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Travis Kalanick’s New Investment Fund is Focused on Job Creation in India

Bipasha Mandal
Bipasha Mandal
Bipasha Mondal is writer at TechGenyz

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Travis Kalanick may have left his position and work at the large ride-hailing company Uber, but he is certainly not done with Uber. Former CEO and co-founder Travis Kalanick announced today that he would start a new investment fund called 10100 which is pronounced as “ten-one-hundred”.

In these times when artificial intelligence is threatening the jobs of millions of employees in the technological areas, Travis Kalanick’s new venture investment fund, as he announced, will be on “large-scale job creation”. He said that the focus would primarily be “on large-scale job creation with a focus on real estate, e-commerce, and innovations from countries like China and India.” It will also see to the education of the future cities.

Travis Kalanick stepped down from the billion-dollar company Uber in July of last year, but it appears that he still remains one of the most influential members of the company since he controlled a large part of the board seats. This arrangement was part of his resignation deal. The current CEO of Uber, Dara Khosrowshahi, is facing a lot of problems since the company is facing one controversy after another, like the trade secret theft lawsuit and a cover-up of a massive cyberattack that exposed the information of 57 million riders and drivers.

Kalanick has not yet commented on the name of this new investment fund, 10100 creating suspense among his fans. Twitter is buzzed with speculations about the name, and we too are eager to hear the reason behind the ambiguous name. So, stay tuned for more Travis Kalanick’s 10100.


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