Travis Kalanick is buying a new company and will be CEO Former Uber CEO Travis Kalanick has found his new job. The controversial Silicon Valley entrepreneur is joining a startup called City Storage Systems that focuses on repurposing distressed real estate assets like parking lots or abandoned strip malls and turning them into spaces suited for new industries, such as food delivery or online retail. (Recode)
Start a company that signals the demise of parking lots....buy them up at a discount. Sounds like a good idea to me.
The company is focused on converting real estate once used for parking and industrials into food and retail services uses. Food and retail services? Don't we have enough of food and retail services already? I'm not grasping this idea as others are thinking this is the future...