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CarsDirect Targets Former Chrysler, GM Dealers

socalTECH

El Segundo-based CarsDirect , the online automotive shopping and information site owned by Internet Brands, said Thursday that the firm will offer free online used car inventory listings to the unfortunate Chrysler and General Motors franchise dealers who were recently terminated by those auto brands. READ MORE>>.

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Zag: "Strongest Sales So far This Year"

socalTECH

Santa Monica-based Zag.com , the online automobile buying service headed by Scott Painter, is reporting today that it had what is calls its "strongest sales so far this year" in June. The firm did not say what drove the growth, and did not provide any financial details on its sales or profitability. READ MORE>>.

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SharesPost: Sales In Escrow, New Research

socalTECH

Santa Monica-based SharesPost , which has created on online marketplace for sellers and buyers of private company stock, reported to its users late Friday that the firm now has sales of LinkedIn, Linden Lab, Tesla Motors, and SugarCRM going into escrow. READ MORE>>.

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Swagbucks Taps Shopzilla's Weinrot As COO

socalTECH

Weinrot also previously has served at such companies as CarsDirect, DIsney Online, and BonusMail (MyPoints). Weinrot had been heading up operations and business management for Shopzilla, heading up its marketing, product management, sales and operations functions. READ MORE>>. swagbucks shopzilla executive rewards prodege'

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

Both Sides of the Table

Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Company plans to use the capital to build out sales and marketing and r&d. -a Spread through word-of-mouth as the company has no sales team, all engineers. a fbFund winner.

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Want to Start a Technology Company in LA?

Both Sides of the Table

You can hire a talented head of marketing, business development, technology and sales. You need to for conferences, business development and often for sales. Scott Painter , founder of CarsDirect has created two new generation LA startups (Zag and TrueCar, both backed by GRP Partners). So it’s always a trade-off.

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

Both Sides of the Table

Look beyond California and you have group purchasing (GroupOn in Chicago, LivingSocial in Washington DC), private sales (Gilt Groupe in NY, HauteLook in LA), artisan marketplaces (Etsy in NY), eCommerce (Amazon in Seattle) and on and on. Scott Painter , founder of CarsDirect has created TrueCar (backed by GRP Partners).