Former Uber CEO Kalanick to Start Fund Called '10100'

Share on Facebook Tweet Share Reddit Comment
Former Uber CEO Kalanick to Start Fund Called '10100'
Highlights
  • Theme of fund to invest in real estate, e-commerce, and innovation
  • Fund will oversee for-profit investments as well as non-profit work
  • It will also focus on education and future of cities

Travis Kalanick, the former Uber chief executive, announced on Wednesday in a Twitter post that he is going to start an investment fund called 10100.

The overarching theme of the new fund, pronounced "ten-one-hundred", will be to invest in real estate, ecommerce and emerging innovation in China and India, Kalanick said in a tweet.

The fund will oversee for-profit investments as well as non-profit work and focus on education and future of cities, Kalanick said.

Twitter was abuzz with speculation behind the meaning of the new fund's name.

One user suggested that it could be a reference "Googol" or "10 to the power 100."

Kalanick was not immediately available to respond to additional queries regarding his new venture.

Kalanick, co-founder of the San Francisco-based ride-hailing startup Uber, resigned in June under pressure from investors after a string of setbacks.

© Thomson Reuters 2018

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and subscribe to our YouTube channel.

Further reading: Uber, Travis Kalanick, China, India, 10100, Apps
Apple Finds Supplier Problems as Its Audits Expand
Facebook Removes, Then Restores Anti-Immigrant Video in Hungary
 
 

Advertisement

 

Advertisement

© Copyright Red Pixels Ventures Limited 2019. All rights reserved.