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

Both Sides of the Table

He didn’t tell it in the video but, ever the entrepreneur, Scott started a business to take couples up on a “mile high club&# flight on airplanes as a way of getting all of his miles logged to get his next class of airplane license that required a certain number of hours logged. It’s part of what makes him so likable.

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Want to Start a Technology Company in LA?

Both Sides of the Table

We have many seasoned entrepreneurs who have built successful companies here and made a lot of money for investors and themselves. I like to repeat the mantra, “necessity is the mother of all invention,&# meaning that because investors have this expectation you find entrepreneurs that focus on nearer term monetization.

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Sponsor post: Discount to tomorrow's DFR, and win a ticket to digiday:APPS

socalTECH

Join us as we kick off the holiday season in grand style and bestow the Digital Family Outstanding Achievement Honor on Scott Painter, Founder of CarsDirect and Entrepreneur. Tell a friend, and purchase your ticket at www.digitalfamilyinc.com. Use discount code: DFR30 to receive $30 price. Win a ticket to digiday:APPS.

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

Both Sides of the Table

We were talking about a company, Factual (disclosure my firm is an investor), which was founded by one of LA’s most talented Internet entrepreneurs, Gil Elbaz , who as co-founder of Applied Semantics (purchased by pre-IPO Google for $102 million and now Google AdSense) is responsible for a large portion of the Internet’s monetization.

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Interview with Greg Brogger, SharesPost

socalTECH

I became general counsel, an investor, and an entrepreneur, and played a bunch of different roles at companies--so I know security laws intimately. We co-founded Zag together, and I was the COO of CarsDirect. The way sales are handled is as old as the 1930's securities laws. Are you transacting sales through the site yet?

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