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

Both Sides of the Table

Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Company reports 250,000 users in 49 countries with 1mm+ application downloads. Investing much of new cash to build presence in Android platform. Competitors: Skype.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

There is no region in the country that comes close to having the sheer number of angels & VCs that Silicon Valley has as well as the dollars that flow into the region (40% of all dollars, PwC Moneytree report ). When you’re one fund and have $600 million to invest it’s easier to take that kind of risk.