10100

About

10100 (pronounced “ten-one-hundred”) is a venture fund and family office founded by Travis Kalanick, co-founder and former CEO of Uber, in March 2018 ¹². The fund was announced via Kalanick’s Twitter account on March 7, 2018, following his departure from Uber in June 2017 amid a series of controversies ¹³.

Note: Contrary to some accounts, 10100 is not associated with Marc Andreessen or Ben Horowitz. It is Travis Kalanick’s personal investment vehicle, funded with proceeds from sales of his Uber shares ¹². Kalanick’s net worth was estimated at approximately $4.24 billion by Bloomberg at the time of the fund’s launch ².

The fund was initially capitalized with $150 million of Kalanick’s personal capital and reported 15 employees at inception ⁴. The fund encompasses both for-profit investments and nonprofit initiatives focused on education and urban development ¹². The fund’s operating status has since been listed as “Closed” on some databases, as Kalanick’s primary focus shifted to running City Storage Systems / CloudKitchens as CEO ⁴⁵.

10100’s primary investment, City Storage Systems (CSS), received $150 million from Kalanick shortly after the fund’s launch, and Kalanick assumed the role of CEO of CSS ³⁵. CSS’s subsidiary CloudKitchens subsequently raised $400 million from Saudi Arabia’s Public Investment Fund in January 2019 at a $5 billion valuation ⁶⁷, and an additional $850 million in 2021 (including from Microsoft) at a $15 billion valuation ⁸.

Stated Thesis

Kalanick publicly described 10100’s overarching theme as “large-scale job creation,” with investments targeting real estate, e-commerce, and emerging innovation in China and India ¹². The fund’s nonprofit efforts were stated to focus on education and “the future of cities” ¹².

Kalanick stated upon launching the fund: “Over the past few months I’ve started thinking about what’s next. I’ve begun making investments, joining boards, working with entrepreneurs and non-profits” ².

The fund was positioned as investing in emerging markets, particularly China and India, with a focus on sectors that could generate employment at scale ¹⁹.

Inferred Thesis

Based on 7 verified investments, 10100’s actual portfolio reveals a thesis centered on asset-heavy, real-world infrastructure businesses rather than traditional software venture capital.

Sector breakdown (7 verified investments): - Real estate and proptech: 3 of 7 (43%) — City Storage Systems / CloudKitchens, Opendoor, Spotahome - Logistics: 1 of 7 (14%) — Kargo - Hospitality: 1 of 7 (14%) — Habitas - AI hardware: 1 of 7 (14%) — Luminous Computing - Food/ghost kitchens: 1 of 7 (14%) — FoodStars (via CloudKitchens)

Stage distribution: The portfolio skews heavily toward growth-stage and operating companies rather than early-stage startups. The $150M City Storage Systems investment was an acquisition of a controlling stake; Opendoor was a Series E; Kargo and Luminous were seed rounds.

Geographic focus: Despite stated focus on China and India, verified investments span the United States (City Storage Systems, Opendoor, Luminous), Indonesia (Kargo), Europe (Spotahome in Spain), and international hospitality (Habitas). The India and China thesis appears underrepresented in the publicly verified portfolio.

Investment approach: Kalanick’s primary mode is operator-investor — he invested $150M in City Storage Systems and then became its CEO, making it more of an acquisition than a traditional venture investment ³⁵. The remaining portfolio investments are smaller, more passive positions.

Notable pattern: Strong preference for marketplace and logistics businesses that mirror Uber’s model — matching supply and demand in physical-world services (ghost kitchens, trucking logistics, real estate transactions, rental housing).

Co-investor patterns: 10100 co-invested alongside General Atlantic, Sequoia Capital, Andreessen Horowitz, Coatue Management, and Saudi Arabia’s Public Investment Fund across its portfolio ⁶¹⁰¹¹.

Portfolio

This table represents the publicly verified portfolio. Additional investments may exist that have not been publicly disclosed.

In Their Own Words

Kalanick, upon launching 10100: “Over the past few months I’ve started thinking about what’s next. I’ve begun making investments, joining boards, working with entrepreneurs and non-profits” ².

10100’s stated mission centers on “large-scale job creation” through investments in real estate, e-commerce, and emerging innovation ¹.

No additional direct quotes from Kalanick about 10100’s investment philosophy were found in publicly available sources. Kalanick has maintained a low public profile since departing Uber and has given few interviews about his investing activities.

What Founders Say

No independently sourced founder testimonials found about 10100 as an investor. Kalanick’s involvement with portfolio companies appears to be primarily through City Storage Systems / CloudKitchens, where he serves as CEO and operator rather than as a traditional venture investor.

Sources