article thumbnail

TrueCar Scoops Up $30M From Vulcan Capital

socalTECH

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.

Truecar 187
article thumbnail

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

Both Sides of the Table

The consumer product they’ve created is called TrueCar. Money to be used for hiring and additional product development. Current round: $20.0mm Series-B led by Andreesen Horowitz, with USV and O’Reilly AlphaTech Ventures. Offers two products: Palantir Government and Palantir Finance. Competitors: Gowalla.

Zag 248
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fair Boosts Executive Team

socalTECH

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. Wilkinson also had served at Lehman Brothers and Barclays as an investment banker in addition to his time in venture capital. READ MORE>>.

article thumbnail

How VCs Think About Adding New Partners

Both Sides of the Table

Investment experience (5 years a VC at Battery Ventures). Operating experience (Helped run parts of CitySearch & UrbanSpoon, tons of product management experience, Board of Hatch Labs which helped spawn Tinder). billion IPO), HealthDataInsights (Las Vegas, $400 million) as well as LA (Maker Studios $1 billion, TrueCar $1.3

article thumbnail

GRP Partners Raises New $200M Fund, Becomes Upfront Ventures

socalTECH

Los Angeles-based venture capital investor GRP Partners announced this morning that it has raised a fourth fund, worth $200M, and also renamed the firm Upfront Ventures. upfront ventures partners venture capital fund startup msuster suster launchpadla' READ MORE>>.

article thumbnail

Bolstering the Partner Ranks at GRP

Both Sides of the Table

Because my role as a VC requires me to take and endless stream of meetings I long ago decided I need to learn as much as I can from the meetings I attend so I often just ask tons of questions and assimilate knowledge. When I think about what defines us as a VC I think: Operationally knowledgeable / strong startup competence.

article thumbnail

What Mattered In 2010: Mark Suster, GRP Partners

socalTECH

Yesterday, we heard from Scott Painter of TrueCar. Today, we spoke with Mark Suster , a venture capitalist at GRP Partners. I am looking at low cost video production and distribution, and I'm looking at new models of consumer consumption of video. What was the biggest news for you/your firm this year? The IPO of EnvestNet.