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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]. Incubated by Clearstone Ventures in 2008. a fbFund winner.

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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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TrueCar Launches New Pricing Tool

socalTECH

TrueCar uses actual car sales data from local dealers to present car shoppers with information on the actual prices paid for new cars in their neighborhood. The company said the new Best Local Deals feature was specifically launched ahead of Labor Day, which is traditionally one of the largest volume car sales weekends during the year.

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Interview with Greg Brogger, SharesPost

socalTECH

Can you talk about a bit about BrightHouse, and how this company came out of that incubation effort? 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.

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