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Travis Kalanick kicks off another round of VC bashing: ‘1% are helpful’

CN
CitrixNews Staff
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Travis Kalanick kicks off another round of VC bashing: ‘1% are helpful’

Travis Kalanick certainly has had a love-hate relationship with VCs over his career. As the founder of Uber he was a VC darling, raising what was then an unprecedented roughly $15 billion in venture funding during his tenure. Then, a boardroom battle with key investor Bill Gurley of venture firm Benchmark led to him being pushed out in 2017.

Now, he’s back raising mega funds for his robotics company Atoms, which just nabbed $1.7 billion, led by Andreessen Horowitz, with Ben Horowitz joining the company’s board.

Originally reported by TechCrunch. Read the full story at the original source.