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TrueCar Prices IPO

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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 offers up online pricing of news cars as well as powers affiliate car buying programs. truecar true buying service scott painter' READ MORE>>.

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Zag Links With USAA, Mercedes-Benz On Promotion

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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.

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Zag: 50,000 Cars Sold

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The firm, which develops technology that allows consumers to fully configure and price autos from affinity groups like credit unions, AAAs, and other groups, claimed that the firm has saved its buyers over $83.5M Zag has received funding from USAA, Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners.

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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. Mobile gifting service. Current round: $3.35mm in Series A by TomorrowVentures (Eric Schmidt’s personal investment vehicle), Saban Ventures, Founder Collective, SK Telecom Ventures. Estimated 15mm downloads to date. Company still in beta.

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Interview with Todd Jerry, Marmol Radziner

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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?

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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.

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Interview with Ramit Varma, Revolution Prep

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Using that, and a partnership model where we go into schools and partner with them to provide SAT and ACT service, we've been able to build up a private tutoring service from basically nothing. We wanted to be able to invest in our software and our learning tools. So, we're pretty connected with the community.