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TrueCar Draws Honda's Ire

socalTECH

Auto maker Honda is taking direct aim at Santa Monica-based TrueCar , with threats to pull advertising allowances from dealers who list below invoice on the site, according to a report from the LA Times. In the report, the Times says that TrueCar is now on track to reach $100M in revenues this year. READ MORE>>.

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

Both Sides of the Table

The consumer product they’ve created is called TrueCar. A location based service which incorporates social and gaming elements. Company reports 250,000 users in 49 countries with 1mm+ application downloads. And it carries no inventory. If you’re an entrepreneur make sure you watch the video for that segment alone.

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Bolstering the Partner Ranks at GRP

Both Sides of the Table

He was also the first one to challenge my conventional wisdom that it made no sense for tech companies to advertise on television. We both wanted to put energy into GRP’s platform of services that provide more value to our investments than merely capital. .” He walked me through both the logic and the math.

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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 ). In New York you have access to fashion, media, art and of course, financial services. So it’s always a trade-off.

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Silicon Beach Fest Celebrates Tech Startups and Hollywood in LA | Pics, Highlights and What’s Next!

Tech Zulu Event

Panels were based at hubs including Leadership, Branding / Advertising, Social Media, Entrepreneurs, Community and more. That’s Suspicious Behavior is an app that lets you report shady activity like “Aggressive Begging,” “Creepy Person” or “Fight” in real time and share with others around you.