YouSaid · the spoken record

John Chambers

lines on the record: 109
first: 2018-10-10
most recent: 2018-10-10
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“And they have a national digitization policy. They have AI being very important just like the internet. And they make it a national policy to lead here and they remove the roadblocks for that happening, including some roadblocks on intellectual protection, which is very important to maintain. But the internet, we maintained our leadership on in the U.S. because we moved very rapidly and we created a win-win relationship with China. We need to do the same thing on digitization. But this requires technology leaders to be a part of every”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Now, you hit a different issue. The issues about technology leadership, you've got to have a national policy, and they clearly do.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“We've got to be fun. The neat thing is, I think it's the best thing that's happened to India since Gandhi. And if India can increase their standard of living But which other country are you going to bet is going to double their per capita income every 10 years for the next two to three decades? India. I'm not”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“So currently in China, I think unfortunately it's developed into win-lose mentality. China during my lifetime has largely been a win-win partner. You had to negotiate top but a win-win. In the last 10 years, it's really lost that relationship with the US to where it's been lost for the U.S. and a win for China. We have to get back on a win-win. And we've got to find a way that it benefits both countries.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“No, I knew they'd be innovative immediately because at Wang Laboratories, when we put in Wang Mini computers in China, everybody would read the books even if they had nothing to do with many computers. I knew they'd be our biggest. Potential partner or challenger on a global scale. So”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Well, China, I probably know as well as most of your visitors. I was part of Wang Laboratories, as I said earlier, which was a Chinese company in America. Dr. Wang, the most brilliant man I ever met. And he was Zhangzi Men's roommate. The person who was president of China was fun. So I got huge access. I mean, it's the same class group. I got huge access to Chinese leadership. And I bet you talk about market transitions. And Kara, I have a lot of weaknesses, but I get market transitions right. I listen to customers and I place my bets usually in areas that end up being right because of crowdsourcing and data collection. I bet on China in 1995.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“They had a leader at the top, actually two, Halan started it, but Macrone took it to a whole new level. But the citizens were ready. The citizens realized that startups are going to be the future. If you would have gone to Polytechnique, their equivalent of Stanford or in MIT and ask them seven or eight years ago, are you going to go into government of big companies, 90% of the students would say government of big companies? Sure. When I lecture there now with the Secretary of Defense from France, we talked about startups. And now the majority of people Polytechnique are going into startups. And we have to get that energy back as a country. We control our destiny, still have 50% of the venture capital in the world, still have the role models and the training. And we can scale quicker than anyone else. But we've got to understand continuing to do the right thing too long. Do you look at what's going on?”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“I've been through this. Yain, basically, with the internet, it was going to destroy a lot of jobs, and we focused on how does it create more. We focused about how business and government, regardless of political party, could work on common objectives. I was in China in the mid-90s in one of their talk show hosts, and she said, people are addicted to the internet and look what you're doing to our children. I mean, that was out of left field. But the issues were the same. And we said, here's how we do the legitimate balance. And this is where, even though I come from a conservative basis in terms of my attitude toward job creation, et cetera, this is where I think all parties have to come together and say, we're going to change. So it requires the citizens. Why did France change?”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Quebec has moved from the in the 90s with the internets to tech is good for everyone and every government leader, Democrats, Republicans all agreed and with TechNet, John Door and I founded it. And for 20 years when we went to Washington, we were trusted by all sides. Still, TechNet is. Within that, but we've got to be very careful. Tech isn't just about making profits or doing what's right for your company. Citizens and governments have very legitimate concerns. And if you don't address, if we're going to destroy jobs, how do you create them? Cisco with network academies created 7 million students trained on this over 20 years. And we focused on each country on giving back. I think tech has to get back to the basis.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Steve has the same concept. He's just doing it a different way, and I applaud what he's doing, and I know you know him very well. But we have to have business leaders step up to this. I would challenge the big companies you just mentioned. Why not take a certain amount of their tremendous wealth and give it back to society in startups in all 50 states? And take a couple of states and sponsor them. I'm going to do that with Western Virginia. I'm pacifying.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“All right, scratch is you make India successful, you make France successful, you say the U.S. should follow that model. We're no longer the leaders. Secondly, you get both political parties on this issue to put aside their differences and say everyone should care about startups in every 50 states. What do we need to do it? I think you need to have examples in business, and I intend to be a role model, and we'll see if I can earn that trust or not. Instead of doing startups in Silicon Valley where Karen, it's much safer for me to do because I can backchannel every person I hire. I know all the venture capitalists. I get thick of the litter for every company I go into in spatial terms. I'm deliberately doing it across seven states now in India.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Well, this is where I think we've got to have all sides are equally responsible. Democrats and Republicans have to bring this together and have a common goal. And the neat thing is Kara, who in America can disagree with job creation with small business. Of course.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“It needs to be owned at the top, but also both parties have to come together. Right. If the first country to digitize was Israel in all three political parties came together. Shimon Perez, a prior friend of yours, great friend of mine, miss him every day. And Netanyahu said, this is in our best interest to do it. And they digitized their country. 420,000 jobs, et cetera. From the top.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Manufacturing center. And here's his plan to get there. France did the exact same thing, even though Macron and Modi come from opposite sides. I am the Global High Tech Ambassador for France. Can you imagine the U.S. having a German or a French person responsible for technology ambassador here? It gives you an idea how to box these people.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“We'll see, but you know, it's like any short income. Well, what he's done has been amazing. Absolutely. And then the key is every company gets knocked down. The key is how when you get knocked down, how do you get back up? And then it took Uber seven years to pass Tesla. The next company will change in three to four years. So it's the speed of change that we have to get used to. And that's where you need a replicatable process. Other countries are saying this is where my digitization strategy is going. Use Modi as an example in India. 1.3 billion people, he's got to generate 1.2 million new jobs per month. And he has the courage to outline digital strategies for his country, and I'm honored to be his advisor on this. And it means two to four percent extra GDP growth. It gives him a chance to add 1.2 million jobs per month. Think about that number. It gives them a chance to do it with smart cities. They have to become a startup nation. They have to become a manufacturer.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“All right, so let me parallel it. It's a great question. Let's look at the internet strategy that occurred. I had the honor, and I'm speaking to my age now, on being at the White House for President Clinton when we announced the Internet error and said, this will change our country and to his tremendous credit. Even though he's a Democrat, nobody can be perfect, nobody humor for the Californians here. You'll get used to it, Kara. My humor hasn't gotten any better. We outlined what it could do for the country. And fast forward eight years, 22.5 million jobs. The last time America got a raise other than they're starting to this year was in that period where the average family income went up 24% and the economy grew 34%. With digitization, you can do the exact same thing.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Top engineering school, in my opinion, in Europe, is the best source for engineers, for American companies today. And then they have creative ideas like School 42 that is a private, tuition-free nonprofit organization that is starting to re-crank out engineers. And while it's very mixed, do you take those high quality engineers, as I talked to one of the startups today, they are a source as good as polytechnique. And you see other countries moving. I think we've got to have the courage to do this differently. And if we're waiting to take companies public, we've got to find a way of growing them faster to create the job.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Economy speaks for itself. And it was way overdue. And it wasn't perfect. Of course not, but at least it was a great start. And we're bringing back money and investing it back in America. You can't argue with the results on that. But that was a transaction. We need to say, how do we change our education system? How do we have the courage to make changes that other countries are already doing? I go back to France. France with polytechnique.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“A government has to create a good first step on the tax policy. And Carrie, you know, I was the poster child in Washington for, what, 17 years trying to get tax policy changed that hadn't changed since Microsoft became a company. And so that was a good first step. The second step.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“You said it very well. I think we're focused on my parents were doctors, what I'd call symptoms, as opposed to underlying issues. We've got to become a digital nation. We have to have a national digital policy. We've got to become a startup nation again. We're losing it rapidly. That heat is being turned up on the frog in the pot, and we don't even know we're getting cooked.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Basically, you try to bring the country back together and you have the courage to lead, make very bold projections about what can be done. You can imagine saying in Europe, France will become the startup nation in Europe, but at the time it's the worst place in Europe to do business. In three years, they are. The U.S., once we decide, put a person on the moon, we can do it. And both parties should come together. It's about job creation. It's about equality. It's about all 50 states.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“No, I don't think so. I know the Republicans will, and I know the Democrats will. I'm a moderate in this environment. So what are you doing?”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Yes, I am. But also understand, I think the definition of Republicans and Democrats is really blurred. I'm after a country where you just do the right thing for the country, that you do the right thing for all citizens, inclusive of all citizens, for all states, et cetera. And my basic philosophy, and I try to teach this to startups, is one of your core values should be just do the right thing. And so I'm a person that brings in social equality in all ways. My Republican counterparts would call me liberal on that. I would just say I'm in touch with the world and exists. And yet I believe hugely in the value of business creation and job creation working together on it. So what are we missing?”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Republicans are these days. Okay, well, let me go in reverse order. Okay. I support as many Democrats as I do Republicans. Okay.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“I know that's a very provocative question, and I will answer it very square. No CTO. Karen, I love you. I know you're curious.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“He's the author of Connecting the Dots Leadership Lessons at a Start World. We're talking about where startups are now. So talk about the things, and then I want to get up to your leadership lessons. Sure. What can the government do right now? Assess this government right now. Or the past two administrations. This one doesn't have almost any interest in that, from what I can tell.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Coming out of startups today. When you have a spark cognition partnering with a Boeing, and Boeing's a very innovative company, but they're doing a 50-50 joint venture on the next generation of unmanned aircraft and how you do the systems to maintain this. A company with 200 people down in Texas. Or there's another company in New York that basically does artificial intelligence. And all of a sudden, the biggest companies in the U.S. are working with that company on how they transform their business. They went from a million four run-rate last year to over $70 million this year. So I would actually argue that startups will be where most innovation happens and that as long as it's a level playing field, they can do well. Now, to your point, maybe venture capital will shy away from investing in an area that might be too direct with an Amazon or too direct for the Facebook, et cetera. But about the time that large players think they're invulnerable, they are very vulnerable.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Well, going in the reverse order, you're right that the number of companies are hesitant about going public. And there are a lot of reasons for that. First is they can get the Kaish on it. And the second is they don't have to put up a shareholder activist quarterly reporting. They can stay private for a longer period of time. Now, unfortunately for that, the employees don't benefit as much, and the average American who invests in stock market does not benefit. So this is not in our best interest. But secondly, don't let those numbers carry fool you. They're small compared to venture capital is down to 50% of the world's venture capital is here and now. Our number of unicorns have decreased by 20% of the world's unicorns, which are future job creators, et cetera. Our startup arena is anemic in terms of it, and it's primarily in six geographies where 90% of the U.S. venture capital goes into. So how do we change that as a country is very doable. Now to your second question, I've always loved taking on big companies. And with my startups, when I select which ones to do and I get to pick of the litter, you could argue do.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“So dominant that there's no room for anybody else. And why would you go public in a lot of these places? That's the other part is they have all this cash and they don't have to go public and they can wait to go public and why do it in the first place? Is there any benefit to it? All kinds of reasons like that.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“So how did that happen in the first place? I have some other theories about it, including having your theories. Go ahead. That there's five giant companies going down the highway like semi-trailers, and nobody could get past them now because they don't compete with each other, really. I wouldn't say Amazon, Apple, Google, and Facebook are competing with each other at all, practically. They're sort of splitting up the pie in certain areas, and that there's no room for startups to go around them in any way. And the government can't do anything about it because it's not Microsoft like in the old days that you can target one company. But individually, they're all...”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“I'm not so sure I would agree. So just giving you the numbers, the US used to have 90% of the venture capital 20 years ago, 10 years ago, 80% today is 50%. The number of IPOs going public New York Stock Exchange or NASDAQ will be a little bit over 200 this year, up slightly from last two years. In the mid-90s, when we created 24 million jobs in eight years, there were 750 companies going public per year. So it needs to be a national policy and we need to drive it. Every other country in the world, their top government leaders and their political parties on both sides are focused on how do they digitize their country, understand the downside from it because it will destroy a lot of jobs, how the education system has to change, and startups and small companies getting bigger will be where all job creation. So how does those...”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“But regulations on startups and how difficult it is to become public, et cetera, and maybe even short-term mentality of investors, including VCs and stock markets”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Why is it that we didn't? Why is it that it didn't? Because the internet was started, as you know, by the federal government. Tech has been largely unfettered from a regulatory point of view for most of.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“I mean, Macron outlined it the minute he became president of France, Modi did three and a half years ago. They tied it to GDP growth, job creation, startups, and they are tripling and quadrupling the number of companies they have.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“If you put them in the boiling pot of water, they jump right out. The rest of the world is jumping out to a new level of innovation. They're setting audacious goals of digitization for their country. It doesn't matter if it's India with Prime Minister Modi, Macron in France. And they're setting startup innovation as a key plank. And they address it from everything from immigration to how they remove the regulation issues, and they're moving into speed much faster than the U.S. I never thought I would see this happen in my lifetime. I understood the concepts of a Silicon Valley at Texas and New York and the challenges to getting across the country, but I never felt the U.S. would lose its leadership this fast. So I think we've got to make it a national priority. We're the only country in the world without digitization strategy, the only one.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“That means we continued to think that we were the innovators and didn't realize that the global Landscape was changing rapidly and that to be an innovation leader in startups, it's got to be inclusive across your whole country, not just in Silicon Valley, Austin, Texas, and New York. It also means the government has to get out of the way. And we got so much put on us. I'm a West Virginia in my background. Most people have never hunted frogs, caught frogs, or ate frogs. But what you said in school is if you put a frog into a warm pot of water and you slowly turn up the temperature, the frog cooks.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“It's the right question. The answer is we kept doing the right thing too long. We assume we are entitled to continue to lead in Silicon Valley in this nation. I'm out of Boston 128, the interstate that goes around Boston. We were the high-tech center of the world. We couldn't even spell Silicon Valley in the 80s. And within two decades, there aren't any major high-tech companies there anymore. Same thing could happen to Silicon Valley. So the first thing is we kept doing the right thing too long.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“I want to get to that minute, but I was talking why do you think we've lost that? Because people think of Silicon Valley and the US as a startup culture, startup entrepreneurship. The greatest companies were started here from Cisco Google.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“I think we are no longer the leaders, but the concept of the book is how do you lead in a startup world? And it doesn't matter if you're in the largest companies in the world like a Walmart or a Boeing or a JPMorgan Chase or a small startup or a leader in any of these categories, you have to think more like a startup in terms of innovation.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“And with digitization and with a lot that's going on in high tech, we're going to destroy 20 to 40 percent of the jobs that exist everywhere in the world. So we've not only got to in the US create 20 to 30 more million jobs, we've got to create more jobs for the ones we destroyed. So we have to become a startup nation again.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“I have my own fund, and Shannon, who's here with me, is the chief of staff. It's a magnificent company with three people. So going from 75,000 people to supporting you to three is a culture shock. But what it really is focused on is where is the world going, not where it's been? And it's focused on how do we become a startup nation again. It's focused on, we think we're the leader of innovation in America. We no longer are. Bloomberg, we're not even the top 10 countries anymore. We're decreasing the number of startups per year and it's a 20-year low. France, where three years ago I said it's going to be the startup nation in Europe, it went from 140 venture capital back startup technology companies to 740 in three years. It's become the model for Europe. I want to see that happen again in the US.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“No, but I did at Cisco. We did $2.1 billion in investing in companies. We acquired 180 companies. It was one of the key ways that we grew, was really keeping our fingers on technology.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Step back about two and a half years ago. Right, right. And so since then, I've been entirely focused on a startup world.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Well, not leaving for a while, but knowing that I needed to turn over at a point in time and I kept saying, I'll be here five more years, five more years. And then suddenly I said three to four. And that was the clear message. And I left three years almost on the moment. And it's like your family. We are a family at Cisco. I knew every illness of every employee, their spouse, their children. We worked together as a common team. We were fearless. No one really ever beat us. If you really think about router competitors, switching competitors, et cetera, we still are the key leader in 40 to 70 percent market share in each category. And then we moved into new areas. But we wanted to make this transition work, and we wanted to do it different than others. So I thought about it for 10 years, and the board obviously made the call, but we set it up as being an example for others to learn from.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Will is an honor because I heard everyone except 23 people in the company. We moved from a single product company to 18 products. We created 10,000 millionaires in the valley back when a million was really a million. Goodbye, you a house in the valley, et cetera. And we won't buy you a story.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Well, yes. And by the way, what Cisco does, and one of the important things on the transition to the new leadership is I watched why most of these companies failed in leadership. And the CEO who brought them from a very small company to a very large company has to be very careful in the transition to the next leader. And as you know, the industry is littered, most all of them have failed. And so when we decide to make that transition at Cisco, we said, we want to do this in a way others have not. We wanted it to be our Harvard casebook study. We were too close to Stanford. People would have said home cooking. And it was. And we did a very smooth transition. But part of it was also one state transition was over to give the reins to new leadership and to step away. And it's their company to run. And so I deliberately have not been involved in that. And I really comment in terms of where the company is.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“Almost all of them fail Company's ever done that before. Right, right. I mean, it has huge advantages. So, where does Cisco now? I mean, obviously, you moved into voice, you moved into video and different things like that. You also tried to move into media that didn't work, that didn't work quite as well, that some of the media stuff you all did. There were so many products that Cisco had that...”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“I'm honored to be a lot of the textbooks written about it. Oracle would say they model their acquisition model after us. And now acquisitions are a logical way to grow care, as you know, but back in the 90s, almost all of them failed. So we said, how are we going to do it differently? And we began to do something that refers a little bit that I'm trying to teach now, is get a replicatable innovation playbook for anything you do, whether it's how you do acquisitions and stating why most of them fail and what are you going to do differently, how you digitize a country, how you're number one or number two in every product area you go into, 18 major products. No company's ever done that before since low barriers to entry. And we had a lot of fun doing it. There's also substitute, as you know, being in this industry for a number of years and being in the right spot at the right time. Right, right. I mean, that's huge advantages.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“We were the ones that made it work for business, and we were business focused on it, and for a brief time, we were the most valuable company in the world. And we took technology and said, here's how it's going to change the way you work, live, learn, and play. And we had a blast doing it.”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT
“So what Cisco did though was really, it was the sort of the quieter member, like the big companies like Yahoo and eventually Google and others got all the attention because they were the consumer facing, but Cisco really was the background”
2018-10-10 · Decoder with Nilay Patel · Recode Decode: Former Cisco CEO John Chambers · IDENTIFIED FROM THE TRANSCRIPT