socalTECH
FEBRUARY 5, 2009
Los Angeles-based Zag , the online car buying software firm headed by former CarsDirect CEO Scott Painter, has scored an investment from financial services firm USAA , USAA disclosed Thursday. USAA did not provide financial details behind the investment. USAA has been offering Zag's services to its members since 2007.
socalTECH
SEPTEMBER 10, 2008
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. All of the venture funders in TrueCar are investors in Zag, and amount of the investment was not disclosed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Both Sides of the Table
JULY 1, 2010
Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Investing much of new cash to build presence in Android platform. They raised around $350 million to try and sell cars direct over the Internet. Current round: $11mm Series-B led by Accel.
Both Sides of the Table
MARCH 17, 2010
LA generally doesn’t have an appetite for this kind of investment at early stages. Scott Painter , founder of CarsDirect has created two new generation LA startups (Zag and TrueCar, both backed by GRP Partners). LA investors are more pragmatic. TechCoast Angels backed GreenDot should be a major IPO this year.
socalTECH
JUNE 17, 2009
Companies we've selected are those that are the most exciting, and high profile, that people will want to invest in. We co-founded Zag together, and I was the COO of CarsDirect. One of the interesting things about the site is our investment bank style analysts reports on the site.
Both Sides of the Table
FEBRUARY 15, 2011
When you’re one fund and have $600 million to invest it’s easier to take that kind of risk. LA generally doesn’t have an appetite for this kind of ‘swing-for-the-fences’ investment at early stages – and neither does your town. There are no $600 million funds in Los Angeles.
Expert insights. Personalized for you.
100 
Let's personalize your content