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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>>.
Santa Monica-based Zag , which develops online car buying software, announced Monday that it has hit the 100,000 cars sold mark on its service. Zag, which also says it reached profitability in August 2009, said consumers saved over $350M over MSRP by using its programs. in venture funding. READ MORE>>.
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].
Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. All of the venture funders in TrueCar are investors in Zag, and amount of the investment was not disclosed.
Santa Monica-based Zag , which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has a funding round of undisclosed size. Tags: automobile venture auto capital funding. READ MORE>>.
Santa Monica-based Zag , which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has raised around $32.4M in a funding round. A spokesperson for Zag told socalTECH that a round had closed, but would not confirm the investors or details of the round.
Santa Monica-based Zag has finally revealed the total invested in its latest, strategic round of funding, saying Thursday that it raised $37.4M. USAA is an affinity group which is using Zag's automotive configuration software and services. READ MORE>>.
According to Zag, the firm will provide a turnkey, fully integrated auto buying program for the site, which will offer resources to research and compare vehicles, read AAA editorial reviews, and configure and purchase vehicles. Financial details of the win was not disclosed. READ MORE>>.
Santa Monica-based Zag, which is developing software for auto buying programs, has signed on another AAA group as a customer. According to Zag, AAA Mid-Atlantic has just unveiled a auto buying program which is powered by the firm's software. million members. The deal includes both providing new and used cars for AAA Mid-Atlantic.
Santa Monica-based Zag, a venture-backed developer of online car buying software, said this morning that it has made. Zag said it has promoted Bernie Brenner to Executive Vice President in charge of the firm's consumer initiatives, named David Pributsky as VP of Partner development. a number of hires and a promotion. READ MORE>>
Zag's technology provides a level of customization and detail on "fleet" style, pre-negotiated sales of autos, down to the accessory level; the firm has deals with USAA, Capital One, Overstock.com, AAA groups, and others to provide its service. over MSRP on their autos. Painter is the former CEO of CarsDirect.com.
Zigging and zagging amongst the obstacles is the fun part of being an entrepreneur, and it’s what sets you apart from the average worker who knows exactly what he or she has to do every day to get paid. After the initial zigs and zags to get profitable, it is time to formalize and document the processes that worked.
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.
-The Scott Sanfilippo Interview Media Optimization Firms Are Red Hot In Southern California in 2009 Proliferate - Aggregate - Integrate Startups Uncensored #4 - “Finding and Working with Partners” SoCal VC’s absent from Forbes Midas List Top Five Best Uses of an Entrepreneur's Legal Dollars What Data Crunchers Did for Obama An Evaluation of Web Strategy (..)
Best Exit Internet Technology, Networks In Motion; Best Funding in New Media/Internet: Rubicon Project, The, HauteLook.com, Zag; Best Funding in Software/Services: OpenX Technologies, Inc. Eucalyptus; Best Funding in Clean Technology and Energy: Energy and Power Solutions, Inc. FKA: Openads), Cornerstone OnDemand, Inc.;
In recent months, a dozen accelerators and incubators have emerged in the Southern California area, looking to help take the new generation of technology startups to funding and beyond. Funding: Yes. Funding: Yes. ideas, as well as funds external companies. Funding: Yes. Funding: Yes. Funding: Yes.
However, venture funding totals were still well off the first quarter of 2008's nearly $1.2 billion in funding. Other firms receiving significant capital during the quarter were car buying technology firm Zag , with around $37M raised, and solar energy firm eSolar , which raised $30M from an Indian partner during the quarter.
Zigging and zagging amongst the obstacles is the fun part of being an entrepreneur, and it’s what sets you apart from the average worker who knows exactly what he or she has to do every day to get paid. After the initial zigs and zags to get profitable, it is time to formalize and document the processes that worked.
Funding is different – In Silicon Valley you have mega venture capital funds 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.
It’s really hard to zig when the whole world seems to be zagging. That would mean that the increased number of new business startups will lead to a “funding gap&# of deals that can’t get financed. One of my favorite quotes I learned in high school was: “Nonconformity is the Highest Form of Social Attainment&#.
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. In 2000, we set up our second fund--worth almost $400M--and for that vintage year, that fund is one of the top tier performing funds in the entire country.
And in recent years, they’ve been involved in some interesting SoCal startups such as Zag, SodaHead, and Vokle. Some of their major hits include Sandpiper Networks (acquired by Digital Island for $630M) and Green Dot (NYSE: GDOT). Visit TechZulu for full story.
Once the show was recorded, Syd Nathan refused to release it, relenting only when it became obvious that Brown was going to fund its distribution himself. When everyone is zigging, go zagging. Using his own money, he leased the necessary recording equipment, hired the sound engineers and rented the Apollo Theater. Share and Enjoy.
Alex Nocifera: We're lucky in that we have LA's best seed funds. So, the old school approach, zig to the zag, is a well timed strategy for marketers. The uniqueness is we're a database, a marketplace, and predictive analytics under the hood threading together every signal into a predictive state for marketers. Thanks, and good luck!
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