SOURCE OF WEALTH: Uber, City Storage Systems
FUNDING AREAS: Education, Cities, TBD
OVERVIEW: Travis Kalanick recently launched 10100fund, which engages in nonprofit and for-profit work. Its initial nonprofit work will work on education and the future of cities.
BACKGROUND: Travis Kalanick attended UCLA, dropping out in 1998 to work on Scour, a peer-to-peer file sharing application he cofounded. Kalanick launched ride-hailing giant Uber in 2009, stepping down as CEO in 2017. He is now CEO of City Storage Systems, a holding company focused on redeveloping distressed real estate.
ISSUES:
10100: Kalanick founded a fund called 10100, the site of his “passions, investments, ideas and big bets.” It will oversee the tech entrepreneur’s for-profit investments as well as his non-profit work. 10100’s overarching theme will be about large-scale job creation, with investments in real estate, e-commerce, and emerging innovation in China and India. The fund’s nonprofit work, meanwhile, will initially focus on education and the future of cities.
OTHER: Kalanick has supported Metropolitan Museum of Art.
LOOKING FORWARD: Only in his 40s, Kalanick is still very much engaged in business. His emerging giving through 10100 should be watched carefully. He takes up residence in Los Angeles, a potential site of future giving, along with the Bay Area.
LINK: Travis Kalanick Twitter
