Guess who’s getting into real estate investment? Travis Kalanick

The ex-CEO and co-founder of Uber announced his new fund via Twitter

Mar.March 11, 2018 01:00 PM

Travis Kalanick in 2013. (Credit from back: Pexels, Nick Youngson, Official LeWeb Photos)

Batten down the hatches: Travis Kalanick is getting into real estate and it’s sure to be a wild ride.

The co-founder and ex-Uber CEO announced the launch of his new investment fund that will handle his for-profit and non-profit ventures earlier this week and singled out a few industries, which included real estate, according to the Wall Street Journal.

The fund, called 10100, as in “ten one-hundred,” will manage Kalanick’s personal wealth, which is estimated by Forbes to be just below $5 billion. Its unclear whether he plans on taking external money.

Before the wild success of Uber, and Kalanick’s fall from grace as he was ousted from the company in June last year, Kalancik was involved in a string of businesses he founded. Here’s a look at how two of them fared with his hand at the helm, as reported by Business Insider.


(Credit: GIPHY)

The peer-to-peer search engine Kalanick dropped out of UCLA to found alongside classmates Michael Todd and Vince Busam ended in Chapter 11 bankruptcy after lawsuits to the tune of $250 billion were lodged against the start-up. Side note: Kalanick was receiving unemployment payments throughout his time working on the venture.

Red Swoosh

(Credit: GIPHY)

Kalanick co-founded the networking-software company with Michael Todd, however ran into trouble for reinvesting employees’ income taxes into the company. To keep the start-up going Kalanick had to move back in with his parents, but ultimately sold the company for $23 million to Akamai in 2007.

(Credit: GIPHY)

Then, in late 2008, the idea for Uber was born and the rest, as they say, is history. [WSJ, Business Insider] — Erin Hudson

Related Articles


Real estate stocks push up this week as U.S.-China trade tensions ease

Eric Gordon

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world

Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC

From left: RealPlus' Eric Gordon, Corcoran's Pam Liebman, Halstead's Diane Ramirez, Douglas Elliman's Howard Lorber and Brown Harris Stevens' Bess Freedman (Credit: Eric Gordon by Emily Assiran, Getty Images, Halstead, BHS, iStock)

Terra sells part of RealPlus stake to Corcoran and Elliman

Joel Schreiber (Credit: Shir Stein and Wikipedia)

WeWork’s first investor used his stock as collateral. Now his lenders are suing him

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

163 North 6th Street and the Tel Aviv Stock Exchange Bull (Credit: Google Maps, Wikipedia)

Joel Gluck’s Israeli bond issuance falls through as Williamsburg rental project faces financing crunch