I've talked to who has had any dealings with 3Si has ever met Hard. Technology Sardar Mohazzam -Chief Technology Officer - Lives and works in Pakistan and lists 4 current jobs including 3Si Bill Sadler - Engineering Advisor - Is not an advisor, has no formal relationship...

Jason Feimster How Venture Capital Works

Jason Feimster, Jason Feimster, Jason Feimster. While I so want to pick up a new topic. You keep leaving me nuggets of lunacy that I can't ignore. Now Jason, unlike you, I've never been a VC. But also unlike you, I've worked for VCs, pitched and successfully raised money from VCs and have exits that made money for VCs. So let me coach you on some VC-dom basics. There's a problem if you've never pitched a real Venture Capitalists (VC), and if you're not a real VC.  It's very difficult to pretend you're one. There is so much stuff you don't understand. Pretending to be a VC after never being a part of or ever witnessing a real Venture Capital process is difficult. It's like putting a caveman in a helicopter and expecting them to be able to pretend they can fly it. They don't even know helicopters fly. For instance: Jason Feimster, when you ask a prospective "portfolio company" founder to sign an NDA? Come on silly, Real VC's don't sign NDAs. Consultants do. Real VC's don't learn their trade watching Shark Tank. In videos of Jason (I've included a bunch herein), Jason mimicks the sharks. Maybe you'll understand this...

March Dumpster Fire Trustify Update

Things must not be going well at the old Dumpster Fire Trustify. Money must be running low. Cracks are beginning to show. For instance, Harvard Boy Danny Boice and Cruella Puppy Coat Wearing Jen Mellon didn't take their usual private jet to South by Southwest. They flew commercial with the unwashed. Well, not quite the unwashed. They didn't fly coach. The spent their investor money to upgrade to business!  It must be nice to travel in style on investor money when the company is hemorrhaging cash. It must be nice living off of investor money when you rarely show up for work and when you do morale at work is even lower than the normal low. Then there is the fact that many state regulatory agencies are cracking down on Dumpster Fire Trustify for operating without a Private Investigative license. Arizona has reportedly issued Dumpster Fire Trustify a cease and desist of order. Shutting them down in that state. In Virginia where Dumpster Fire Trustify is located, they were fined a mere $2500 for operating without a license and are now in the process of acquiring a license. Employees are leaving. Morale completely sucks and the two clowns still spend and fiddle while Rome burns. And, a little birdy tells me...

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...

Chalant Health… Another One Bites The Dust

Updated March 12, 2018: Hmmmm Chalant Health seems a little less healthy each day. I just got off the phone with Janice Riley, the Manager of Technical Innovation Center at Hagerstown Community College. Janice Riley is listed as an advisor on Chalant's Health website (as of today but probably not next week) She acknowledges that she met Matthew Pugsley, CEO of Chalant Health, but like so many of the people who were listed as executives on Pugsley's team page (see this post, there were  7 Execs listed on January 7th and there are 3 listed today), she had no idea she was an advisor. [caption id="attachment_77169" align="aligncenter" width="650"] Chalant Health Advisors as of March 7, 2018[/caption] With the exception of Matt's girlfriend and partner in crime in the scam known as Chalant Health, slimy Jan Ridgely (not to be confused with the extremely reputable Janice Riley), I assume all of the other folks listed as advisors are similar to Janice Riley...