Cisco executive chairman John Chambers said Thursday that as he prepares to leave the company he’s looking towards functioning with start-ups that may have a major impact on the world.
Chambers said in a good video broadcast live on Facebook that he meets with around 40 start-ups every month – generally found in areas like artificial cleverness, big data, cloud processing and flexibility. But he as well waxed poetic on the potential of start-up Aspire Food Group, which operates a robotic farm for edible crickets, and drone analytics organization Airware — both which Chambers invested in.
“I would like to change the world, and hopefully that’s what I am fortunate enough to be a part of here at Cisco, and my intent is to accomplish it another period” with start-ups, Chambers said.
Under Chambers’ leadership, Cisco became a giant of enterprise technology, with annual income approaching $50 billion. Today he retains seats on the boards of OpenGov, Pindrop Security and Cisco.
Within the next decade, nearly all job creation will come from start-ups, Chambers said. Beyond that, Chambers said start-ups provide opportunities to boost inclusion.
“At my start-ups, every one of them decides just the basics for each start [requisition], requiring at least one female be interviewed,” he said. One start-up he’s worked with proceeded to go from 23 percent female to 34 percent female in 14 weeks, he said.
Chambers, 68, has been on Cisco’s table since 1993. He was Cisco’s CEO from 1995 to 2015, of which stage he was changed by Chuck Robbins. In September he told the company and its own board that he would not seek to be re-elected to the company’s board at the total annual shareholder meeting in a few days, according to a regulatory filing. The board ideas to make Robbins its new table chairman, the filing said.
Previous month Cisco stock jumped 5 percent after the company reported earnings for the earliest quarter of its 2018 fiscal year. Chambers owns 712,736 shares of Cisco share, down from a lot more than 3 million in 2014.
“I want to find Cisco be very successful,” Chambers said in responses fond of employees. “I would like to see you change the world with digitization. I want Chuck and the leadership workforce to accomplish great things and aspiration great dreams.”