socalTECH

OCTOBER 23, 2017

Los Angeles-based Fair , the automotive startup led by serial entrepreneur Scott Painter, has raised nearly $1 billion in a strategic funding, led by BMW i Ventures, along with Penske Automotive Group, Sherpa Capital, and others. The funding also included other, un-named strategic investors.

Truecar 100

Truecar Funding Los Angeles Capital 100

Both Sides of the Table

MARCH 17, 2010

I was recently interviewed for an article that appeared in Fast Company titled, “ Why you should start a business in LA.&# If you’re interested in the topic it’s worth a read, but I thought I’d elaborate on the topic since it comes up all the time. But we have a great city for building technology companies.

Company 290

Company Companies Technology Startup 290

socalTECH

SEPTEMBER 19, 2017

Fair (www.fair.com), the latest startup by serial entrepreneur Scott Painter , does just that, letting users shop for a car, get approved, and pay for a car through a month-to-month payment--with no long term committment. What lessons did you learn from TrueCar, which are you are applying here? What is Fair all about?

Startup 124

Startup Truecar Pricing Entrepreneur 124

Both Sides of the Table

FEBRUARY 9, 2013

I researched the pricing of the car at TrueCar – not because we’re an investor – but because it gives you complete price transparency over what other people in your area paid for a car. It’s taking company resources – usually funded by angels or VCs – for personal gain. As many air bags as possible.

Conference 398

Conference Technical Review Truecar Software Review 398

socalTECH

DECEMBER 12, 2012

The Los Angeles Mayor's Council on Innovation and Industry (LAMCII) has been meeting since March, to help identify the top issues facing growth companies in the region, and to propose activity to spur additional entrepreneurial activity and innovation, according to the group.

Los Angeles 242

Los Angeles Technology Culver City Angel 242

socalTECH

OCTOBER 19, 2011

The Los Angeles winners of the Deloitte Fast 500 ranking of fastest growing companies was announced last night at an event at Santa Monica's Shutters on the Beach, with 26 companies recognized in the overall 2011 Technology Fast 500, and three "Technology Rising Stars" recognized in the Los Angeles area.

Los Angeles 263

Los Angeles Marina Del Rey Woodland Hills Angel 263

socalTECH

DECEMBER 23, 2019

Every year, at the end of the year, we share some reflections on the past year from our readers, entrepreneurs, venture capitalists, sponsors, and others in the local technology community. What was the biggest news for you/your company this year? What was the biggest news for you/your company this year?

Capital 100

Capital Technical Review Truecar Venture Capital 100

socalTECH

SEPTEMBER 19, 2014

We''re doing that again this year, with the thought to highlight some of the people (not companies) here who are worth watching, wherever they are and whatever they are doing. Brian Lee also gets double credit, with another of list companies--The Honest Company--recently raising $70M in funding.

SoCalTech 166

SoCalTech Acquisition Truecar Southern California 166

socalTECH

FEBRUARY 10, 2012

which programs are--and aren't--worth looking at has become very difficult, if not impossible, for startup entrepreneurs. Representative companies: Energy Innovations, UberMedia, eSolar, X1, PerfectMarket, TripTrotting, HitPad, Mingly. Representative companies: MeUndies, Eventup. ideas, as well as funds external companies.

Southern California 145

Southern California Incubator Guide Truecar 145

socalTECH

NOVEMBER 19, 2013

event socaltech50 awards entrepreneur entrepreneurship feature dfr2013' There are also many movers and shakers here in the industry -- Jason Nazar at.

Southern California 279

Southern California SoCalTech Dollar Shave Club Santa Monica 279

socalTECH

DECEMBER 31, 2018

Editor's note: As we head into the new year, we've been featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. fact, turns out it is much, much harder than raising money for an early stage company. in 50+ companies through his angel and syndicate deals.

Capital 113

Capital Venture Capital News Patents 113

socalTECH

DECEMBER 22, 2010

We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to hear what they're thinking about, and are sharing it here over the next two weeks. Yesterday, we heard from Scott Painter of TrueCar. Today, we spoke with Mark Suster , a venture capitalist at GRP Partners.

GRP Partners 170

GRP Partners Southern California Technical Review High Tech 170

Both Sides of the Table

DECEMBER 16, 2014

In case you didn’t know, many VCs target a 3-year investment horizon for a fund and after that the fund mostly does only follow-on investments in companies in that portfolio. As I like to say when asked, “For entrepreneurs you generally need to go to 2-3 cities max and probably pitch 5-15 investors. Insurance Companies.

Venture Capital 396

Venture Capital Funding Technical Review Startup 396

Both Sides of the Table

NOVEMBER 8, 2011

It’s even more exciting when you can report an exit of a company that is a major win. HealthDataInsights (HDI) is a company that helps to recover money for the government or private insurers who have been incorrectly billed or fraudulently charged. 9 companies out of 33 drove our largest returns. Solving bigger problems.

GRP Partners 285

GRP Partners Technical Review Truecar Invest 285

Xconomy

JUNE 16, 2016

Put a half-dozen entry-level tech entrepreneurs together anywhere outside of the Bay Area, and it won’t take long before they start listing the local market deficiencies. It is the key advantage that enables startups to overcome incumbent companies, Suster said. What does it take to build a startup in today’s market?

Venture Capital 49

Venture Capital San Diego Truecar Web 49

Both Sides of the Table

JUNE 8, 2014

Not all of these products & companies came from Silicon Valley but the overwhelming majority did. Open source computing, which reduced costs to start a company by 90%. To be clear we will continue to see great infrastructure companies built and these will mostly come from Silicon Valley. All great communication companies.

Startup 390

Startup Venture Capital Capital Funding 390

Tech Zulu Event

NOVEMBER 14, 2014

For those who may be unfamiliar Techweek hosts a 7-day series of events with a 2-day technology conference and expo to bring together a mixture of entrepreneurs, visionaries, and thought leaders. SCOTT PAINTERCEO, TrueCar. It’s like a bar crawl but featuring tech companies instead of bars! CHRIS DEWOLFECEO, SGN.

Santa Monica 92

Santa Monica Commerce Conference Truecar 92

Both Sides of the Table

MARCH 12, 2013

He shared tons of information about how how they were using marketing to quantitatively make marketing decisions at HauteLook and acquire customers for prices that were far cheaper than similar companies. He was also the first one to challenge my conventional wisdom that it made no sense for tech companies to advertise on television.

Venture Capital 360

Venture Capital GRP Partners Startup Invest 360

socalTECH

NOVEMBER 7, 2011

But, I think it's because I have known all of these car companies for seventeen years. We basically got venture capital money, without having to give away any of the company. My partner and I might have to put another $5,000 or $10,000 into the company to get us through, but I believe this will carry us through.

Truecar 204

Truecar Writing Edmunds Sites 204

Both Sides of the Table

FEBRUARY 15, 2011

We were talking about a company, Factual (disclosure my firm is an investor), which was founded by one of LA’s most talented Internet entrepreneurs, Gil Elbaz , who as co-founder of Applied Semantics (purchased by pre-IPO Google for $102 million and now Google AdSense) is responsible for a large portion of the Internet’s monetization.

Venture Capital 313

Venture Capital Southern California Google Startup 313

Both Sides of the Table

FEBRUARY 7, 2014

Between 1995-2002 I visited often – especially since I founded my first company there. Paddy Cosgrave was a young entrepreneur in Dublin and a couple of years after the crash was talking with a mate of his who had a brand new hotel opening but had no clue how he was going to attract visitors. It will not.

Conference 392

Conference Startup Web Truecar 392

Both Sides of the Table

JANUARY 16, 2012

I’ve raised money as a “hot company” and I’ve raised capital when no one would return my phone calls. I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies. I never suggest that entrepreneurs just randomly pitch VCs. Why buy now? Tell a friend!

Develop 366

Develop Development Funding Venture Capital 366

socalTECH

AUGUST 4, 2011

Every so often--particularly in Southern California--you run into a serial entrepreneur, with multiple successes and great track record-- yet, who very few people are aware of. Locally, those are companies like LegalZoom, GameFly, TrueCar, and ShoeDazzle. There are lots of e-commerce companies. Jeff Zwelling.

Startup 210

Startup Marketing Customer Custom 210

Both Sides of the Table

APRIL 4, 2011

One of the things I discuss the most with the portfolio companies I’m involved with is that “you manage what you measure.”. Make them widely available inside the company and share your most important goals with your board. My experience has proven that even some well known companies are under-whelming in this department.

Metrics 346

Metrics Startup SEO Customer 346

socalTECH

JULY 13, 2009

Mark has also been quite active mentoring entrepreneurs, We caught up with Mark to hear about what kinds of investments GRP is looking at nowadays, his view on the software-as-a-service market, and how best to approach him with a pitch. The new fund is focused entirely on technology companies. That was quite a prominent exit for us.

GRP Partners 157

GRP Partners Southern California Santa Barbara Rustic Canyon 157

Tech Zulu Event

JUNE 28, 2012

Panels were based at hubs including Leadership, Branding / Advertising, Social Media, Entrepreneurs, Community and more. RT @OEInnovation #SBF why I live in #LA: intersection of #beach #tech #entrepreneur #entertainment. & Thanks to all of my old & new friends for making it so rich with optimism, expertise, & wisdom.

Hollywood 67

Hollywood Technical Review Startup Rustic Canyon 67