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TrueCar Hits One Millions Downloads On Mobile App

socalTECH

Santa Monica-based TrueCar , which provides a service to let users get upfront pricing on automobiles from dealers, said today that it has just surpassed 1 million downloads of its smartphone app. The company said about 75 percent of its installs are on iOS, with the remainder on Android. READ MORE>>.

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TrueCar Buys Stake In Accu-Trade

socalTECH

Santa Monica-based TrueCar announced late Thursday that it has acquired a 20 percent stake in Accu-Trade , a provider of vehicle apparisal technology. Accu-Trade, which is based in Manheim, Pennsylvania, and provides a mobile app which offers up vehicle appraisals and valuations for dealers and consumers.

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TrueCar Launches Mobile Site

socalTECH

Los Angeles-based TrueCar , the online car pricing site run by Scott Painter, said today that it has launched a mobile version of its site. According to the company, the new site runs on Apple iPhone, BlackBerry, and other web-enabled mobile devices. TrueCar is a spinout of Zag Automotive, which is also run by Painter.

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

Both Sides of the Table

He calls it his “Tom Sawyer&# company. Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Scott left the company, which eventually IPO’d and became Internet Brands. And it carries no inventory. a fbFund winner.

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Fair Raises $16M, Launches Online Car Shopping, Financing App

socalTECH

Santa Monica-based Fair , a startup offering up a mobile app which lets users find, purchase, and finance an automobile--started by automotive startup veteran Scott Painter--has raised $16M and launched its services. The company also says it is in the midst of a Series A-1 financing being led by BMW i Ventures. READ MORE>>.

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Fair Finds $385M For Auto Service

socalTECH

The company, led by longtime automotive startup veteran Scott Painter, operates a service which lets users get access to a pre-owned car using a mobile app, and by paying a monthly fee, with no long term commitment. According to the company, so far, it has provided cars for more than 20,000 users. READ MORE>>.

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Want to Start a Technology Company in LA?

Both Sides of the Table

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.

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