Scott Painter is the founder and CEO of TrueCar and oversees day-to-day operations and the strategic direction of the company. He also chairs the Board of Directors. Mr. Painter is a serial entrepreneur having incorporated 37 companies and having raised over $1.25 billion in debt and equity capital for those businesses over the last 20 years. His primary focus and passion is auto-retail and he was founder and CEO of CarsDirect.com and Build-To-Order as well as having been an early advisor to numerous automotive businesses including Tesla.
Mr. Painter was an Army interrogator and then attended West Point where he studied political science and systems engineering. While at West Point he served as class president before transferring to UC Berkeley where he studied political economics. Prior to graduation he dropped out to sell his first auto-related start-up, AUTOAccess, an electronic database of used cars for sale. Mr. Painter has been an IdeaLab CEO and an eCompanies CEO. His other ventures include Advertise.com, SharesPost, PriceLock, CarsDirect.com, US Digital Gaming, Zag.com and Brighthouse.
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.