Uber Co-Founder Travis Kalanick Buys Out Firm and Becomes CEO
After announcing a capital investment fund called ‘10100’ on May 7th intended for investment in startups, Travis Kalanick, former CEO of Uber Technologies sacked by his company in June last year is back on track in the entrepreneur world.
My new gig... pic.twitter.com/vpD528cdyf
— travis kalanick (@travisk) March 20, 2018
Kalanick announced today that he has acquired a real estate company called City Storage Systems for $150 million. His first action after acquiring the firm was to install himself as CEO. The investment represents approximately 10% of his total wealth. In January, Kalanick sold $1.4 billion worth of Uber shares to SoftBank Group Corp.
City Storage Systems is a startup that focuses on redesigning troublesome real estate properties like parking lots or abandoned stri...