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CarsDirect Refreshes Website

socalTECH

In the latest makeover of one of the original, Web-based automotive sites, Los Angeles-based CarsDirect has updated its website. The site includes better navigation features, more research and in-depth specifications and reviews, articles, breaking automotive news, and more. READ MORE>>.

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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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Amazon.com Challenges SoCal's Automotive Sites With Amazon Vehicles

socalTECH

Amazon said it has launched a brand new, online car research site which is called Amazon Vehicles , which lets users search for specifications, reviews, images, videos, and more about both new and "classic" cars. Nearly all of the most popular automotive research sites have been based in Southern California. READ MORE>>.

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SharesPost Launches Private Equity Marketplace

socalTECH

Among the private shares that sellers are looking to unload on the site are shares in Facebook, LinkedIn, SolarCity, Tesla Motors, and eHarmony, the firm said. Among features of the site are private company research, escrow serviecs, and electronic signatures. READ MORE>>.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

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 firm changed its name to Internet Brands in June of 2005, and hit the markets with its IPO in November of 2007.

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Zag Adds Another AAA Group

socalTECH

Zag has now signed up 14 AAA motor clubs, and also provides its technology to Capital One Auto Finance, Overstock.com, and other sites. Zag is headed by former CarsDirect CEO Scott Painter, and is venture backed by Anthem Venture Partners, Capital One Auto Finance, GRP Partners, Arcturus Capital, Callaway Cars and the Skoll Fund.

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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. A demand side advertising platform which allows advertisers to bid on individual ad impressions in real time, based on the site and who would see it.

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