Remove Anthem Remove Company Remove Invest Remove Pricing
article thumbnail

TrueCar Prices IPO

socalTECH

Santa Monica-based TrueCar has priced its IPO, saying last night that it will sell 7.8 The pricing was below the company''s earlier, estimated IPO range of $12.00 The company raised around $71.1M The company offers up online pricing of news cars as well as powers affiliate car buying programs. READ MORE>>.

Truecar 147
article thumbnail

Zag Links With USAA, Mercedes-Benz On Promotion

socalTECH

Santa Monica-based Zag.com , the online automotive buying firm headed by Scott Painter, announced Thursday that the company has reached an agreement with Mercedes-Benz USA to offer an additional $5000 off pricing of new Mercedes-Benz cars to members of USAA, one of the affinity groups using Zag's auto pricing and purchasing services.

Zag 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Zag Spins Out TrueCar

socalTECH

Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. According to TrueCar, it will provide information about new car pricing, using the actual price people have paid for cars.

Zag 133
article thumbnail

Interview with Todd Jerry, Marmol Radziner

socalTECH

Many local entrepreneurs might know Todd Jerry , formerly a venture capitalist at Anthem Venture Partners. Todd has a unique view, having worked both on the venture and high technology investing side at Anthem, as well as the architecture and construction industry now. First, explain what your company is all about?

article thumbnail

This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

And the broader question of whether VC’s will continue to invest in the Twitter ecosystem. Current round: $3mm in Series B by betaworks (lead)(largest investor in company), Ron Conway, Danny Rimer, Accelerator Group, Roger Ehrenberg, Howard Lindzon. Company still in beta. Estimated 15mm downloads to date. They sponsor TWiVC.

article thumbnail

This Week in VC with Om Malik & Paul Jozefak

Both Sides of the Table

Venture Capital funds: the different between “closed funds&# (which typically have a 10-year time horizon) and “evergreen funds&# which re-invest profits back into the fund. An investment doesn’t guarantee your product will suddenly be on the investor’s price sheet. DST invested $180mm last fall.

article thumbnail

This Week in Venture Capital – Episode 2

Both Sides of the Table

It was the first company to do “paid search&# back when Larry & Sergey were saying they would never do it. He’s behind IdeaLab and has created many interesting companies including innovating in solar energy ( eSolar ) and electric cars ( Aptera ). 2.6mm in Series A : Canaan , Anthem. Overture sold for $1.6