Comments on: Canaan Partners Invests in MotorExchange, Used Vehicle Exchange Platform

By: Vinay

Vinay — Fri, 06 Aug 2010 04:24:26 +0000

Just doing a follow up. Does anyone know if this industry is getting any better organised? $5mill for a minority stake makes this overvalued IMO. With that sort of money, they should be looking at a brick and mortar presence with a fantastic retail frontage.
Online, at best, they can book opportunities for a verification report service (someone else is already doing it I guess).
Or they could run it as a B2B2C service where a guy who wants to exchange his car drives it in into motor exchange, obtains a valuation report, and uses it to bargain for his new car. He pays nothing to motorexchange. Motorexchange in turn ‘refurbishes’ the car and sells it to the equivalent branded used-car showroom that gives its new used car customer warranty, etc.

By: helengreen

helengreen — Fri, 23 Apr 2010 10:28:13 +0000

Though Canaan declined to disclose the exact investment details, it is believed to be in the range of $2-5 million for a significant minority stake
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New Nissan Cars

By: BigThumbsDown

BigThumbsDown — Thu, 17 Dec 2009 07:19:24 +0000

This is yet another “crony” investment by Canaan. Seemingly high profile team with a theoretical business plan.