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TrueCar Gets Investment from Guthy-Renker

socalTECH

Santa Monica-based TrueCar , the online car pricing site headed by Scott Painter, has scored a new, equity investment and partnership with direct marketing firm Guthy-Renker , the firm announced today. Financial terms of the investment were not disclosed. READ MORE>>.

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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. 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. Spread through word-of-mouth as the company has no sales team, all engineers. a fbFund winner.

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

TechCrunch LA

My favorite car blog Jalopnik said it best: “Cars Sales Could Be Heading Straight Into the Toilet.” ” Citing a Bloomberg report, the site explains automakers may have had the worst first half for new-vehicle retail sales since 2013. Car sales are tanking, but people still need cars. Don’t buy, lease.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

Last year I was on Sand Hill Road in Silicon Valley meeting with one of the most prominent venture capital firms in the country. The VC partner, somebody I greatly respect said, “Yeah, we like Gil and what they’re doing. That’s convenience when your VC is hoping to write the next $20 million check.

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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>>.

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How Startups Can Use Metrics to Drive Success

Both Sides of the Table

10% of our revenue is coming from direct sales of our banner inventory. 15% is coming from in-app product sales (25% of these with cash, 75% with “incentivized offers.”). I don’t want to go in depth here because it could take a whole blog post, but if you’ve got direct sales teams make sure to have performance metrics in place.

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