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Zag Raises $11.1M More

socalTECH

Santa Monica-based Zag , the online auto buying software firm headed by Scott Painter, has raised $11.1M Zag is developing auto buying and configuration software used by groups such as the AAA, USAA, Overstock.com, and other groups to provide their members with pre-negotiated fleet and group rates on new automobiles. READ MORE>>.

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Zag: 100,000 Cars Sold, Profitable

socalTECH

Santa Monica-based Zag , which develops online car buying software, announced Monday that it has hit the 100,000 cars sold mark on its service. Zag, which also says it reached profitability in August 2009, said consumers saved over $350M over MSRP by using its programs. in venture funding. READ MORE>>.

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Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. Top for January 16, 2009 - January 31, 2009 Posts Are You Selling Online Yet? This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc.

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TrueCar Settles With Edmunds.com Over Trademark

socalTECH

According to the documents, Edmunds.com had sued TrueCar on December 15, 2009, in the California Central District Court, alleging trademark infringement by TrueCar. Financial terms of the settlement--which was filed Thursday with the court--were not disclosed.

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What Mattered in 2010: Greg Martin, Archer Venture Capital

socalTECH

Coming off a very successful exit with Networks in Motion at the end of 2009, 2010 has been a very exciting year for several of my companies, Socialvibe, 2tor, Leadpoint, Webvisible and Impact Radius. At Archer we are focused on working with southern California's best entrepreneurs at the earliest stages to build disruptive new businesses.

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What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

It’s really hard to zig when the whole world seems to be zagging. But I’ll judge the angel class of 2009/2010 on a 7-10 year time horizon. in 2009 the market was completely constipated as investors focused on triage. I was very active in 2009 / early 2010. It has always stood with me.

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Want to Start a Technology Company in LA?

Both Sides of the Table

First, I’d like to quote (paraphrase) Brad Feld speaking at Twiistup in LA in 2009, “I keep hearing people in LA talking with a chip on their shoulders about building a tech business here relative to Silicon Valley. I have one message for you, ‘get over it! Frank Addante has created Rubicon Project.

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