Auto enthusiast and founder of Zag, Scott Painter, on raising $37.4 million In this segment, Bambi Francisco interviews Scott Painter, CEO and founder of Zag, an online auto-buying service that saves consumers money when buying cars. The Santa Monica-Cali. company recently raised $37.4 million, most of it coming from financial services behemoth USAA.(Here is the interview, partly edited.)  BF: How was the fundraising in this environment?SP: Fundraising takes a lot longer than most people realize. We were fundraising on this round for almost a year. There’s been a lot of the turmoil in the economy, and a lot of things that have happened in the automotive industry have really only happened in the last six months. So I think the fact that we got the financing done is a real testament and ...   [ Read more ]