Praveen Neppalli Naga, Uber’s chief technology officer, revealed the plan in an interview at TechCrunch’s StrictlyVC event in San Francisco on Thursday night, describing it as a natural extension of a nascent program the company announced in late January called AV Labs.
Kevin Carter has invested in over a thousand companies, dozens of which have gone on to billion-dollar valuations. He says venture capital is not right for every business.