- Kalanick’s new fund called 10100
- Will invest in China and India
- Real estate, commerce and innovations investments
Travis Kalanick, the Uber founder who was fired from the company last summer, is starting a family office and fund called 10100.
The fund will focus on China and India, a note he posted on Twitter March 7 said. The areas for investment will be real estate, commerce and emerging innovations and “the overarching theme will be about large-scale job creation,” the note said.
Kalanick intends 10100 (pronounced ten one hundred) to be home to his ideas, big bets and his for-profit and nonprofit investments.
It is unclear how much Kalanick will set aside for investing and how much the investment amounts will be.
Expect to find Kalanick in early-stage, disruptive technology investing, an EMEA private equity manager said. “He will look for his unicorn there,” he said.
India and China have been challenging for Kalanick and Uber. In 2015, Uber’s main competitors in China, Didi Dache and Kuaidi Dache, merged and created Didi Chuxing. Uber China was acquired by Didi Chuxing in 2016.
Kalanick still serves on the boards of Uber and Didi Chuxing.
In India, the ride-sharing company Ola offers Uber stiff competition. Uber has also had to contend with car-ownership problems, smartphone unfamiliarity and patchy cell networks.
Earlier this year Kalanick joined the board of Kareo, a medical-office-software company. Kareo was founded by Kalanick’s UCLA friend, Dan Rodrigues, in 2004. Kalanick became an angel investor in Kareo in 2009.
In addition, Kalanick is an angel investor in Expensify, which makes it easy to report expenses; LiveFyre, a technology company that Adobe Systems acquired in 2016, and StyleSeat, an online platform to connect beauty and wellness professionals and clients.
Kalanick’s net worth is about $4.8 billion, according to Forbes.
Action Item: Read more on Kalanick’s new venture here: https://twitter.com/travisk
Uber’s Travis Kalanick speaks to students during an interaction at the Indian Institute of Technology campus in Mumbai on Jan. 19, 2016. REUTERS/Danish Siddiqui
Action Item: Travis Kalanick’s Twitter feed: https://twitter.com/travisk?lang=en