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Zag Gets Investment From USAA

socalTECH

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.

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

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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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Interview with Greg Brogger, SharesPost

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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.

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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.