Uber Co-founder Kalanick announces new venture fund '10100'

Cab-hailing startup Uber's Co-founder Travis Kalanick has announced the creation of a new venture fund named '10100' (pronounced ten-one-hundred). It is "home to my passions, investments, ideas and big bets," Kalanick said in a statement. With the overarching theme of job creation, the fund will also invest in emerging innovation in China and India.