The serial entrepreneur shows no sign of slowing down.
Nearly a year after Travis Kalanick, the founder and former CEO of Uber, left the company, he has announced a new venture.
Publishing a statement on Tuesday via Twitter, Kalanick unveiled the 10100 Fund (pronounced “ten one hundred”), reports NY Mag:
“The overarching theme will be about large-scale job creation, with investments in real estate, ecommerce, and emerging innovation in China and India,” Kalanick writes. “Our non-profit efforts will initially focus on education and the future of cities.”
Explaining his vision further, 10100 is apparently investing $150 million (R1,77 billion) in City Storage Systems, “a holding company focused on the redevelopment of distressed real estate assets particularly in the areas of parking, retail and industrial”.
The tweet, below:
Upon closing the deal, Kalanick says he will serve as CEO:
CSS was previously known as CloudKitchens, and the core of its business was providing infrastructure and software for food-delivery apps that forego a front-facing space (remember Maple? It’s like that).
In other words, a kitchen in a warehouse and then an app that tells people where to deliver the food, no restaurant required.
And just when you though that sounds like an UberEats competitor, Uber’s CEO Dara Khosrowshahi announced that the food-delivery service would be partnering with Kalanick’s new venture.
Talk about going full circle.
[imagesource:here] Stories of flourishing cult-like businesses and their messianic lead...
If you like bubbles, then champagne is as good as it gets. Of course, you can only call...
[imagesource: YouTube / mrandrewcotter] Hello and welcome to another Thursday, with me,...
[imagesource:here] There isn't a country in the world that hasn't faced criticism for i...
[imagesource: Bondi Nation] Just in time for Earth Day (that's today, April 22), which ...