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Santa Monica-based TrueCar , which operates a technology driven, car buying service, has inked a big deal with the AARP , the group which serves people age 50 and over. truecar aarp automobile buying program pricing price auto' Financial impact of the deal was not announced. READ MORE>>.
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.
Santa Monica-based TrueCar has filed for an IPO, saying Friday that it is looking to raise up to $125M on the NASDAQ Global Select Market as TRUE. TrueCar--which is led by Scott Painter--is backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, and Peppy Capital Partners.
Santa Monica-based TrueCar , the online automotive purchasing program and technology developer, has just topped 500,000 cars sold on its platform, the firm reported this morning. The numbers reflect some momentum to the firm's services, which took five years to sell the first 100,000 vehicles.
Santa Monica-based TrueCar , the auto pricing and sales company headed by Scott Painter, said late yesterday that it has sold its one millionth vehicle through its service, and that $31 billion in sales have gone through its network to date. TrueCar said that it saw around 400,000 sales alone in 2013. monthly retail vehicle sales.
TrueCar , the auto pricing and automotive buying technology provider based in Santa Monica, said today that it has been selected by the U.S. TrueCar said that U.S. TrueCar''s ClearBook tool provides used car valuations, based on actual used car sales data. publishing usnews clearbook used pricing buying auto truecar'
Santa Monica-based TrueCar , the online new car pricing and buying site, jumped in its IPO Friday morning, trading up 16 percent in early trading this morning. The company--the second technology company to have an IPO this year from Southern California--was trading around $10.47 per share late last night. READ MORE>>.
We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to hear what they're thinking about, and are sharing it here over the next two weeks. In your opinion, what events, companies, or people made the biggest impact on the technology world in 2010? Don't hire brilliant jerks.
What's the best way to encourage development of the technology industry in Los Angeles? The group said that it is hoping to promote the path of the current Expo line as a new technology corridor, to create new "innovation hubs" along the corridor.
Santa Monica-based TrueCar announced late Thursday that it has acquired a 20 percent stake in Accu-Trade , a provider of vehicle apparisal technology. TrueCar said that it will use Accu-Trade to power its TrueCar Trade platform, which will offer up user-friendly, real-time valuations for consumers trading their cars into dealers.
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).
Earlier this week, Deloitte released its latest list of the top 500 growing technology companies, in its 2012 Technology Fast 500. 1366% Carlsbad Hany Massarany 99 TrueCar, Inc. 381 Life Technologies Corporation 195% Carlsbad Gregory T. Flatley 412 NEOGOV 177% El Segundo Damir Davidovic 413 Maxwell Technologies, Inc.
The consumer product they’ve created is called TrueCar. Danish VOIP technology company founded in 2006 by entrepreneur Tanveer Sharif. While Zag is not a dealer if you measured it in terms of cars sold it would be in the top 5 auto dealers in the country. And it carries no inventory. Total raised: $10.5mm. See: TechCrunch.
Santa Monica-based automotive technology platform TrueCar Inc.’s s sales tumbled as supply chain issues rocked the company, according to its third quarter earnings report.
And we’re left with a city with idyllic weather, major commerce, the media center of the world, and a great emerging technology scene. But we have a great city for building technology companies. You can find very talented technology executives. But we do have great technology developers. You don’t.
Santa Monica-based car buying technology and marketplace operator TrueCar said this morning that it has rolled out two new, television ads featuring dogs in cars, and the voice of Wen Wilson. TrueCar said its first spot is called "True Love" , and focuses on the "love affair between dogs and cars". READ MORE>>.
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.
The Los Angeles winners of the Deloitte Fast 500 ranking of fastest growing companies was announced last night at an event at Santa Monica's Shutters on the Beach, with 26 companies recognized in the overall 2011 Technology Fast 500, and three "Technology Rising Stars" recognized in the Los Angeles area.
Santa Monica-based TrueCar , the online car pricing site--which has made its name from revealing the full pricing details behind local car purchases--said this week that it had acquired a brand, new domain-- True.com. Taking a gamble on finding a good domain name is not a new business in Southern California''s technology industry.
Other finalists were Clicker.com , Truecar , and Zumbox. ShoeDazzle.com , the online e-commerce startup headed by Brian Lee and whose co-founders include Kim Kardashian, scored top honors in the Best venture funding in digital media/e-commerce category.
VentureNet, which is put on by the Technology Council of Southern California, included keynotes by Kelly Perdew of Rotohog and Zorik Gordon of ReachLocal, plus capital presentations from Cyber-Rain, FlipGloss Media, Viewdle, Social Approach, Ad.ly, Zadspace, RightSignature, Cogi, YouMail, ExpenseBay, AffordIt.com, SharesPost, and TrueCar.
billion was invested across Southern California''s technology industry. Other large deals included United Capital Financial Partners ($38.0M); Achates Power ($35.2M); TrueCar ($30.0M); and JustFab (also $30.0M). For the year, a total of $2.51 in the quarter and social media darling Snapchat raised $50.0M.
Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. When you begin to peel back the onion some surprising data presents itself.
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>>.
Los Angeles based Savings.com was 135, with 2,077% growth; San Diego's ServiceNow was 260 at 1,240% growth; and Santa Monica's TrueCar was 480, with 721% growth in the last three years. 5000 firms by revenue were two, privately held Southern California firms -- Fountain Valley's Kingston Technology , with $6.5 READ MORE>>.
Trinidad previously served at Google and Discovery Networks; Wilkinson was previously a venture capitalist at Exponential Partners--one of Fair's early investors; and Pierantoni was previously Chief Accounting Officer and Chief Financial Officer at TrueCar. READ MORE>>.
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. The move is an interesting one, given the number of Southern California technology companies trying to go the other direction, and to hit the public markets.
According to the firm, the new fund will target early-stage technology investments, and will split half of the dollars in the fu between Los Angeles and the other half in investments nationally. Upfront''s most recent successful exits have included Maker Studios, TrueCar, Gravity, and Burstly. READ MORE>>.
We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to hear what they're thinking about, and are sharing it here over the next two weeks. Yesterday, we heard from Scott Painter of TrueCar. Who are the people here you think will most influence the technology world in the coming year?
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.
500/5000 list, highlighting a number of Southern California, technology related firms in its listing. in revenues), TrueCar at number 209 (1,407%, $16.6M), RealD at 347 (843%, $149.8M), and San Diego's Covario , at number 420 with 704 percent growth and $15.3M Business magazine Inc. has released its annual Inc. in revenues.
Los Angeles-based Fair --a technology-enabled startup which lets people get access to a car with none of the traditional limitations and handcuffs of a lease--is making it even easier for people to get a car through its service, saying it has started to let drivers choose how much they want to spend each month for a vehicle. READ MORE>>.
Painter has a long history in Southern California's technology industry, and previously founded such companies as Fair, TrueCar, SharesPost, and others. The funding came from such investors as Reid Hoffman and Mark Pincus, per the leaked email.
GRP Partners--which has invested in such successes as Overture, CitySearch, BillMeLater, DealerTrack, and others, and is currently an investor in Maker Studios, TrueCar, Burstly, and others--said it decided to change its branding as venture capital has changed.
We''re proud to announce the Socaltech 50 , our list of the 50, up-and-coming people in Southern California''s technology ecosystem. Getting to this list was not easy: we received over 700 nominations for people to be considered on the list, and it took a lot of work by our selection committee to whittle down the list to the finalists.
Williams was most recently at TrueCar, where LootCrate said he created the unified data platform and technology strategy behind the company. Williams also has served at Preventsys, where he was Chief Technology Officer and co-founder. Downey Ventures, M13, and SterlingVC.
After that you could tell that Greg was really “all in” on the LA technology community. In 2011 the company was sold to Nordstrom for $270 million in a deal that has been widely seen as a success for both buyer and seller. Like any firm we of course invest in the San Francisco Bay Area where 33% of my personal boards are.
In recent months, a dozen accelerators and incubators have emerged in the Southern California area, looking to help take the new generation of technology startups to funding and beyond. Representative companies: Zag, Pricelock, TrueCar, ListSpinner, Zig, RealFinancial, SharesPost. Both incubates its own. Brighthouse. Funding: Yes.
The event attracted over 500 distinguished attendees from around the world in the digital media and technology industry including advertising, media, data, eCommerce, software, social and gaming. Presenting companies included: Add This, Cognitive Networks, TrueCar, Trunk Club, Invidi, ID.me, Datacratic, BeyondCORE, ParkMe and many more.
Painter, who was previously CEO and founder of TrueCar, and has a long history in the automotive purchasing and financing industry, sat down with us to discuss Fair, what he learned at TrueCar, and how he hopes Fair will transform the auto industry. What lessons did you learn from TrueCar, which are you are applying here?
Last year, we compiled our first list of the socalTECH 50 : our attempt to pick fifty people here in Southern California''s technology industry who represent some of the best of what the region has to offer, and which we though people ought to keep an eye on.
A new, Los Angeles startup, Pingo Solar --backed by technology veterans Jerry Slavonia, Kang Ahn, and others--said it is about to launch a new service to provide more transparency to the solar industry. Not sure if you're getting the best price on your new solar power system?
I’m just not sure you can build a great technology firm outside of Bay Area.&#. In Silicon Valley you have mega venture capital funds who have a history of giving $20 million to early-stage technology companies hoping to swing for the fences and become the next Google, Facebook or Twitter. You just don’t. Get over it.
Local exits: TrueCar, Gravity, Maker Studios. a month, and which gives you access to this information, company profiles, contact names, and much more for local technology companies, venture investors from around the world, private equity, angel investors, and many others. Upfront Partners - 11 deals. Greycroft Partners - 10 deals.
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