socalTECH

JULY 13, 2009

Santa Monica-based SharesPost , which has created on online marketplace for sellers and buyers of private company stock, reported to its users late Friday that the firm now has sales of LinkedIn, Linden Lab, Tesla Motors, and SugarCRM going into escrow. READ MORE>>.

Research 100

Research Sales Web 2.0 CarsDirect 100

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. The amount of the investment had earlier been reported at $32.4M, however, Zag has not confirmed that investment amount. READ MORE>>.

Zag 100

Zag Invest CarsDirect Venture Capital 100

socalTECH

JULY 7, 2009

Santa Monica-based Zag.com , the online automobile buying service headed by Scott Painter, is reporting today that it had what is calls its "strongest sales so far this year" in June. Painter was previously CEO of CarsDirect, and is now involved with such firms as TrueCar and SharesPost. READ MORE>>.

Zag 100

Zag Sales CarsDirect Tech Coast Angels 100

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. Company reports 250,000 users in 49 countries with 1mm+ application downloads. They raised around $350 million to try and sell cars direct over the Internet. Competitors: Skype.

Zag 248

Zag Truecar Venture Capital CarsDirect 248

socalTECH

JUNE 17, 2009

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. For example, if you check out Tesla Motors, you can download a 45 page report, to really analyze the company's value.

Startup 124

Startup Zag Venture Capital Equity 124

Both Sides of the Table

FEBRUARY 15, 2011

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 ). Scott Painter , founder of CarsDirect has created TrueCar (backed by GRP Partners). Brett Brewer has AdKnowledge.

Venture Capital 313

Venture Capital Southern California Google Startup 313