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TrueCar Scoops Up $30M From Vulcan Capital

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Santa Monica-based online car buying technology provider TrueCar said this morning that it has raised $30M in a new round of funding, from Vulcan Capital, the venture funding arm of Microsoft co-founder Paul Allen. TrueCar said the new funds will go towards market expansion, product development, and to build its brand.

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

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” It’s the most common refrain I hear from investors and even entrepreneurs these days. I think there is also no denying the role that Richard Rosenblatt has played in building the LA tech ecosystem and spawning great entrepreneurs who followed in his footsteps. “There’s something going on in LA.”

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

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He didn’t tell it in the video but, ever the entrepreneur, Scott started a business to take couples up on a “mile high club&# flight on airplanes as a way of getting all of his miles logged to get his next class of airplane license that required a certain number of hours logged. It’s part of what makes him so likable.

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Fair Raises Nearly $1 Billion In Strategic Funding Round

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Los Angeles-based Fair , the automotive startup led by serial entrepreneur Scott Painter, has raised nearly $1 billion in a strategic funding, led by BMW i Ventures, along with Penske Automotive Group, Sherpa Capital, and others. The funding also included other, un-named strategic investors.

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LA Group Launches Effort To Promote Technology Corridor In Los Angeles

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What's the best way to encourage development of the technology industry in Los Angeles? Fellowship Program to connect the city's many new graduates with local businesses and entrepreneurs, and new efforts to help entrepreneurs find resources like accelerators, commercial real estate, and more.

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Beware of Ballers on a Budget

Both Sides of the Table

I researched the pricing of the car at TrueCar – not because we’re an investor – but because it gives you complete price transparency over what other people in your area paid for a car. I never lived beyond my means and it’s always a warning sign for me when evaluating companies and entrepreneurs. Hard work.

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Los Angeles Fast 500 Winners Announced

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The highest ranking firms on the overall Technology Fast 500 from the area were Santa Barbara-based FastSpring , a developer of software e-commerce tools headed by Dan Engel , which was ranked at number 13 nationally with 17,468% revenue growth from 2006 to 2010.