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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.
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.
Santa Monica-based automotive technology platformTrueCar Inc.’s s sales tumbled as supply chain issues rocked the company, according to its third quarter earnings report.
The consumer product they’ve created is called TrueCar. A social analytics platform for Facebook app developers and publishers that provides detailed demographic and engagement data. Company plans to use the capital to build out sales and marketing and r&d. . And it carries no inventory. Kontagent. -A
Irvine-based Digital Motors , which develops an online car salesplatform for car dealers, said this week that it has named Paul Edmonds as its VP of Customer Success. The company says Edmonds will head up its sales and service teams. The company says Edmonds will head up its sales and service teams. READ MORE>>.
Greg was the CMO at HauteLook from the early days all the way through growing the business to 12 million registered users and far in excess of $200 million in annual sales. We both wanted to put energy into GRP’s platform of services that provide more value to our investments than merely capital. .” I always felt the same.
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. You can hire a talented head of marketing, business development, technology and sales. As a result many funds are OK with big bets.
Look beyond California and you have group purchasing (GroupOn in Chicago, LivingSocial in Washington DC), private sales (Gilt Groupe in NY, HauteLook in LA), artisan marketplaces (Etsy in NY), eCommerce (Amazon in Seattle) and on and on. Scott Painter , founder of CarsDirect has created TrueCar (backed by GRP Partners).
Fund raising (as is much of life) is a sale – pure and simple. As with any sales campaign you need to: Qualify your buyers early so you focus your scarce resources on people likely to buy your product. . Three rules in sales: Why buy anything? Remember again that the three major steps to a sale are: Why buy anything?
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