Cisco executive chairman John Chambers said Thursday that as he prepares to leave the company he’s looking forward to working with start-ups that may have a major impact on the world.
Chambers said in a video broadcast go on Facebook that he meets with around 40 start-ups each month – generally in areas like artificial cleverness, big data, cloud computing and mobility. But he also waxed poetic on the potential of start-up Aspire Meals Group, which operates a robotic farm for edible crickets, and drone analytics business Airware — both of which Chambers invested in.
“I would like to change the globe, and hopefully that’s what I’ve been fortunate enough to become a part of at Cisco, and my intent is to accomplish it another period” with start-ups, Chambers said.
Under Chambers’ leadership, Cisco became a huge of enterprise technology, with annual revenue approaching $50 billion. Today he retains seats on the boards of OpenGov, Pindrop Security and Cisco.
In the next decade, nearly all job creation should come from start-ups, Chambers said. Beyond that, Chambers said start-ups provide opportunities to boost inclusion.
“At my start-ups, each one of them decides simply the basics for each and every start [requisition], requiring at least one female be interviewed,” he said. One start-up he’s caused went from 23 percent female to 34 percent female in 14 months, he said.
Chambers, 68, possesses been on Cisco’s panel since 1993. He was Cisco’s CEO from 1995 to 2015, of which point he was changed by Chuck Robbins. In September he advised the company and its own board that he would not seek to end up being re-elected to the company’s board at the annual shareholder meeting next week, relating to a regulatory filing. The board strategies to make Robbins its new panel 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 stock, down from a lot more than 3 million in 2014.
“I want to find Cisco be extremely successful,” Chambers said in feedback directed at employees. “I would like to see you change the globe with digitization. I want Chuck and the leadership team to accomplish great things and wish great dreams.”