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TrueCar Revenues Hit By Vehicle Inventory, Semiconductor Shortage

socalTECH

Los Angeles-based automotive marketplace operator TrueCar released a highlight of its results last night, saying that the firm's revenues were down 28.8% TrueCar said it had a net loss of $6.8 million compared to net income of $11.6M TrueCar said it had a net loss of $6.8 year-over-year, and 16.4%

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TrueCar's Scott Painter On Entrepreneurship And IPOs

socalTECH

One of Southern California''s big success stories -- from startup, to venture funding, and a recent IPO--is Los Angeles-based TrueCar , which had its IPO in May. But, net-net, being a public company is a threshold moment for use. What''s been the hardest part of getting TrueCar to where it is today? READ MORE>>.

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

Both Sides of the Table

Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. Many people don’t realize that the majority of the monetization of the Internet originated in Los Angeles but was perfected in Silicon Valley. LA By The Numbers.

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

I think that’s in part due to market conditions being favorable to venture capital and in part it’s due to the significant uptick in Los Angeles as a major tech hub in the US. In recent years we’ve had big wins across all of our long term partners (Yves: Envestnet), (Steven: TrueCar), (Me: Maker Studios).

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Interview with Mark Suster, GRP Partners

socalTECH

GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months. You know Zag, herein town, and more recently our new car investment, TrueCar. This morning's interview is with Mark Suster , a venture capitalist at GRP Partners (www.grpvc.com).

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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angel capital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.

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