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TrueCar Files For IPO

socalTECH

Santa Monica-based TrueCar has filed for an IPO, saying Friday that it is looking to raise up to $125M on the NASDAQ Global Select Market as TRUE. TrueCar--which is led by Scott Painter--is backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, and Peppy Capital Partners.

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NextCar, Led By Scott Painter, Gears Up For Launch With Exec Team

socalTECH

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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Want to Start a Technology Company in LA?

Both Sides of the Table

And we’re left with a city with idyllic weather, major commerce, the media center of the world, and a great emerging technology scene. But we have a great city for building technology companies. But it’s more atypical for investors located in this market. You can find very talented technology executives.

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Here's Who Is Funding Companies In Southern California Today

socalTECH

Local exits: TrueCar, Gravity, Maker Studios. Most recent investments: Zingle, Thrive Market, Fluent, Comparably. Here are the venture firms who have been most active in SoCal (Santa Babrara - Los Angeles - Orange County - San Diego) in the last twelve months, based on the number of deals: 1. Upfront Partners - 11 deals.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets.

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Interview with Jeff Zwelling, Convertro

socalTECH

Jeff Zwelling is the co-founder of Convertro (www.convertro.com), a Los Angeles company focused on helping companies track how their marketing efforts are leading to sales conversions. Jeff Zwelling: Convertro allows marketers to know all of the marketing that led to a conversion. Jeff Zwelling is one of those.

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