L.A. Business Journal

APRIL 24, 2017

Upfront Ventures Joins Jeff Skoll, Paul Allen Investing Arms in $119M Sale of TrueCar Shares, Disney says more than 160 stations signed up for its clearinghouse, and The New York Times launches content and crossword puzzle on Snapchat.

Truecar 113

Truecar Sales Snapchat Invest 113

socalTECH

MAY 21, 2015

Santa Monica-based TrueCar has been sued by a group of California car dealers, via the California New Car Dealers Association , which alleges that the auto buying site is noncompliance with California's laws regarding dealer licensing.

Truecar 100

Truecar Santa Monica Resource Sites 100

socalTECH

OCTOBER 11, 2011

Another investor has surfaced in the latest funding round for Santa Monica-based TrueCar , the online automotive pricing and research firm headed by Scott Painter. According to Colorado-based Keating Capital, it participated in a $50M, common stock financing round in TrueCar which closed on September 26th. READ MORE>>.

Truecar 124

Truecar GRP Partners Santa Monica Pricing 124

socalTECH

SEPTEMBER 10, 2008

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. According to TrueCar, it will provide information about new car pricing, using the actual price people have paid for cars.

Zag 133

Zag Truecar CarsDirect Arcturus 133

socalTECH

AUGUST 5, 2019

Trinidad previously served at Google and Discovery Networks; Wilkinson was previously a venture capitalist at Exponential Partners--one of Fair's early investors; and Pierantoni was previously Chief Accounting Officer and Chief Financial Officer at TrueCar. READ MORE>>.

Cornerstone OnDemand 124

Cornerstone OnDemand Truecar Ticketmaster Paramount 124

socalTECH

APRIL 7, 2014

Local investments funds have had issues raising their new funds, and venture investors had started to hunker down with their portfolios, waiting for some sign of a thaw in the exit environment. investment investor capital venture angeles' For several years, the phrase "Los Angeles Venture Capitalist" had almost become an oxymoron.

Los Angeles 187

Los Angeles Truecar Angel Anthem 187

socalTECH

JANUARY 17, 2014

Southern California''s venture capital investments totaled a little more than $598.4M The investments were a drop from Q4 of 2012, $711.8M was invested in the region. billion was invested across Southern California''s technology industry. billion was invested in 1,077 deals nationally. For the year, a total of $2.51

Southern California 246

Southern California Venture Capital Orange County Tech Coast Angels 246

socalTECH

AUGUST 30, 2016

The Tech Coast Angels , Southern California's biggest angel investment group, says its performance record and returns on its investments are higher than the average angel, in nearly all categories, based on a new academic study. in active investments. According to the TCA, it had a 3.3x average of all angels. READ MORE>>.

Tech Coast Angels 133

Tech Coast Angels Angel Truecar Southern California 133

socalTECH

DECEMBER 16, 2014

Los Angeles-based venture capital investment firm Upfront Ventures announced this morning that it has raised a fifth fund, worth $280M. According to the firm, the new fund will target early-stage technology investments, and will split half of the dollars in the fu between Los Angeles and the other half in investments nationally.

Funding 133

Funding Truecar Los Angeles Venture Capital 133

socalTECH

AUGUST 10, 2016

Williams was most recently at TrueCar, where LootCrate said he created the unified data platform and technology strategy behind the company. Los Angeles-based subscription box service Loot Crate said today that it has hired its first CTO, John Williams. Downey Ventures, M13, and SterlingVC. Downey Ventures, M13, and SterlingVC.

CTO Hire 100

CTO Hire Lootcrate Downey Chief Technology Officer 100

Both Sides of the Table

JULY 1, 2010

The consumer product they’ve created is called TrueCar. Investing much of new cash to build presence in Android platform. While Zag is not a dealer if you measured it in terms of cars sold it would be in the top 5 auto dealers in the country. And it carries no inventory. Current round: $11mm Series-B led by Accel.

Zag 248

Zag Truecar Venture Capital CarsDirect 248

socalTECH

JULY 18, 2014

Five startups have been named winners at the Siemer Summit , the tech confab which has been being held in Santa Monica for the past couple of days by local investment banking company and investor Siemer Ventures, highlighting some of the top startups in the region. TrueCar''s Scott Painter was also honored as part of the awards.

Startup 173

Startup Truecar Santa Monica Conference 173

TechCrunch LA

APRIL 14, 2014

” The recent acquisitions of Maker Studios and Oculus VR, as well as the planned public offering for TrueCar that’s finally going through, all point to a healthy investment ecosystem, but there’s still one industry that rules over… Read More.

Truecar 100

Truecar Entertainment Venture Capital Acquisition 100

socalTECH

NOVEMBER 2, 2011

GRP's investments include TrueCar, GOGII, Ad.ly, GumGum, among others. According to the filing, the fund is being managed by Steven Dietz, Brian McLoughlin, Yves Sisteron, and Mark Suster, and has just started fundraising efforts. GRP last closed on a fund--GRP III, L.P.--in READ MORE>>.

Gogii 162

Gogii GRP Partners Funding Truecar 162

socalTECH

MARCH 24, 2016

The last time Forbes has placed a Southern California venture capitalist on the Midas List appears to have been in 2009, when Jim Gauer of Palomar Ventures made the list.

Southern California 100

Southern California SoCal Palomar Santa Barbara 100

socalTECH

SEPTEMBER 14, 2016

Most recent investments: GOAT, cloudvirga, Vemba, LootCrate, Invoca. Local exits: TrueCar, Gravity, Maker Studios. Most recent investments: EventBoard, Sensay, Shipt, Scopely, ALL DEF DIGITAL. Most recent investments: Ring, Flipagram, Snapchat. Most recent investments: Zingle, Thrive Market, Fluent, Comparably.

Southern California 100

Southern California Dollar Shave Club Lootcrate Orange County 100

socalTECH

DECEMBER 23, 2019

We have invested in 13 companies out of our Fund 1 so far and are more bullish than ever on the amazing entrepreneurs we are meeting and the companies we are helping them build. has been raised by VC funds and at least $35B has been invested in LA startups from outside the city (Amplify, The Los Angeles Tech and Venture Scene 2019).

Capital 100

Capital Technical Review Truecar Venture Capital 100

socalTECH

DECEMBER 22, 2020

This year ushered in the successful launch our second fund at Moonshots Capital, further validating our thesis that investing in extraordinary leadership produces exceptional companies. What was the biggest news for you/your company this year? What was the biggest lesson you learned this year? Being grateful.

Capital 124

Capital Technical Review Truecar Southern California 124

socalTECH

JUNE 27, 2013

GRP Partners--which has invested in such successes as Overture, CitySearch, BillMeLater, DealerTrack, and others, and is currently an investor in Maker Studios, TrueCar, Burstly, and others--said it decided to change its branding as venture capital has changed. READ MORE>>.

GRP Partners 164

GRP Partners Funding CitySearch Venture Capital 164

Both Sides of the Table

DECEMBER 16, 2014

The speaks to the continued confidence in the venture capital markets and as I had predicted some time ago the VC markets right now are a great place to invest – especially relative to other places to put one’s money. Our last fund we raised was in 2012 and we began investing it in April of 2012. But that’s it.

Venture Capital 396

Venture Capital Funding Technical Review Startup 396

Both Sides of the Table

NOVEMBER 13, 2014

Investment experience (5 years a VC at Battery Ventures). For starters we’re an LA-based venture fund who invests nationally (and sometimes internationally, but less so). But some of our largest investments have come from all across the country: BillMeLater (Baltimore, $1 billion eBay), DealerTrack (NYC, $1.3

Venture Capital 408

Venture Capital Startup Outsource Development CitySearch 408

socalTECH

DECEMBER 31, 2018

Closing our inaugural fund was big news for us, but even bigger news in my perspective has been the breakaway performance of many of our investments led by military veteran founders: 1. Those investments are a huge validation of our Fund thesis: investing in Extraordinary Leadership, with a heavy emphasis on military veteran co-founders.

Capital 113

Capital Venture Capital News Patents 113

Both Sides of the Table

MARCH 12, 2013

We both wanted to build a practice that would make Los Angeles proud but where we would travel tirelessly to other locations to make investments in the best entrepreneurs wherever they were. Like any firm we of course invest in the San Francisco Bay Area where 33% of my personal boards are. We knew he had to be an investment partner.

Venture Capital 360

Venture Capital GRP Partners Startup Invest 360

socalTECH

FEBRUARY 10, 2012

We've defined this as an incubator or investor which creates companies--usually, from in-house efforts, but sometimes in partnership with external entrepreneurs--and invests in them and often provides resources, offices, and more to get those companies off the group. Managed by: Bill Gross. Funding: Yes. Amount: Varies. Brighthouse.

Southern California 145

Southern California Incubator Guide Truecar 145

Both Sides of the Table

NOVEMBER 8, 2011

At GRP Partners our focus has always been on having a small number of investments in the industries we know well. Our investments focus heavily on the financial services industry, digital media, mobile applications & infrastructure, SaaS / Cloud and retail innovation. 9 companies out of 33 drove our largest returns.

GRP Partners 285

GRP Partners Technical Review Truecar Invest 285

Both Sides of the Table

OCTOBER 8, 2014

” I hear it when I visit LPs (the people who invest in VCs) all across the country, “Yeah, I haven’t been out there for a few years but I keep hearing that something is going on there.” No less than Fred Wilson has credited Carlota’s work with having a major influence on his investment strategy at USV.

Entrepreneur 376

Entrepreneur Snapchat Startup Google 376

socalTECH

NOVEMBER 19, 2013

Internap , PricewaterhouseCoopers , Demand Media , Stubbs, Alderton & Markiles LLP , Oracle , Cresa Partners , UK Trade & Investment , PIXT , and many others. You can register for the event at Digital Family Reunion. event socaltech50 awards entrepreneur entrepreneurship feature dfr2013'

Southern California 279

Southern California SoCalTech Dollar Shave Club Santa Monica 279

Tech Zulu Event

JULY 31, 2014

“Our goal this year was to connect leaders in digital media and technology from around the world and honor those making significant contributions to the industry,” said David Siemer, co-founder and Managing Partner of Wavemaker Partners and founder of Siemer & Associates Investment Bank.

Media 84

Media Technology Truecar Southern California 84

socalTECH

JULY 13, 2009

Mark has also been quite active mentoring entrepreneurs, We caught up with Mark to hear about what kinds of investments GRP is looking at nowadays, his view on the software-as-a-service market, and how best to approach him with a pitch. We invested in Overture, which was sold for $1.2

GRP Partners 157

GRP Partners Southern California Santa Barbara Rustic Canyon 157

socalTECH

AUGUST 4, 2011

That's important, because it allows marketers to re-invest and give credit to that marketing event, so they can buy more of it and get more customers. Locally, those are companies like LegalZoom, GameFly, TrueCar, and ShoeDazzle. It's a significant problem in online marketing today. What kind of customers are using the tool?

Startup 210

Startup Marketing Customer Custom 210

Both Sides of the Table

MARCH 17, 2010

LA generally doesn’t have an appetite for this kind of investment at early stages. Scott Painter , founder of CarsDirect has created two new generation LA startups (Zag and TrueCar, both backed by GRP Partners). LA investors are more pragmatic. Frank Addante has created Rubicon Project.

Company 290

Company Companies Technology Startup 290

Both Sides of the Table

JUNE 8, 2014

TrueCar, an LA-based company, sells more cars now than any physical dealer in the country and recently went public and has a $1 billion market cap. We have invested $17.3 One measure of CincyTech’s overall impact is that in 2013, its portfolio companies represent 80% of total seed and early stage capital invested in Southwest Ohio.

Startup 390

Startup Venture Capital Capital Funding 390

Both Sides of the Table

APRIL 4, 2011

Revenue metrics are one of the first things I ask for from the startups in which I invest. one of the best in industry that I've seen is how Scott Painter measures his business at TrueCar. If you plan to spend any serious amount of money on customer acquisition you sure better have a handle on LTV (or estimated LTV). Revenue Metrics.

Metrics 346

Metrics Startup SEO Customer 346

Tech Zulu Event

JUNE 28, 2012

Partners provided products and services including: Uber, Here on Biz, ParkMe, Simply Petals, Triptrotting, Bloodhound, Planana, Pop-Up Pantry, EventSorbet, ROC, Startup Car, Pulsoviral, TrueCar, PopChips, ONE Coconut water, Gamer Food, Zevia. Developers ranged from a 18 year old whiz kid to a Yale team who flew in from Yale to participate.

Hollywood 67

Hollywood Technical Review Startup Rustic Canyon 67

Both Sides of the Table

JANUARY 16, 2012

Partners make investment decisions. ” In VC terms that means the key questions you need to answer are, is this investor: Geographically focused and have they invested in my geography before? Already invested in one of my key competitors? Do they have money to invest? Meet in person. They’re buying you.

Develop 366

Develop Development Funding Venture Capital 366

Both Sides of the Table

FEBRUARY 15, 2011

When you’re one fund and have $600 million to invest it’s easier to take that kind of risk. LA generally doesn’t have an appetite for this kind of ‘swing-for-the-fences’ investment at early stages – and neither does your town. There are no $600 million funds in Los Angeles.

Venture Capital 313

Venture Capital Southern California Google Startup 313