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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

The firm was originally known as CarsDirect, the automotive buying site of Idealab, and was headed by Scott Painter--who is now head of both Zag Automotive and TrueCar. The firm changed its name to Internet Brands in June of 2005, and hit the markets with its IPO in November of 2007. READ MORE>>.

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NextCar, Led By Scott Painter, Gears Up For Launch With Exec Team

socalTECH

The company named Jim Nguyen (co-foudner of TrueCar) as its President and Chief Operating Officer; Kash Sheikh (family office, private equity) as Chief Financial Officer; Joseph Chang (Houlihan Lokey) as Chief Revenue Officer; Lucas Donat (TrueCar) as Chief Marketing Officer; Matthew Cacciola (Fair, TBW Media Arts Lab) as Chief Design Officer; Chris (..)

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Sponsor post: Discount to tomorrow's DFR, and win a ticket to digiday:APPS

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Join us as we kick off the holiday season in grand style and bestow the Digital Family Outstanding Achievement Honor on Scott Painter, Founder of CarsDirect and Entrepreneur. Tell a friend, and purchase your ticket at www.digitalfamilyinc.com. Use discount code: DFR30 to receive $30 price. Win a ticket to digiday:APPS.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Competitors: Google (Invite Media) , MediaMath , X+1. They raised around $350 million to try and sell cars direct over the Internet. Total raised: $6.0mm. See: TechCrunch.

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Want to Start a Technology Company in LA?

Both Sides of the Table

And we’re left with a city with idyllic weather, major commerce, the media center of the world, and a great emerging technology scene. Scott Painter , founder of CarsDirect has created two new generation LA startups (Zag and TrueCar, both backed by GRP Partners). Los Angeles. People either love it our hate it.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

In my LA I often see computer screens open with entrepreneurs talking about digital media. I don’t see this changing much like I don’t see you building blockbuster movies outside LA or shift the media buying center of gravity out of NY. In New York you have access to fashion, media, art and of course, financial services.