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TrueCar Scoops Up $30M From Vulcan Capital

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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.

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NextCar, Led By Scott Painter, Gears Up For Launch With Exec Team

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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. NextCar (NXCR) is focused on providing vehicle subscriptions to consumers.

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Fair Boosts Executive Team

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The company said it added Jay Trinidad as the company's Chief Product Officer, Pat Wilkinson as its GM of Exclusive Uber Program, and John Pierantoni as SVP of Finance and Risk. Painter is the former CEO and founder of TrueCar, and has a long background in starting and funding technology companies in Southern California.

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MANDT VR Names CTO

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Los Angeles-based MANDT VR , an augmented reality and virtual reality production company, said on Thursday that it has named Mike Dunn as the company's Chief Technology Officer. Mandt was most recently CIO at VER, and also had previously served as Chief Technology Officer at Time Warner, Hearst Interactive Media and TrueCar.

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How You Know You’ve Got the Right Startup Model?

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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).

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

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The consumer product they’ve created is called TrueCar. Money to be used for hiring and additional product development. Danish VOIP technology company founded in 2006 by entrepreneur Tanveer Sharif. Offers two products: Palantir Government and Palantir Finance. And it carries no inventory. See: TechCrunch.

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Spotlight Ticket Management Gains $2.5M

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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 was most recently CEO and Chairman of WePlay, and also has served at Avamar Technologies and was Chief Operating Officer of GeoCities. READ MORE>>.

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