Travis Kalanick, the controversial co-founder and one-time chief executive of Uber is launching a new investment fund called the 10100 Fund.

According to an announcement on his Twitter account, the new fund will focus on “large-scale job creation”.

Investment areas are to include real estate, e-commerce, and emerging innovations in China and India.

It’s the systemization of work that Kalanick had been conducting quietly with boards, non-profits, and through investments in young companies.

It’s likely that Kalanick will invest in startups in that magic number between 10 and 100 employees (the magic growth stage for startup companies).

We’ve reached out to Kalanick for comment and will update this once we hear back.

 

Featured Image: Wang K’aichicn/VCG/Getty Images





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