I think that you did the right thing.
I myself would not invest money in a business venture that I know nothing about.
His background and the way he treats you makes me suspicious of him and his plan.
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Why is he so mad that i'm now being ignored?
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He is giving you
emotional blackmail. This means that if you don't do what he wants you to do, he will try to make you hurt. He hopes thereby to influence you into changing your mind.
Don't do it!
The fact that he is hurting you over this tells me that he is not safe enough, and not mature enough, to borrow money for and to go into business with. In my mind, it just confirms that you did the right thing by saying no.
Good job!
