Published On: Thu, Mar 8th, 2018

Travis Klanick’s Comeback: Launches Investment Fund to Focus on China and India

The deposed Uber announced the establishment of a new fund named 10100 (Ten one hundred) - the address of Travis Kalanick childhood home

Travis Kalanick

Travis Kalanick, the ousted founder, and CEO of Uber announced Wednesday on Twitter that he’s started a new investment fund called 10100.

“Today I am announcing the establishment of a new fund called 10100 (Ten one hundred) – a home for what I like, for investments, ideas, and great gambling,” Kalanick wrote on Twitter.

The fund, pronounced “ten one hundred,” after the address of Kalanick’s childhood home, will invest in large-scale job creation projects, focusing on real estate investments, e-commerce and innovation in emerging markets such as China and India, which will focus on education and future urban planning.

 

 

Kalanick resigned from Uber in June last year on charges of aggressive behavior on his part and intellectual property claims against rival Waymo. The company also faced accusations of toxic corporate culture that resulted in widespread sexual harassment and gender discrimination. Kalanick ordered an investigation into the matter before leaving.

Since retiring as CEO of Uber and after the compromise between Uber and Waymo, the transportation company was forced to make a change in its image and reputation under the new CEO Dara Khosrowshahi.

Earlier this month he joined the board of the Medical startup company Kareo. This is his first public appointment since he resigned from Uber.

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