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TrueCar Tops 500,000 Cars Sold

socalTECH

Santa Monica-based TrueCar , the online automotive purchasing program and technology developer, has just topped 500,000 cars sold on its platform, the firm reported this morning. The numbers reflect some momentum to the firm's services, which took five years to sell the first 100,000 vehicles.

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TrueCar Tops 200,000 Cars Sold

socalTECH

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. READ MORE>>.

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TrueCar: More Than $1B Saved For Consumers

socalTECH

Santa Monica-based TrueCar , the automotive software and purchasing service headed by Scott Painter, claims this morning that it has saved more than $1 billion for car consumers. TrueCar's platform is used by automotive discount and purchasing programs from credit unions and others, as well as by dealers with upfront pricing programs.

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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]. The consumer product they’ve created is called TrueCar.

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

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Over the past decade we’ve had high-profile exits at many companies that pioneered monetization techniques now used across the web including Commission Junction, Value Click, ShopZilla, Price Grabber, LowerMyBills and a newer breed including Invoca, Burstly, Shift, Rubicon Project, Gravity, Convertro, Retention Science and so forth.

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Bolstering the Partner Ranks at GRP

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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. We both wanted to put energy into GRP’s platform of services that provide more value to our investments than merely capital.

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How to Develop Your Fund Raising Strategy

Both Sides of the Table

He knows the history of all of the payment gateways, mobile payment platforms, credit offerings, remittance companies, etc. So winning means they’re paying the highest price. Others that are experts in this field include Matt Harris at Village Ventures and Jim Robinson at RRE. Sure, some people work this way.

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