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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]. Offers virality optimization tools and A/B testing inside Facebook.
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 said the number comes less than a year from when it reached an initial, 100,000 car sales, which occurred earlier this year.
According to the company, the new site runs on Apple iPhone, BlackBerry, and other web-enabled mobile devices. TrueCar is a spinout of Zag Automotive, which is also run by Painter. 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. READ MORE>>.
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. Financial details of the deal were not disclosed. READ MORE>>.
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. READ MORE>>.
Using the social web to fill excess capacity that exists in nearly every business was one of the best uses of the web that I've seen. We've seen a lot of innovation come out of Los Angeles in the past few years, with Demand Media, Socialvibe, Zag, ShoeDazzle, Factual and many others. Great things will emerge there.
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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. READ MORE>>.
SharesPost, headed by Greg Brogger and incubated by Brighthouse, is looking to create a Web 2.0-enabled Brighthouse is a technology incubator headed by both Brogger and Scott Painter, who also co-founded Zag and CarsDirect. enabled secondary marketplace for shares in private companies, and particularly venture-backed, technology firms.
It’s really hard to zig when the whole world seems to be zagging. I continue to be excited about the Mobile Web (as distinct from the Mobile App). One of my favorite quotes I learned in high school was: “Nonconformity is the Highest Form of Social Attainment&#. It has always stood with me. I have had a low bullshit meter.
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. Given the advances in communications technology, and the Web 2.0 We came back to BrightHouse as an interesting possibility.
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