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Launchpad LA Receives VC Funding: $50,000 Per Startup

Both Sides of the Table

Several funds and firms are participating in this investment including Rincon Ventures , Idealab ( Bill Gross built the original incubator and there will be active support from Allen Morgan ), Baroda Ventures , GRP Partners , David Cohen (founder of TechStars ), David Tisch (founder of TechStars NY ), DLA Piper and Stubbs Alderton.

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

Both Sides of the Table

Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Incubated by Clearstone Ventures in 2008. Competitors: Google (Invite Media) , MediaMath , X+1. They raised around $350 million to try and sell cars direct over the Internet.

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