Trending Sources

Zag Spins Out TrueCar

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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. All of the venture funders in TrueCar are investors in Zag, and amount of the investment was not disclosed.

Zag Raises $11.1M More

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Source and details on the funding have not yet been announced by the company. READ MORE>>.

Zag Raises Funding

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The spokesperson for Zag said that the firm is "not quite ready to make that announcement" and would not releas details until later.

Zag Raises $32.4M

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spokesperson for Zag told socalTECH that a round had closed, but would not confirm the investors or details of the round. READ MORE>>.

TrueCar.com, Zag Sponsor Pebble Beach Concours d'Elegance

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Santa Monica-based firms TrueCar.com and Zag announced last night that the two companies are becoming official sponsors of the 2010 Pebble Beach Concours d'Elegance. According to TrueCar and Zag, the three-year agreement includes a deal for Motor Trend Radio to broadcast and record its coverage from the TrueCar.com suite.

Want to Start a Technology Company in LA?

Both Sides of the Table

But we have a great city for building technology companies. If you decide to build a company in LA, here’s what you need to know: 1.

Getting Started with a Two-Sided Market Business

SoCal CTO

In fact, if you do both, it’s called a Zig-Zag strategy. And to get growth you need some level of efficient conversion. How long? B. Who pays?

SharesPost Pays Fines To SEC

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SharesPost , the online marketplace for private company stock, along with CEO Greg Brogger, are paying fines in the firm's trading of private company shares, the SEC said Wednesday. The SEC announced the action as part of a larger enforcement effort over firms trading private company shares without proper clearances from the SEC.

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What Mattered in 2010: Greg Martin, Archer Venture Capital

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These companies have all experienced growth and we're expecting substantial value creation in 2011. 2010 was a momentus year for me personally.

SharesPost: Sales In Escrow, New Research

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Santa Monica-based SharesPost , which has created on online marketplace for sellers and buyers of private company stock, reported to its users late Friday that the firm now has sales of LinkedIn, Linden Lab, Tesla Motors, and SugarCRM going into escrow. READ MORE>>.

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

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Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.

TrueCar Launches Mobile Site

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According to the company, the new site runs on Apple iPhone, BlackBerry, and other web-enabled mobile devices. TrueCar is a spinout of Zag Automotive, which is also run by Painter. Los Angeles-based TrueCar , the online car pricing site run by Scott Painter, said today that it has launched a mobile version of its site. READ MORE>>.

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. This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc. You can go to the Hot List post to see what was hot then. Here's the rest. Here’s how to do it.

TrueCar Hires Away Edmunds Evangelist

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Santa Monica-based TrueCar , the automotive pricing spinout of Zag Automotive, annoucned today that it has hired the Chief Evangelist from Edmunds. Toprak spent nine years at Edmunds, in addition to earlier experience at automotive franchises. READ MORE>>.

Getting Started with a Two-Sided Market Business

SoCal CTO

In fact, if you do both, it’s called a Zig-Zag strategy. And to get growth you need some level of efficient conversion. How long? B. Who pays?

SharesPost Launches Private Equity Marketplace

socalTECH

According to the firm, it will allow buyers and sellers of privately held companies to sell and buy shares in privately held firms, through secondary market transactions. Among features of the site are private company research, escrow serviecs, and electronic signatures. READ MORE>>.

SharesPost Ties With Advanced Equities

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Santa Monica-based SharesPost.com , which recently launched a marketplace for private company shares, said Wednesday that the firm has inked a deal with Advanced Equities. SharesPost is the most visible startup so far out of BrightHouse, the business incubator founded by Greg Brogger and Scott Painter, who are also behind Zag Automotive.

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Interview with Mark Suster, GRP Partners

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The company was founded by the head of the North America investments for Carrefour, the second largest retailer in the world, the head of the retail banking practice at DLJ, the investment bank. The new fund is focused entirely on technology companies. Those companies are doing phenomenally well, and in a normal market was IPO.

TrueCar Taps Edmunds.com For VP

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The company said Cleckler will work on aiding in development of car pricing tools on the site. TrueCar is a car pricing site which was spun out of automotive software firm Zag; the firm is venture backed by Anthem Venture Partners, Global Retail Partners, and Capricorn. Cleckler has also served at Stamps.com. READ MORE>>.

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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 all of this increased company creation has to go somewhere.

Interview with Greg Brogger, SharesPost

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Yesterday, Santa Monica-based SharesPost (www.sharespost.com) launched a new service of particular interest to the venture capital and high tech startup market, a new, online service which facilitates the buying and selling of private company stock. They've built successful companies, but looking at the IPO market they're essentially stuck.

TrueCar Launches New Pricing Tool

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The company said the new Best Local Deals feature was specifically launched ahead of Labor Day, which is traditionally one of the largest volume car sales weekends during the year. TrueCar said that it has launched a Best Local Price tool, which will allow car shoppers to search for the best local deals on a vehicle. READ MORE>>.

Israeli Tech Firms Eye Southern California

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However, how much of a link do Israeli technology companies see with Southern California's technology industry? It will remain to be seen if local entrepreneurs from such firms as Zag, Docstoc, and others will open up more links between high tech firms and entrepreneurs in Israel and Southern California.

SoCal Investments Totals Around $700M In Q1

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socalTECH tracks day-to-day venture capital activity in the Southern California region, and uses venture data disclosed by companies announcing funding; self-reported by both technology companies and venture firms; as well as regulatory filings and other sources. billion in funding. Among the top deals for the quarter were an $86.6M

The Complete Guide To Southern California Accelerators and Incubators, Part II

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We've defined this as an incubator or investor which creates companies--usually, from in-house efforts, but sometimes in partnership with external entrepreneurs--and invests in them and often provides resources, offices, and more to get those companies off the group. Representative companies: MeUndies, Eventup. Idealab.