Thursday, March 8, 2018

"Uber Co-Founder Travis Kalanick’s New Investment Fund Targets Large-Scale Job Creation"

So, Mr.
"If we don't get the (autonomous car) software thing nailed, we're not going to be around much longer," 
-Travis Kalanick, CEO, Uber
"I love [self driving cars] all day long," he said. "The Uber experience is expensive because it's not just the car but the other dude in the car. When there's no other dude in the car, the cost [of taking an Uber] gets cheaper than owning a vehicle."

And when an audience member asked how drivers might feel about his dream of making them all redundant, he responded:
"I’d say ‘Look, this is the way of the world, and the world isn’t always great.’ We all have to find ways to change with the world."
-Travis Kalanick, CEO, Uber  

is all about the jobs now?

From Fortune:
Travis Kalanick, the founder and former CEO of Uber who resigned last year after a string of scandals, is back—and he’s looking to create jobs. Not just any old job though. Kalanick has created an investment fund to create “large-scale jobs.”

“Over the past few months I’ve started thinking about what’s next,” he said in a tweet on Wednesday. “I’ve begun making investments, joining boards, working with entrepreneurs and non-profits. Today I’m announcing the creation of a fund called 10100 (pronounced ten-one-hund) home to my passions, investments, ideas and big bets. It will be overseeing my for-profit investments as well as my non-profit work.”

The statement continues: “The overarching theme will be about large-scale job creation, with investments in real estate, ecommerce, and emerging innovation in China and India. Our non-profit efforts will initially focus on education and the future of cities. For anyone who wants to get to work, email me at”

Kalanick, who is worth about $4.24 billion, according to Bloomberg estimates, did not mention the size of his investment fund. Nor did he reveal any details about how many people, if any, are working on it with him....MORE