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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]. Tags: This Week in Venture Capital.

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Zag Raises $11.1M More

socalTECH

Santa Monica-based Zag , the online auto buying software firm headed by Scott Painter, has raised $11.1M Zag is developing auto buying and configuration software used by groups such as the AAA, USAA, Overstock.com, and other groups to provide their members with pre-negotiated fleet and group rates on new automobiles. READ MORE>>.

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Zag Gets Investment From USAA

socalTECH

Los Angeles-based Zag , the online car buying software firm headed by former CarsDirect CEO Scott Painter, has scored an investment from financial services firm USAA , USAA disclosed Thursday. According to USAA, it is taking an equity position in Zag, which is also providing the firm with its car buying services. READ MORE>>.

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What Mattered in 2010: Greg Martin, Archer Venture Capital

socalTECH

This morning, we're sharing the insights of Greg Martin , a venture capitalist at Archer Venture Capital. I left a great firm, Redpoint Ventures (after 11 years), to start a new firm, Archer Venture Capital. What was the biggest news for you/your firm this year? 2010 was a momentus year for me personally.

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Zag: "Strongest Sales So far This Year"

socalTECH

Zag has previously received venture capital from such firms as Anthem Ventures, GRP Partners, the Tech Coast Angels, Capricorn Management, Capital One, and Arcturus Capital. The firm did not say what drove the growth, and did not provide any financial details on its sales or profitability.

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SharesPost Ties With Advanced Equities

socalTECH

SharesPost is the most visible startup so far out of BrightHouse, the business incubator founded by Greg Brogger and Scott Painter, who are also behind Zag Automotive. Tags: sharespost advanced equities private placement venture capital. Brogger and Painter put together the Brighthouse incubator to help spin out companies.

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SharesPost: Sales In Escrow, New Research

socalTECH

enabled secondary marketplace for shares in private companies, and particularly venture-backed, technology firms. Brighthouse is a technology incubator headed by both Brogger and Scott Painter, who also co-founded Zag and CarsDirect. Tags: sharespost brighthouse private company stock venture capital tesla facebook.

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