CarWoo Promises Car Buyers Hassle-Free Quotes Online, Raises $4.2 Million
The Internet was supposed to make car shopping easier, Tommy McClung is explaining. Back in the 1990s, sites like Vehix.com, Cars.com, and Autotrader.com promised a future where you wouldn’t have to haggle with a salesman, and where you didn’t have to drive from dealer to dealer just to see who could offer the best price or who had the model and color you wanted in stock.
Well, it didn’t quite work out that way. The major car shopping sites, McClung argued to me yesterday, have turned into little more than lead-generation engines for car dealers, where shoppers are enticed into handing over their personal information and are promptly buried in spam and phone calls from pushy salespeople. “The industry has started to realize that they have created a disservice to customers,” McClung says. And it’s not like dealers are profiting either: McClung says they’re lucky if five out of 100 leads results in sale. At $20 to $40 per lead, that’s an expensive form of marketing.
I'm really enjoying my role as Y Combinator's Ambassador to the East (taking it so seriously, I'm in Laos right now!).
Most importantly, this entails engaging the startup community here on the east side of the U.S. As it turns out, lots of folks still have questions about what happens at Y Combinator.
Well, Harj (who started this founder-turned-YCer trend) and I will be visiting Boston & New York next week to host an open Q&A meetup for any and all startup founders interested in Y Combinator.
InDinero (S10) featured in the New York Times!
Within businesses, employees can share information over email, and through collaboration platforms like Yammer, Salesforce’s Chatter and others. But Q&A platforms like Quora have recently taken off as a centralized knowledge repository for a vast number of topics that is easily searchable. Today at TechCrunch Disrupt, Opzi is launching a Q&A platform designed specially for businesses.