Ousted Uber boss Travis Kalanick returns. He’ll be developing parking lots.

SAN FRANCISCO — Former Uber co-founder and CEO Travis Kalanick accelerated his return to the business landscape Tuesday with a tweet announcing he would become the chief executive of a real estate-focused company.

Kalanick’s newly formed venture fund, 10100, pronounced ten-one-hundred, has invested $150 million in City Storage Systems, a controlling interest that will find Uber’s controversial former boss take over as CEO.

City Storage Systems is a holding company focused on redevelopment of distressed real estate assets such as parking lots as well as retail and industrial spaces.

Read Article at

Leave a Reply