Travis Kalanick

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Travis Cordell Kalanick (born August 6, 1976) is an American billionaire businessman.

He is the co-founder of Scour, a peer-to-peer file sharing network; Red Swoosh, a peer-to-peer content delivery network; and Uber, a transportation network firm.

In 2007, Red Swoosh was sold to Akamai Technologies.

Kalanick is the co-founder and former CEO of Uber, a role he held from 2010 to 2017.

He resigned from Uber in 2017 after controversies surrounding the company's unethical culture, including allegations that he denied reports of sexual harassment at the firm.

With a net worth of $3.1 billion, Kelanick has ranked 238th on the Forbes 400 list of the richest Americans, with a net worth of $3.1 billion.

Early life and education

Kalanick was born on August 6, 1976, and he grew up in Northridge, California. Bonnie Renée Horowitz Kalanick (née Bloom) and Donald Edward Kalanick are two of Kalanick's children. Bonnie, whose relatives immigrated to the United States in the early twentieth century, worked in Los Angeles Daily News retail sales. Donald is a civil engineer for Los Angeles, Slovak-Austrian Catholic grandparents, whose grandparents immigrated to the United States from Graz, Austria. Kalanick has two half-sisters, one of whom is actress Allisyn Ashley Arms, and the other is a firefighter.

Kalanick was known to be ambitious and hungry to win in middle and high school. Kalanick went door to door for direct sales firm Cutco as a child. With the father of a classmate, he formed "New Way Academy" at 18 years old. Kalanick studied computer engineering and business economics at the University of California, Los Angeles, after graduating from Granada Hills Charter High School. Kalanick was a member of Theta Xi fraternity while studying at UCLA. He dropped out to work full time at Scour in 1998.

Early ventures

Kalanick and Michael Todd and Vince Busam left UCLA to work for Dan Rodrigues, a multimedia search engine, and the Scour Exchange, a peer-to-peer file sharing service. Kalanick was in charge of Scour's sales and marketing. He has referred to himself as a co-founder of the firm, but other co-founders have denied this.

Scour was strapped for cash and sought help from venture capitalist investors Ronald Burkle and Michael Ovitz after months of expansion. Negotiations were contentious, and Ovitz eventually sued Scour for breach of contract. Scour was coerced to sign unfavorable terms for the purchase, and Ovitz took over the company in a majority. The situation could sour Kalanick's image of investor-founder relations.

The Motion Picture Association of America (MPAA), the Recording Industry Association of America (RIAA), and the National Music Publishers Association (NMPA) brought a $250 billion lawsuit against Scour, alleging copyright abuse. Scour filed Chapter 11 bankruptcy to shield the company from the lawsuit in September 2000.

Kalanick, Michael Todd, founded Red Swoosh, another peer-to-peer file-sharing firm. Kalanick referred to it as his "venge business" against the MPAA and RIAA in the case that killed Scour. Kalanick's company model was that media companies would pay Red Swoosh to provide legitimate copies of media files like music and videos to consumers, and the organization developed technologies to make the transfer of such large files more possible. Kalanick had trouble obtaining funds as the business was established right after the dot-com bubble burst. As a result, Red Swoosh maintained minimal month-to-month cash balance, and by August 2001, some employees had gone months without a paycheck.

Red Swoosh used approximately $110,000 of the company's payroll tax withholdings to finance day-to-day operations in September 2001. There are conflicting accounts of what caused the call and the fallout that followed. Kalanick denied co-founder Michael Todd of making the decision without his knowledge, according to Business Insider in 2014, although Todd said it was a decision they made together. "A note in the paper stated that "an email sent by Kalanick at the time and discovered by Business Insider indicates his participation in the tax plan." Mike Isaac's column in the New York Times in 2017 said that Kalanick and Todd made the decision together, and that "friends and advisors" had warned Kalanick that using tax withholdings could result in tax fraud. Isaac's book Super Pumped wrote that an anonymous employee made the decision, for which Kalanick was blamed following the employee's departure from the company. It was only after being told it could be tax fraud, according to this version. A second round of funding provided enough funds to reimburse the Internal Revenue Service, and no one was ever prosecuted.

Todd left the company by the end of September the year after the incident caused a lot of tension between the co-founders and the company. Kalanick accused him of attempting to recruit himself and other Red Swoosh workers with Sony Ventures behind Kalanick's back. Kalanick jumped back into his parents' house in an attempt to save money, later claiming that it was "not getting women" because he "wasn't getting women." Although at Red Swoosh for more than three years, Kalanick is apparently going without a paycheck.

By 2002, Red Swoosh was down to only two people: Kalanick and former Scour engineer Evan Tsang. The company began to have a difficult time obtaining funds after a string of last-minute deals with various investors. Todd helped recruit Tsang to Google in early 2005, resulting in public indiscretion for the now burgeoning Red Swoosh and the cancellation of a potentially lucrative agreement with AOL. Mark Cuban, an American investor who became acquainted with Kalanick during a tumultuous exchange on an internet forum later this year, invested $1.8 million into the firm, prompting further investment from Cuban's contacts. Kalanick was able to recruit more programmers, but he and his application staff were in Thailand for two months around 2006. Akamai Technologies, a 2007 competitor, acquired Red Swoosh for $19 million. After taxes and moved to San Francisco, Kalanick made $2 million on the offer.

Kalanick used the funds he earned from the auction of Red Swoosh to make small investments in startups in San Francisco. He marketed himself as a "fixer" for startup issues, such as talking to investors or recruiting new employees. He invested heavily in tech startups, such as Expensify, Livefyre, Crowdflower, and Formspring. He began to view his Castro District apartment – dubbed the "JamPad" – as an informal salon for young tech enthusiasts, unsatisfied with only being an investor.

Personal life

Kalanick owns a townhouse in San Francisco's Castro District's upper hills, which was branded "the Jam Pad" and had its own Twitter account. Kalanick purchased a penthouse in New York City for $36.4 million in 2019. He bought a house in Los Angeles for $43.3 million in April 2020.

Gabi Holzwarth, a violinist from 2014 to late 2016, was dated by Kalanick.

Kalanick has been described as a committed libertarian and a fan of author Ayn Rand. Kalanick, on the other hand, supports Obamacare because it encourages Uber drivers, who work as independent contractors, to have health insurance while shifting between jobs.

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