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NXCR, J.D. Power In Strategic Alliance

socalTECH

Scott Painter was the founder of TrueCar, CarsDirect, and Fair.com. NXCR quitely raised $30M in funding back in February. Power's data for comprehensive dataset for vehicle valuations, residual value forecasts and insights on consumer preferences and experiences, according to Painter.

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SharesPost Raising $3.3M

socalTECH

in a funding round, but appears to also have moved its headquarters to Northern California. in an equity funding round. No details on that funding have been announced by the company. No details on that funding have been announced by the company. SharesPost had originally been based in Santa Monica.

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Zag Spins Out TrueCar

socalTECH

Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. According to TrueCar, it will provide information about new car pricing, using the actual price people have paid for cars.

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Zag Adds Another AAA Group

socalTECH

Zag is headed by former CarsDirect CEO Scott Painter, and is venture backed by Anthem Venture Partners, Capital One Auto Finance, GRP Partners, Arcturus Capital, Callaway Cars and the Skoll Fund. Zag has now signed up 14 AAA motor clubs, and also provides its technology to Capital One Auto Finance, Overstock.com, and other sites.

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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. But more importantly we talked in the video about fund raising and how Scott has become so efficient at it. They raised around $350 million to try and sell cars direct over the Internet.

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Want to Start a Technology Company in LA?

Both Sides of the Table

Funding is different – In Silicon Valley you have mega venture capital funds and many of them. They not only have gotten bigger but they have an amazing track record of funding the biggest names in the sector: Cisco, Apple, Google, Facebook. As a result many funds are OK with big bets.

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Interview with Jose daVeiga, KlickSports

socalTECH

When we got funded, we worked harder to put together a product which was longer lasting, and not just a beta attempt like what we had done before. I started as a tester, but in six months, I had risen to assistant project manager at CarsDirect. We understand you've gotten some angel funding? in architectural technology.

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