socalTECH

AUGUST 8, 2016

Santa Monica-based TrueCar --which has been in the midst of extending the olive leaf out to car dealers put off by its pricing pressure--said it has updated its "Dealer Pledge" initiative, improving its efforts to address concerns of its dealers. TrueCar posted the updated pledge online. READ MORE>>.

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Truecar Santa Monica Pricing Customer 100

socalTECH

OCTOBER 20, 2014

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>>.

Truecar 149

Truecar Mobile Santa Monica Pricing 149

socalTECH

FEBRUARY 26, 2013

In a sign of how large of an effect Santa Monica-based TrueCar has had on the automotive industry, the company said Tuesday afternoon that its dealer partners have just surpassed 700,000 new and used vehicles sold using its sites. TrueCar's data from those purchasing programs fuel the data it uses on its consumer facing website.

Truecar 174

Truecar Sales Software Review Pricing 174

socalTECH

OCTOBER 9, 2012

TrueCar , the Santa Monica-based provider of auto buying and pricing software, is powering another online vehicle purchase service with a deal with Regions Bank , the company said today. Financial impact of the deal was not disclosed.

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Truecar Software Review Santa Monica Pricing 150

socalTECH

APRIL 2, 2012

Santa Monica-based TrueCar , the online car purchasing firm headed by Scott Painter, is further ramping up its outreach to dealers, saying this morning that it has formed a new "National Dealer Council" which will work with experienced dealers to recommend and improve collaboration between the company and auto dealers. READ MORE>>.

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Truecar Santa Monica Pricing Services 145

socalTECH

NOVEMBER 19, 2013

Santa Monica-based TrueCar , the auto pricing and sales company headed by Scott Painter, said late yesterday that it has sold its one millionth vehicle through its service, and that $31 billion in sales have gone through its network to date. TrueCar said that it saw around 400,000 sales alone in 2013. READ MORE>>.

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Truecar Sales Pricing Santa Monica 176

socalTECH

JANUARY 16, 2012

Santa Monica-based TrueCar , the online auto buying site led by Scott Painter, said Monday that it is addressing compliance issues and concerns with its service with a change to its billing model. TrueCar said Virginia has been okay with flat fee billing since January of 2001. READ MORE>>.

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Truecar Santa Monica Advertising Sales 185

socalTECH

MARCH 26, 2012

Santa Monica-based TrueCar , the online automotive purchasing program and technology developer, has just topped 500,000 cars sold on its platform, the firm reported this morning. The numbers reflect some momentum to the firm's services, which took five years to sell the first 100,000 vehicles.

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Truecar Santa Monica Pricing Sales 169

socalTECH

AUGUST 7, 2015

Scott Painter , the CEO of Los Angeles-based auto purchasing service TrueCar , said Thursday that he will be stepping down as CEO of the company by the end of the year. Painter will remain as Chairman of the board, and will continue as CEO as the company searches for a new chief executive. READ MORE>>.

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Truecar Pricing Los Angeles Services 100

socalTECH

MARCH 3, 2021

Santa Monica-based NextCar, the newest automotive-focused startup led by startup veteran Scott Painter, is gearing up for the launch of the company, saying this week that it has named a senior management team. NextCar (NXCR) is focused on providing vehicle subscriptions to consumers.

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Truecar Santa Monica Equity Design 203

socalTECH

APRIL 27, 2011

Santa Monica-based TrueCar , the automotive software and purchasing service headed by Scott Painter, claims this morning that it has saved more than $1 billion for car consumers. TrueCar's platform is used by automotive discount and purchasing programs from credit unions and others, as well as by dealers with upfront pricing programs.

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Truecar Santa Monica Platform Software 174

socalTECH

DECEMBER 16, 2011

Auto maker Honda is taking direct aim at Santa Monica-based TrueCar , with threats to pull advertising allowances from dealers who list below invoice on the site, according to a report from the LA Times. In the report, the Times says that TrueCar is now on track to reach $100M in revenues this year. READ MORE>>.

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Truecar Santa Monica Pricing Report 113

socalTECH

DECEMBER 20, 2018

Santa Monica-based Fair , which operates a service which lets consumers essentially gain access to automobiles on a month-to-month "car-as-a-service" program, has raised a giant, $385M funding round. According to the company, so far, it has provided cars for more than 20,000 users. READ MORE>>.

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Services Truecar Santa Monica Funding 113

socalTECH

FEBRUARY 22, 2021

According to the email from Painter, the funding is the company's first external equity financing. Painter has a long history in Southern California's technology industry, and previously founded such companies as Fair, TrueCar, SharesPost, and others.

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Seed Funding Truecar Funding Southern California 113

socalTECH

OCTOBER 25, 2017

The first, LA Tech Gives Back event was held this last week, on Thursday, October 19th, with 157 volunteers attending from 32 companies helping out Thursday at three different volunteer sites: Mark Twain Middle School in Venice, The Center at Blessed Sacrament in Hollywood, and LA Child Guidance Clinic in Downtown LA.

Truecar 113

Truecar SoCalTech Company Companies 113

socalTECH

SEPTEMBER 4, 2020

Digital Motors said Edmonds previously served at TrueCar, AutoTrader.com/Kelley Blue Book and Cox Automotive, and has more than 15 years of experience in digital dealer operations and software sales. The company says Edmonds will head up its sales and service teams.

Truecar 113

Truecar Sales Platform Software 113

socalTECH

AUGUST 18, 2009

Santa Monica-based TrueCar , the automotive pricing spinout of Zag Automotive, annoucned today that it has hired the Chief Evangelist from Edmunds. Tags: truecar executive edmunds automotive pricing. Toprak spent nine years at Edmunds, in addition to earlier experience at automotive franchises. READ MORE>>.

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Edmunds Truecar Zag Santa Monica 100

Both Sides of the Table

APRIL 1, 2014

Young startups claim they are going to change the world, large companies that dominate that sector scoff at how low quality these new entrants are, until l ike frogs boiling in water they come to the realization that “this s**t is real.” Luddite dealers started petitioning state governments to make TrueCar illegal.

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Truecar Startup Hulu Pricing 338

socalTECH

MAY 5, 2021

Santa Monica-based NXCR ,the subscription vehicle startup led by auto- and startup-veteran Scott Painter, and auto analytics company J.D. Power announced on Wednesday that the two companies are in a strategic alliance, which will link J.D. Scott Painter was the founder of TrueCar, CarsDirect, and Fair.com. NXCR will use J.D.

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CarsDirect Truecar Santa Monica Startup 113

socalTECH

FEBRUARY 27, 2014

Santa Monica-based TrueCar , the online car pricing site--which has made its name from revealing the full pricing details behind local car purchases--said this week that it had acquired a brand, new domain-- True.com. However, the company didn''t announce the price it paid for its shiny new domain name. READ MORE>>.

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Truecar Southern California Santa Monica Pricing 150

socalTECH

SEPTEMBER 7, 2017

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>>.

Truecar 124

Truecar Santa Monica Seed Funding Startup 124

socalTECH

OCTOBER 23, 2017

Fair is developing an app-driven service which allows people to gain access to a car , which they can pay for on a monthly basis and return anytime. Fair's founders are Scott Painter (former CEO and founder of TrueCar and CarsDirect.com) along with auomotive executive George Bauer (Mercedes, BMW, Tesla). READ MORE>>.

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Truecar Funding Los Angeles Capital 100

socalTECH

SEPTEMBER 18, 2018

Los Angeles-based Fair --a technology-enabled startup which lets people get access to a car with none of the traditional limitations and handcuffs of a lease--is making it even easier for people to get a car through its service, saying it has started to let drivers choose how much they want to spend each month for a vehicle.

Truecar 133

Truecar Startup Los Angeles Capital 133

socalTECH

AUGUST 10, 2016

Los Angeles-based subscription box service Loot Crate said today that it has hired its first CTO, John Williams. Williams was most recently at TrueCar, where LootCrate said he created the unified data platform and technology strategy behind the company. Downey Ventures, M13, and SterlingVC. Downey Ventures, M13, and SterlingVC.

CTO Hire 100

CTO Hire Lootcrate Downey Chief Technology Officer 100

Both Sides of the Table

JULY 1, 2010

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. It’s awesome.

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Zag Truecar Venture Capital CarsDirect 248

socalTECH

JULY 18, 2014

Five startups have been named winners at the Siemer Summit , the tech confab which has been being held in Santa Monica for the past couple of days by local investment banking company and investor Siemer Ventures, highlighting some of the top startups in the region. TrueCar''s Scott Painter was also honored as part of the awards.

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Startup Truecar Santa Monica Conference 173

socalTECH

JANUARY 30, 2018

Fair-- backed by more than $1 billion in funding from such investors as BMW i Ventures, Penske Automotive Group, Sherpa Capital, and others, operates a service which helps people gain access to a car, which they pay for using monthly payments, with no long term commitments. for drivers seeking vehicle access for 30 days or longer.

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Truecar Equity Los Angeles Activity 100

socalTECH

MARCH 28, 2016

A new, Los Angeles startup, Pingo Solar --backed by technology veterans Jerry Slavonia, Kang Ahn, and others--said it is about to launch a new service to provide more transparency to the solar industry. The company has yet to roll out public access to its tool.

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Tool CarsDirect Truecar Pricing 100

socalTECH

SEPTEMBER 19, 2017

Painter, who was previously CEO and founder of TrueCar, and has a long history in the automotive purchasing and financing industry, sat down with us to discuss Fair, what he learned at TrueCar, and how he hopes Fair will transform the auto industry. What lessons did you learn from TrueCar, which are you are applying here?

Startup 124

Startup Truecar Pricing Entrepreneur 124

socalTECH

NOVEMBER 10, 2011

Kelley Blue Book has been seeing some competition in that area from companies like Santa Monica-based TrueCar, which has been providing zipcode-specific car pricing based on used car listings at its service Clearbook. READ MORE>>.

Truecar 145

Truecar Santa Monica Pricing Competition 145

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

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. I was sitting with the financing guy who was trying to upsell me everything from pre-paying service to prepaying dent repair coverage, etc.

Conference 398

Conference Technical Review Truecar Software Review 398

socalTECH

DECEMBER 23, 2019

What was the biggest news for you/your company this year? We have invested in 13 companies out of our Fund 1 so far and are more bullish than ever on the amazing entrepreneurs we are meeting and the companies we are helping them build. A few of our portfolio companies are using AI (i.e.

Capital 100

Capital Technical Review Truecar Venture Capital 100

socalTECH

AUGUST 24, 2010

in revenues), TrueCar at number 209 (1,407%, $16.6M), RealD at 347 (843%, $149.8M), and San Diego's Covario , at number 420 with 704 percent growth and $15.3M Other interesting firms on the list included Pasadena-based Central Desktop at number 180 (1,569%, $2.6M in revenues.

Southern California 140

Southern California Agoura Hills Thousand Oaks SoCal 140

socalTECH

FEBRUARY 10, 2011

The Los Angeles Venture Association (LAVA) held its annual awards event last night, honoring former Los Angeles Mayor Richard Riordan, as well as local, venture backed companies in a banquet last night at the Luxe hotel in Los Angeles. Other finalists were Clicker.com , Truecar , and Zumbox.

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LAVA Zumbox Technology ReachLocal 166

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.

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Truecar Writing Edmunds Sites 204

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%. Web Services, led by Amazon’s AWS, which reduced the costs a further 90%. All great communication companies. And then the world changed.

Startup 390

Startup Venture Capital Capital Funding 390