Zag Hires New Products Director

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Santa Monica-based Zag , the online auto buying site headed by Scott Painter, has hired on a Director of New Products, according to recruiting firm NeoHire.

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Zag Powers AAA Service

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According to Zag, the firm will provide a turnkey, fully integrated auto buying program for the site, which will offer resources to research and compare vehicles, read AAA editorial reviews, and configure and purchase vehicles.

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Zag Raises Funding

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Santa Monica-based Zag , which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has a funding round of undisclosed size. The firm recently spun out True Car, an automotive pricing information site.

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Zag Raises $32.4M

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Santa Monica-based Zag , which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has raised around $32.4M The firm recently spun out True Car, an automotive pricing information site.

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

Both Sides of the Table

He eventually applied his lessons learned in these experiences when he founded Zag, a company that helps consumers buy cars over the Internet at pre-negotiated prices with nearly 4,000 dealers across the country [disclosure: my firm GRP Partners is an investor in Zag].

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Zag Adds Another AAA Group

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Santa Monica-based Zag, which is developing software for auto buying programs, has signed on another AAA group as a customer. According to Zag, AAA Mid-Atlantic has just unveiled a auto buying program which is powered by the firm's software.

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TrueCar Launches Mobile Site

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Los Angeles-based TrueCar , the online car pricing site run by Scott Painter, said today that it has launched a mobile version of its site. According to the company, the new site runs on Apple iPhone, BlackBerry, and other web-enabled mobile devices. TrueCar said the site is accessible either by going to its main url, or to its mobile site at mobile.truecar.com. TrueCar is a spinout of Zag Automotive, which is also run by Painter.

TrueCar Officially Launches Car Pricing Site

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Santa Monica-based TrueCar has officially launched its new car pricing site today, saying that it is now providing consumers with details on the prices paid for people on cars in their area. The firm--which is a spinout of automotive configuration software firm Zag--said it will provide consumers with a "Price Report" showing the full distribution of prices paid by other people, for the exact same vehicle, in a consumer's local area.

TrueCar Targets Dealers

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Santa Monica-based TrueCar , the automotive pricing spinout of Zag, said today that it is targeting dealers with a new web site, to help dealerships price vehicles based on market data. TrueCar also said that it is in a distribution deal with Zag, to serve Zag's dealers with better upfront pricing details. Both TrueCar and Zag are headed by Scott Painter, former CEO of CarsDirect.com.

TrueCar Links With Dealers

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According to TrueCar, buyers who use the site to learn what people are paying for actual vehicles in their local area will not have the option of pulling up to three, guaranteed prices for autos--and directly connecting with those dealers. The new auto buying services come as part of a partnership with Zag, which operates online car buying programs. The partnership brings TrueCar--which is a spinout of Zag and also run by Zag CEO Scott Paitner--full circle.

TrueCar Licenses Auto Pricing Data

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Santa Monica-based TrueCar , the new car pricing data startup headed by Scott Painter, said Monday that it has inked a deal with automotive publisher High Gear Media , where High Gear will include TrueCar's data on its network of web sites. TrueCar said that High Gear will include its search and pricing services through sites like TheCarConnection.com , MotorAuthority.com and GreenCarReports.com , part of High Gear's network of web sites.

TrueCar Links Into Auto Websites

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Santa Monica-based TrueCar , the automotive pricing spinout of Zag Automotive, disclosed Wednesday that the firm has inked distribution deals with five automotive websites. TrueCar is using pricing data, derived from information gained from Zag's auto buying service, to show buyers the prices that people have paid to purchase vehicles within a local area. TrueCar said it is providing both HTML widgets and an API which sites can used to display its information.

TrueCar Tops 200,000 Cars Sold

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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 sales came via its more than 40 partner-branded Web Siets, which use the car pricing and sales engine powered by Zag.

TrueCar In Deal For Vehicle Data

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Santa Monica-based TrueCar , the online car pricing spinout of Zag Automotive, is expanding the depth of its vehicle data today, saying that it is licensing information on new vehicles from Chrome Systems, which is a part of DealerTrack Holdings. Financial details of the license deal were not disclosed.

TrueCar Taps Edmunds.com For VP

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The company said Cleckler will work on aiding in development of car pricing tools on the site. TrueCar is a car pricing site which was spun out of automotive software firm Zag; the firm is venture backed by Anthem Venture Partners, Global Retail Partners, and Capricorn. Santa Monica-based TrueCar announced today that it has snagged an executive from Edmunds.com for its new Vice President of Product Management.

Getting Started with a Two-Sided Market Business

SoCal CTO

Well chances are there are some partners or sites where you can get information on jobs today. In fact, if you do both, it’s called a Zig-Zag strategy.

Getting Started with a Two-Sided Market Business

SoCal CTO

Well chances are there are some partners or sites where you can get information on jobs today. In fact, if you do both, it’s called a Zig-Zag strategy.

SharesPost Launches Private Equity Marketplace

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Among the private shares that sellers are looking to unload on the site are shares in Facebook, LinkedIn, SolarCity, Tesla Motors, and eHarmony, the firm said. Among features of the site are private company research, escrow serviecs, and electronic signatures. Santa Monica-based SharesPost , a new startup out of Scott Painter's BrightHouse incubator, said Tuesday morning that the firm has launched on online platform which will match buyers and sellers of private equity.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

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The firm was originally known as CarsDirect, the automotive buying site of Idealab, and was headed by Scott Painter--who is now head of both Zag Automotive and TrueCar. Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets.

Interview with Greg Brogger, SharesPost

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If you look at the site, it's comprised principally of individual bulletin boards for private companies. We co-founded Zag together, and I was the COO of CarsDirect. Towards early 2007, Scott and I had taken Zag to a level of some measure of stability, and we were thinking about the next thing. Do the companies our your site agree to list with you, or how does that work--it seems you have a number of companies listed on the site already?

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Interview with Mark Suster, GRP Partners

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billion to Yahoo, we did CitySearch, we invested in the largest travel site in Europe, called LastMinute.com, and also CyberSource--a number of very early stage, Internet companies. You know Zag, herein town, and more recently our new car investment, TrueCar. This morning's interview is with Mark Suster , a venture capitalist at GRP Partners (www.grpvc.com).