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Santa Monica-based TrueCar , the online car pricing site headed by Scott Painter, has scored a new, equity investment and partnership with direct marketing firm Guthy-Renker , the firm announced today. Financial terms of the investment were not disclosed. READ MORE>>.
Santa Monica-based online car buying technology provider TrueCar said this morning that it has raised $30M in a new round of funding, from Vulcan Capital, the venture funding arm of Microsoft co-founder Paul Allen. TrueCar said the new funds will go towards market expansion, product development, and to build its brand.
Santa Monica-based TrueCar , the online car pricing site headed by Scott Painter, reports this morning that it has now sold more than 200,000 cars through its online car buying and pricing platform. TrueCar said the number comes less than a year from when it reached an initial, 100,000 car sales, which occurred earlier this year.
In a sign of how large of an effect Santa Monica-based TrueCar has had on the automotive industry, the company said Tuesday afternoon that its dealer partners have just surpassed 700,000 new and used vehicles sold using its sites. TrueCar's data from those purchasing programs fuel the data it uses on its consumer facing website.
Santa Monica-based TrueCar , the publisher of real-time automotive pricing information headed by Scott Painter, said yesterday afternoon that it has appointed Todd Daum as Chief Marketing Officer. Daum joins TrueCar from Automoti.com, where he was Chief Operating Officer. Automoti.com was sold to Hertz in 2009. READ MORE>>.
Santa Monica-based TrueCar has filed for an IPO, saying Friday that it is looking to raise up to $125M on the NASDAQ Global Select Market as TRUE. TrueCar--which is led by Scott Painter--is backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, and Peppy Capital Partners.
Santa Monica-based TrueCar is continuing to bolster its links to automotive dealers, as it looks to improve its relationship with the auto dealer industry, saying this morning that it has named Paul Edmonds as Senior Vice President of Dealer Marketing and Opeartions.
Santa Monica-based TrueCar has priced its IPO, saying last night that it will sell 7.8 TrueCar is trading on the NASDAQ Global Select Market as TRUE. truecar true buying service scott painter' million shares of its stock at $9 per share. The pricing was below the company''s earlier, estimated IPO range of $12.00
Santa Monica-based TrueCar , the car pricing startup headed by Scott Painter, has announced a new product today, focused on used vehicle pricing. According to TrueCar, its new ClearBook service will provide a used vehicle pricing index, based on pure computational analytics, using the firm's ability to tap into aggregated used car listings.
Santa Monica-based TrueCar , the spinout of Zag Automotive which provides data on new car pricing, said today that it has partnered with automotive online marketing firm HomeNet Automotive. According to TrueCar, it will delier new car pricing data and information to HomeNet's Inventory Online Internet Marketing Suite.
Santa Monica-based TrueCar , the online car purchasing firm headed by Scott Painter, is further ramping up its outreach to dealers, saying this morning that it has formed a new "National Dealer Council" which will work with experienced dealers to recommend and improve collaboration between the company and auto dealers. READ MORE>>.
If you’ve watched any industry in the last 20 years where technology has begun to transform how the industry works the results are always predictable driven by what Clay Christensen appropriately called “ The Innovator’s Dilemma ” (one of the most influential books that changed my thinking about markets).
Today, we share the thoughts of Scott Painter the CEO and founder of TrueCar , as well as a number of other successful firms and startups in Southern California. They're not household names, they're many contrarians thriving in a down market. Yesterday, we heard from DFJ Frontier's David Cremin.
Santa Monica-based TrueCar , the automotive pricing spinout of Zag, said today that it is targeting dealers with a new web site, to help dealerships price vehicles based on market data. TrueCar said that the new service will help dealers to "optimize" their vehicle pricing. Tags: truecar automotive. READ MORE>>.
Santa Monica-based TrueCar announced late Thursday that it has acquired a 20 percent stake in Accu-Trade , a provider of vehicle apparisal technology. TrueCar said that it will use Accu-Trade to power its TrueCar Trade platform, which will offer up user-friendly, real-time valuations for consumers trading their cars into dealers.
The consumer product they’ve created is called TrueCar. Company plans to use the capital to build out sales and marketing and r&d. -a Makes money by partnering with brands and marketers to publish location-triggered content. And it carries no inventory. a fbFund winner. Competitors: Omniture , Webtrends.
TrueCar Inc., the Santa Monica-based online car-buying marketplace, has managed to gain investors’ trust even as it adjusts to the market under Covid-19.
Santa Monica-based TrueCar , which provides online services to help connect people looking for cars with auto dealers, said on Thursday that it has linked up with a charity, DAV , which helps disabled veterans gain access to vehicles, as part of its own program for injured veterans, DrivenToDrive. READ MORE>>.
According to the two companies, the move will create a new marketplace for private growth companies, which combines NASDAQ OMX's experience in the market and resources, and SharesPost's web-based platform for trading private stock. As part of the deal, NASDAQ will retain a majority stake in the new NASDAQ Private Market (NPM).
Santa Monica-based auto buying program operator TrueCar announced this morning that it has inked a partnership with Los Angeles-based HyreCar, to power an online auto marketplace for HyreCar. Financial details of the partnership were not announced.
Santa Monica-based car buying technology and marketplace operator TrueCar said this morning that it has rolled out two new, television ads featuring dogs in cars, and the voice of Wen Wilson. TrueCar said its first spot is called "True Love" , and focuses on the "love affair between dogs and cars". READ MORE>>.
Santa Monica-based TrueCar announced today that it has snagged an executive from Edmunds.com for its new Vice President of Product Management. TrueCar is a car pricing site which was spun out of automotive software firm Zag; the firm is venture backed by Anthem Venture Partners, Global Retail Partners, and Capricorn. READ MORE>>.
Santa Monica-based TrueCar , the automotive pricing spinout of Zag Automotive, annoucned today that it has hired the Chief Evangelist from Edmunds. Tags: truecar executive edmunds automotive pricing. Toprak spent nine years at Edmunds, in addition to earlier experience at automotive franchises. READ MORE>>.
Santa Monica-based TrueCar --which has been in the midst of extending the olive leaf out to car dealers put off by its pricing pressure--said it has updated its "Dealer Pledge" initiative, improving its efforts to address concerns of its dealers. TrueCar posted the updated pledge online. READ MORE>>.
Los Angeles-based automotive marketplace operator TrueCar released a highlight of its results last night, saying that the firm's revenues were down 28.8% TrueCar said it had a net loss of $6.8 year-over-year, and 16.4% million compared to net income of $11.6M in the third quarter of 2020.
Santa Monica-based TrueCar, which operates a digital marketplace for automobiles, says it has linked with Capital One to offer up pre-qualification for its buyers. According to TrueCar, the new link with Capital One allows eligible shoppers to pre-qualify for auto financing through participating lenders Capital One and Westlake Financial.
Santa Monica-based NextCar, the newest automotive-focused startup led by startup veteran Scott Painter, is gearing up for the launch of the company, saying this week that it has named a senior management team.
Santa Monica-based TrueCar has begun ranking vehicles, based on how well their values hold up in the pre-owned vehicle market, through an annual "TrueCare Pre-Owned Value Awards" program, the company said over the weekend.
Santa Monica-based TrueCar is continuing its outreach to car dealers--looking to patch up what had been a fairly contentious relationship with both dealers who list and do not list automobiles on its site--saying it is releasing an updated "Dealer Pledge".
I researched the pricing of the car at TrueCar – not because we’re an investor – but because it gives you complete price transparency over what other people in your area paid for a car. “Invoice price” is an equally meaningless marketing tool. . But I digress.
If you want the full SlideShare deck with many slides not in either post it’s in this link –> The LA Tech Market. Has it begun to mature or is it just better marketed than in was say 5 years ago? Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly.
Santa Monica-based TrueCar said over the weekend that it has made a major overhaul to its user experience, adding a number of features which specifically reach out to dealers, in addition to helping out its consumers.
Santa Monica-based TrueCar , the online car pricing site run by Scott Painter, said today that it has named Stephen Hansen as the firm's new President and COO. Hansen reports to Painter, and will head up strategic planning, product and technology development, and marketing, among other duties. READ MORE>>.
Thus began my marketing campaign. billion IPO), HealthDataInsights (Las Vegas, $400 million) as well as LA (Maker Studios $1 billion, TrueCar $1.3 Having been at Battery Ventures for 5 years earlier in her career has given her the investor vantage point and years of seeing booming markets and contracting ones.
He shared tons of information about how how they were using marketing to quantitatively make marketing decisions at HauteLook and acquire customers for prices that were far cheaper than similar companies. The feedback was always universal, “that was the most helpful marketing meeting I’ve every had.”
Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.
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. While the costs of starting a tech company have plummeted it still does take money to hire a team, launch products and market oneself. Mavens & Marketing.
I finally realized that there is nobody specifically speaking to women in the automotive world, either editorially, or frankly, even on the marketing side. Marketing departments tend to be headed by men, and face it, men have been trying to figure out women since Adam and Eve. You've also got a deal with TrueCar, correct?
The tech market is filled with many stories of early-stage funding. Our other big wins came from Chicago (Ulta & Envestnet), Baltimore (BillMeLater), New York (DealerTrack) & LA (TrueCar). It’s even more exciting when you can report an exit of a company that is a major win. ” Let me explain all three.
According to SharesPost, as of Friday, end of day, it will cease transactions in Facebook, on request of Facebook, to enable Facebook's "orderly transition into the public markets". SharesPost is headed by Greg Brogger, and is backed and was co-founded by TrueCar's Scott Painter. READ MORE>>.
But it’s more atypical for investors located in this market. If we extend a bit North up the coast line we have many affiliate marketing innovators including ValueClick, Commission Junction and FastClick. You can hire a talented head of marketing, business development, technology and sales.
Eleven months later, of that list, there were two IPOs from companies headed by those entrepreneurs: one from Frank Addante of Rubicon Project (IPO market cap at $555.6M) and the other from Scott Painter of TrueCar (IPO market cap of $747M); and three acquisitions, with one from Jeff Zwelling of Convertro (acquired by AOL for $101M); another from Brian (..)
Jeff Zwelling is the co-founder of Convertro (www.convertro.com), a Los Angeles company focused on helping companies track how their marketing efforts are leading to sales conversions. Jeff Zwelling: Convertro allows marketers to know all of the marketing that led to a conversion. Jeff Zwelling is one of those.
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