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The future of car ownership: Cars-as-a-service

TechCrunch LA

Automakers and startups alike are increasingly offering services that give buyers new opportunities and greater flexibility around owning and using vehicles. Cars-as-a-Service. My favorite car blog Jalopnik said it best: “Cars Sales Could Be Heading Straight Into the Toilet.” But not everyone wants to buy a car.

Services 212
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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

The consumer product they’ve created is called TrueCar. A location based service which incorporates social and gaming elements. Company plans to use the capital to build out sales and marketing and r&d. -a led by Altos Ventures and Maverick Capital, with Larry Braitman. And it carries no inventory.

Zag 248
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“Stay Lean as Long as You Can,” and Other VC Wisdom from Mark Suster

Xconomy

In San Diego, the complaints often focus on the relative scarcity of venture capital and hometown VC firms. So when the San Diego Venture Group recruited Mark Suster of Los Angeles-based Upfront Ventures to give the keynote talk Tuesday night for Startup Week San Diego, more than 800 people filled a downtown auditorium.

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Zag: "Strongest Sales So far This Year"

socalTECH

Santa Monica-based Zag.com , the online automobile buying service headed by Scott Painter, is reporting today that it had what is calls its "strongest sales so far this year" in June. The firm did not say what drove the growth, and did not provide any financial details on its sales or profitability. READ MORE>>.

Zag 100
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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.

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Interview with Tara Weingarten, VroomGirls

socalTECH

They came on, because right now, their sales go entirely to me, even though they know there are women who have money, who are eager to seek out adrenaline sports, and why shouldn't they also drive fast cars? We basically got venture capital money, without having to give away any of the company. That's exactly what I did.

Truecar 204
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Interview with Jeff Zwelling, Convertro

socalTECH

Jeff Zwelling is the co-founder of Convertro (www.convertro.com), a Los Angeles company focused on helping companies track how their marketing efforts are leading to sales conversions. Locally, those are companies like LegalZoom, GameFly, TrueCar, and ShoeDazzle. What kind of customers are using the tool?

Startup 210