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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]. Tags: This Week in VentureCapital.
Santa Monica-based Zag , the online auto buying software firm headed by Scott Painter, has raised $11.1M in a new equity funding round, according to a regulatory filing by the firm Tuesday afternoon. Source and details on the funding have not yet been announced by the company. READ MORE>>.
It’s really hard to zig when the whole world seems to be zagging. They have marked-up paper gains propped up by an over excited venturecapital market that has validated their investments. One of my favorite quotes I learned in high school was: “Nonconformity is the Highest Form of Social Attainment&#.
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Southern California Venturecapital totals were up slightly in Q1 of this year from last quarter, to around $718M in deals, according to an analysis of socalTECH.com's proprietary venture database. However, venturefunding totals were still well off the first quarter of 2008's nearly $1.2 billion in funding.
in a funding round, but appears to also have moved its headquarters to Northern California. in an equity funding round. No details on that funding have been announced by the company. No details on that funding have been announced by the company. SharesPost had originally been based in Santa Monica.
Funding is different – In Silicon Valley you have mega venturecapitalfunds and many of them. They not only have gotten bigger but they have an amazing track record of funding the biggest names in the sector: Cisco, Apple, Google, Facebook. As a result many funds are OK with big bets.
This morning's interview is with Mark Suster , a venture capitalist at GRP Partners (www.grpvc.com). GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months. The new fund is focused entirely on technology companies.
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