The startup, now called Modal, has raised $5 million in capital from new investors, including Peter Thiel, Japanese dealer conglomerate IDOM, and Ally Ventures, the investing arm of national auto lender Ally Financial. Now, the three-year-old company is flush with a fresh injection of capital, high-profile investors and a new name that founder Aaron Krane says better reflects its broader vision and business plan. Unlike Carvana and Shift and other online used car startups that have emerged on the scene, this company is providing the “buy button” for dealerships and automakers by creating a native transaction layer within their existing webpages and stores. The retailer’s website might list all the cars, trucks and SUVs in its inventory, but there would be no way to actually buy one online.Ī digital commerce startup called Drive Motors jumped in to fill that void. Not that long ago, visiting the website of an auto dealership was a little like going to a store without a cash register. Rajaraman: So you’re one of those people who can’t go five seconds without checking their phone. My phone’s been buzzing all afternoon and I just have to finish this text message. I’m your host, Sunil Rajaraman and I’m joined by my cohost, Jascha Kaykas-Wolff.
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A Podcast about the Bay Area, technology, and culture. Sunil Rajaraman: Welcome to season three of This is Your Life in Silicon Valley.
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Tim is an architect of much of the modern social media monetization machinery, so you definitely do not want to miss his perspective on this important subject.įor access to the full transcription, become a member of Extra Crunch. Tim ran monetization at Facebook, and has very strong opinions on smartphone addiction and what it is doing to all of us.
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This week’s edition of This is Your Life in Silicon Valley features Tim Kendall, the former President of Pinterest and current CEO of Moment. Their guests include entrepreneurs like Sam Lessin, journalists like Kara Swisher and politicians like Mayor Libby Schaaf and local business owners like David White of Flour + Water. The goal of the podcast is to cover issues at the intersection of technology and culture – sharing a different perspective of life in the Bay Area. Rajaraman and Kaykas-Wolff started the podcast after a series of blog posts that Sunil wrote for The Bold Italic went viral.
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Rajaraman is a serial entrepreneur and writer (Co-Founded, and is currently an EIR at Foundation Capital), Kaykas-Wolff is the current CMO at Mozilla and ran marketing at BitTorrent. This is Your Life in Silicon Valley was originally started by Sunil Rajaraman and Jascha Kaykas-Wolff in 2018. We’re running an experiment for Extra Crunch members that puts This is Your Life in Silicon Valley in words – so you can read from wherever you are. Welcome to this week’s transcribed edition of This is Your Life in Silicon Valley.