“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.
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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.
Some news… pic.twitter.com/urFBrb9aCV
— travis kalanick (@travisk) March 7, 2018
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.