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

Both Sides of the Table

He eventually applied his lessons learned in these experiences when he founded Zag, a company that helps consumers buy cars over the Internet at pre-negotiated prices with nearly 4,000 dealers across the country [disclosure: my firm GRP Partners is an investor in Zag]. The consumer product they’ve created is called TrueCar.

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

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He built & IPOd Demand Media. Of course most of you know SnapChat, Tinder & Whisper and many people immediately associate the success of Los Angeles under the SoLoMo banner (Social, Local, Mobile) and you wouldn’t be wrong. He built & sold iMall in Internet 1.0 for $565 million to Excite.

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How to Develop Your Fund Raising Strategy

Both Sides of the Table

For example, if you’re looking to approach Kleiner Perkins it’s worth knowing that my friend Matt Murphy runs their iFund and therefore is the in-house expert on all things mobile. He knows the history of all of the payment gateways, mobile payment platforms, credit offerings, remittance companies, etc.

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