Kalanick, who was pushed out as chief executive in 2017 amid revelations about the controversial business practices that accompanied the company’s stunning rise, will resign from the board of directors effective December 31 “to focus on his new business and philanthropic endeavors,” Uber said in a statement.
In March 2018, Kalanick announced the creation of a new investment vehicle, 10100, that will focus on both for-profit and non-profit ventures. The key areas of focus for the fund include real estate, e-commerce and innovation in China and India. The youthful Kalanick has been the personification of the go-go Silicon Valley disruptor associated with visionary entrepreneurship that upends traditional businesses, accompanies by unfettered growth.