Published: Fri, March 09, 2018
Economy | By Shawn Conner

Travis Kalanick is starting an investment fund

Travis Kalanick is starting an investment fund

"Today, I'm announcing the creation of a fund called 10100, home to my passions, investments, ideas, and big bets", Kalanick tweeted.

To that end, he's been making personal investments in both for-profit and not-for-profit companies, and is creating this new fund to manage those ventures.

Travis Kalanick, who co-founded Uber almost a decade ago, was ousted from his ride-hailing company after a tumultuous period past year.

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Kalanick also said that the fund would undertake for-profit investments in real estate, e-commerce, and "emerging innovation" in China and India, as well as non-profit work focusing on education and "the future of cities".

Kalanick said his investments will center on large-scale job creation.

On Wednesday, Kalanick announced the creation of 10100 - pronounced "ten-one-hundred" - on Twitter, saying that the "overarching theme" of the fund's work would be "large-scale job creation".

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Kalanick resigned from Uber following a tumultuous period in which the firm was hit by several controversies and was accused of fostering a culture of workplace harassment and sexism, among other things.

Earlier this year, Kalanick partly sold his 10 per cent stake in Uber for around $1.4 billion.

Travis Kalanick is back in the news after a gap of close to a year when he was unceremoniously ousted as the CEO of Uber. The company was started by Dan Rodrigues, a longtime friend of Kalanick's. The former Uber CEO recently joined the board of medical office software company Kareo and has been personally investing in startups having backed ten U.S. startups. However, Uber's new CEO, Dara Khosrowshahi maintained that India remains a core market for the ride-hailing firm which will continue to aggressively invest and grow its share in the market. In the lawsuit, Waymo contended that former Uber CEO Travis Kalanick teamed up with ex-Google engineer Anthony Levandowski to steal LIDAR laser sensor technology.

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