Scott Painter
FameRank: 6

"Scott Painter" is an United States/American investor and entrepreneur in the technology and automotive industries. He is the founder and CEO of TrueCar, Inc. a negotiation-free car buying platform and analysis company that creates a better buying experience for dealers and consumers.

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 is auto-retail and he was the founder and CEO of CarsDirect.com and Build-To-Order as well as having been an early adviser to numerous automotive businesses including Tesla motors. Painter regularly attends TED, All Things D, and is a member of the World Economic Forum, where he has both attended and spoken at Davos since 2011. In April 2014, Painter keynoted the Consumer Banking Association's Auto Finance Forum.

Painter is one of the first customers to reserve a seat on Virgin Galactic, the sub-orbital spaceflight company owned by Sir Richard Branson.

More Scott Painter on Wikipedia.

You get a certain amount of respect when you start accounting for 1,000 transactions a month.

The higher the interest rate, the more attractive leasing becomes.

The average dealer sells 50 [cars] per month. CarsDirect.com sells more than that every day.

Worse than that, if you are not changing the relationship the customer has, you are actually reinforcing the old system, giving them more leads through a new channel.