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

Both Sides of the Table

Scott left the company, which eventually IPO’d and became Internet Brands. It is the most accurate data out there that you can use to carry into a dealership and negotiate on price. Investing much of new cash to build presence in Android platform. Total raised: $125mm See: TechCrunch. Total raised: $17mm.

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Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

If it worked in the Yellow Pages, why not on the Internet? He said it was better than the Yellow Pages because he would provide pricing transparency. Some IdeaLab successes / brand names aside from Overture & CitySearch? Cars Direct / Internet Brands. So he launched a company with exclusively paid search.