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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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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.

Company 290
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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. Company plans to use the capital to build out sales and marketing and r&d.

Zag 248
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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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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

I’ve heard it many founders of VC backed companies in LA who tell me that in their NorCal VC meetings they are told, “we might be interested but we’d want you to relocate to the Bay Area if we funded you.&#. Funding is different outside of Silicon Valley. As a result many funds are OK with big bets.