socalTECH
MARCH 3, 2011
In the latest makeover of one of the original, Web-based automotive sites, Los Angeles-based CarsDirect has updated its website. CarsDirect is owned by Internet Brands, which recently went private in an acquisition by Hellman & Friedman. READ MORE>>.
socalTECH
SEPTEMBER 20, 2010
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. Tags: internet brands growth merger acquisition private. READ MORE>>.
Both Sides of the Table
JULY 1, 2010
Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Rumored to have turned down acquisition offers from Yahoo and Facebook. They raised around $350 million to try and sell cars direct over the Internet. Foursquare. -A Competitors: Gowalla.
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