Former Uber CEO Travis Kalanick launches new investment fund

Travis Kalanick, the co-founder and former chief executive of Uber Technologies Inc., announced Wednesday he is starting a new investment fund.

It a tweet, Kalanick said the theme of the 10100 fund “will be about large-scale job creation, with investments in real estate, ecommerce and emerging innovation in China and India,” and include a non-profit arm focusing on “education and the future of cities.”

Some news… pic.twitter.com/urFBrb9aCV

— travis kalanick (@travisk) March 7, 2018

Kalanick was ousted from Uber last summer after a series of scandals tarnished the ride-hailing company. In January, he reportedly sold almost one-third of his stake in Uber for $1.4 billion to Japan’s SoftBank Group Corp.

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