Almost a year after stepped down from Uber, one of the world’s most valued startups, Uber Founder and former CEO Travis Kalanick has announced his secon inning with his new investment fund 10100, pronounced as “ten-one-hundred. The new fund will be for his personal investments in startups, for-profit and not-for-profit work.
The theme of the fund, he says, will be large-scale job creation with a focus on real estate, e-commerce, and innovations from countries like China and India.
Travis made the announcement on Twitter adding that “Our non-profit efforts will initially focus on education and the future of cities.”
Some news… pic.twitter.com/urFBrb9aCV
— travis kalanick (@travisk) March 7, 2018
After being ousted from Uber, Travis has been working towards his next journey over the past few months and said that he has been making investments, working with several company boards as also engaging with entrepreneurs and non-profits.
The above news was first reported in The Verge.
It is to be noted that Travis is still a board member and stakeholder in Uber and his idea of turning into an investor comes shortly after reports suggested that he was looking to sell atleast one third of his stake in Uber. Travil will thus reap a whopping US$1.4 billion post that sale to Japanese internet giant Softbank and a consortium of investors who agreed to buy his equity valuing Uber at $48 billion, reported Bloomberg.
Notably, Travis has already made angel investments, from his personal capacity, in a quite a few startups globally including software firm Pantheon, social media platform Blippy, online artwork community Deviant Art and medical startup Kareo whose board he serves on as well, amongst others.
Prior to Uber, Travis founded Red Swoosh, an enterprise content delivery company that he sold to Akamai Technologies in 2007.