Today's Entrepreneur: Scott Painter

Kristin Karaoglu · June 27, 2012 · Short URL: https://vator.tv/n/27ec

No. 1 mistake: Understand the importance of financial reports, legal provisions...

Today's Entrepreneur is Scott Painter, founder and  CEO of TrueCar. TrueCar is an online automotive information and communications platform focused on creating a better car buying experience for dealers and consumers.

Scott Painter gave a keynote at Vator Splash LA in May 2012. For a great write-up of the keynote, check out Krystal Peak's  TrueCar CEO: "The last six months sucked ass"

Vator’s community is the home to entrepreneurs who embrace their passion and follow their dreams. Our profiles allow members to express themselves by sharing their interests, lessons learned, as well as bits and pieces of their roller-coaster journey.

These profiles give entrepreneurs an opportunity to showcase themselves and tell their story. So if you are an entrepreneur, a serial entrepreneur, or even an aspiring entrepreneur, we'd like to hear from you.

I am a(n):

Entrepreneur

Companies I've founded or co-founded:

TrueCar, Zag, CarsDirect, PriceLock, SharesPost, US Digital Gaming and more

If you are an entrepreneur, why?

I want to change the world.

My favorite startups:

TrueCar

What's the No. 1 mistake entrepreneurs make?

As a young entrepreneur I want to stress just how important it is to be literate about financial reports, legal provisions and other elements that come into the weight of raising money

(Want to be profiled? Just fill out your Vator profile and we'll find you! Or you can email newsroom@vator.tv)

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Kristin Karaoglu

Woman of many skills: Database System Engineer; SplashX event producer; Author of Startup Teams

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TrueCar Inc

Startup/Business

Joined Vator on

TrueCar, Inc. is an online automotive information and communications platform focused on creating a better car buying experience for dealers and consumers.  Consumers want a hassle-free car buying experience and dealers want high-quality sales velocity.  TrueCar helps achieve these goals by providing unbiased market information on new car transactions and by supplying an online communications platform through which dealers and consumers can communicate with each other.  TrueCar’s market-based information provides both consumers and dealers with an accurate and comprehensive understanding of what others actually paid recently for similar vehicles, both locally and nationally.  TrueCar’s communications platform then allows informed, ready-to-buy consumers to communicate directly with participating dealers.  Some of the nation’s largest and most well respected membership and service organizations rely on websites powered by TrueCar to help educate their members and customers who are in the automotive market.  TrueCar is headquartered in Santa Monica, CA, and has offices in San Francisco, CA, and Austin, TX.  After experiencing dramatic growth since 2006, TrueCar is developing a suite of products and services centered on radical clarity through the comprehensive analysis of market data and information.  TrueCar’s participating dealer partners have sold over 500,000 new vehicles to TrueCar users nationwide.

 

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Scott Painter

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Scott Painter has started nearly 40 companies – the majority in the automotive industry and has raised over one billion dollars from investors for his numerous entrepreneurial ventures.