He will be making investments in real estate, e-commerce and innovation in China and India.
Travis Kalanick announced on Wednesday that he is starting his own investment fund. The former CEO of Uber, who only recently resurfaced publicly since his June 2017 ouster, wrote that he has been working on what his next move will be over the last few months.
To that end, he’s been making personal investments in both for-profit and not-for-profit companies, and is creating this new fund to manage those ventures. Kalanick wrote that the fund, called 10100, would focus on “large-scale job creation” with investments in e-commerce, real estate and emerging tech in China and India.
In other words, Kalanick will be keeping himself busy by financing and sitting on the boards of companies, at least until he finds his next full-time job. Fresh off selling almost a third of his Uber shares to SoftBank Capital, he certainly has cash to spare. That transaction netted Kalanick almost $1.4 billion.