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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]. Investing much of new cash to build presence in Android platform.

Zag
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Zag Gets Investment From USAA

socalTECH

Los Angeles-based Zag , the online car buying software firm headed by former CarsDirect CEO Scott Painter, has scored an investment from financial services firm USAA , USAA disclosed Thursday. USAA did not provide financial details behind the investment. USAA has been offering Zag's services to its members since 2007.

Zag
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Zag: 50,000 Cars Sold

socalTECH

Santa Monica-based Zag.com , the online auto buying technology firm headed by Scott Painter, said Wednesday that the firm has sold its 50,000th car through its online auto-buying affinity programs. Zag has received funding from USAA, Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners. READ MORE>>.

Zag
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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. LA generally doesn’t have an appetite for this kind of investment at early stages. LA investors are more pragmatic.

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SoCal Investments Totals Around $700M In Q1

socalTECH

According to numbers derived from socalTECH's venture database, there was $717.96M invested in Southern California in the first quarter, up from only $465M in Q4 of 2008. PIPE in Cadence Pharmaceuticals , a $50M PIPE in Clarient , as well as venture investments in Sangart ($50M) and Victory Pharma ($45M). billion in funding.

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What Mattered in 2010: Greg Martin, Archer Venture Capital

socalTECH

We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to hear what they're thinking about, and are sharing it here over the next two weeks. In your opinion, what events, companies, or people made the biggest impact on the technology world in 2010? Stay tuned.

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The Complete Guide To Southern California Accelerators and Incubators, Part II

socalTECH

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. In contrast with our earlier list of accelerators , these typically do not have set schedules, defined programs, and investment amounts. Funding: Yes.