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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]. Includes content mobile guides, ie. Total Raised: $21.4mm.
It’s really hard to zig when the whole world seems to be zagging. Instead investors are looking for the next flash sale, private sale, game dynamic, social games that rely on mobileplatforms with geo-fenced, location aware offers. I continue to be excited about the Mobile Web (as distinct from the Mobile App).
It’s not uncommon for incredibly smart and talented Phd’s or CS majors from Stanford to raise $10 million on an early-stage “platform&# that if it succeeds it will be huge. Scott Painter , founder of CarsDirect has created two new generation LA startups (Zag and TrueCar, both backed by GRP Partners).
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