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TrueCar Dealer Sales Pass 700,000 Vehicles

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In a sign of how large of an effect Santa Monica-based TrueCar has had on the automotive industry, the company said Tuesday afternoon that its dealer partners have just surpassed 700,000 new and used vehicles sold using its sites. TrueCar's data from those purchasing programs fuel the data it uses on its consumer facing website.

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LA Mixers Co-Founder Michael Pilla Dies

socalTECH

Pilla was extremely active in the Los Angeles technology world, and was most recently Senior Counsel to TikTok (ByteDance). Pilla's clients had included such companies as TrueCar, CitySearch (IAC), and other local technology startups. Pilla was 58. A cause of death was not given.

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Here's Who Is Funding Companies In Southern California Today

socalTECH

Here are the venture firms who have been most active in SoCal (Santa Babrara - Los Angeles - Orange County - San Diego) in the last twelve months, based on the number of deals: 1. Local exits: TrueCar, Gravity, Maker Studios. However, for members of socaltech.com, it's a click away with our real time analysis of venture funding flows.

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Tech Coast Angels: We Have Higher Returns Than Angel Averages

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The TCA said, if a TCA member had participated in all of its 305 investments, with a $25,000 investment in each of the companies in those investments (a total investment of $7.7M), that member would have received $12M in cash liquidity, have taken $2M in tax deductible write-downs, and still have $4.1M in active investments.

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Fair.com Acquires Uber's Leasing Portfolio

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Fair said it will acquire the active lease portfolio of Uber's subsidiary, Xchange Leasing, and will become the exclusive long-term vehicle solutions partner to Uber in the U.S. The company said that Fair is acquiring Uber's lease portfolio using both equity and debt funding, which was secured in Fair's recent funding round.

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LA Group Launches Effort To Promote Technology Corridor In Los Angeles

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The Los Angeles Mayor's Council on Innovation and Industry (LAMCII) has been meeting since March, to help identify the top issues facing growth companies in the region, and to propose activity to spur additional entrepreneurial activity and innovation, according to the group.

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Reflections on 2019: Kelly Perdew, Moonshots Capital

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What was the biggest news for you/your company this year? We have invested in 13 companies out of our Fund 1 so far and are more bullish than ever on the amazing entrepreneurs we are meeting and the companies we are helping them build. A few of our portfolio companies are using AI (i.e.

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