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Cisco's Founders Stole From Stanford. Ended Up Losing Everything. | Logically Answered
Cisco's Founders Stole From Stanford. Ended Up Losing Everything.
Earn Cash Back On Stocks: Up To $5,000 Per Year
https://www.silomarkets.com/logic
Nowadays, stealing other people’s ideas and commercializing them is nothing out of the ordinary within the business world. Facebook was stolen from the Winklevoss twins and Divya Narendra, Apple was stolen from Xerox, and Microsoft was also stolen from Xerox. Given that these companies are some of the largest in the world today, it’s clear that the consequences for stealing ideas isn’t all that high. But, there was one situation in which the founders stealing the idea got a taste of their own medicine. Such was the case with Cisco’s founders Sandy Lerner and Leonard Bosack. This duo stole internal tech that was used at Stanford University to link departments together and commercialized it with Cisco. For several years, Cisco experienced exponential growth and few consequences for their actions. But, eventually, a VC firm came in and aggressively bought out the founders and eventually fired them. The founders would end up selling their remaining stake out of resentment in the early 1990s which gave them a cool $170 million. But, this is nothing in comparison to the hundreds of billions they could’ve earned if they had held onto their stake. This video explains the treacherous founding of Cisco and how Cisco’s founders ended up losing everything.
Earn Interest From The Government & Top Corporations:
(iOS App for US Residents)
https://www.silomarkets.com/waitinglistpage
Free Weekly Newsletter With Insiders:
https://logicallyanswered.co/
Socials:
https://www.instagram.com/hariharan.jayakumar/
Discord Community:
https://discord.gg/SJUNWNt
Timestamps:
0:00The Battle For Cisco
2:32Stealing Cisco
5:46Growing Cisco
8:51Losing Cisco
11:51The Aftermath
Resources:
https://pastebin.com/bAyPeSY9
Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
https://www.silomarkets.com/disclosures
Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.
Find Logically Answered on YouTube: https://www.youtube.com/@LogicallyAnswered/
Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.
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By Logically AnsweredCisco's Founders Stole From Stanford. Ended Up Losing Everything.
Earn Cash Back On Stocks: Up To $5,000 Per Year
https://www.silomarkets.com/logic
Nowadays, stealing other people’s ideas and commercializing them is nothing out of the ordinary within the business world. Facebook was stolen from the Winklevoss twins and Divya Narendra, Apple was stolen from Xerox, and Microsoft was also stolen from Xerox. Given that these companies are some of the largest in the world today, it’s clear that the consequences for stealing ideas isn’t all that high. But, there was one situation in which the founders stealing the idea got a taste of their own medicine. Such was the case with Cisco’s founders Sandy Lerner and Leonard Bosack. This duo stole internal tech that was used at Stanford University to link departments together and commercialized it with Cisco. For several years, Cisco experienced exponential growth and few consequences for their actions. But, eventually, a VC firm came in and aggressively bought out the founders and eventually fired them. The founders would end up selling their remaining stake out of resentment in the early 1990s which gave them a cool $170 million. But, this is nothing in comparison to the hundreds of billions they could’ve earned if they had held onto their stake. This video explains the treacherous founding of Cisco and how Cisco’s founders ended up losing everything.
Earn Interest From The Government & Top Corporations:
(iOS App for US Residents)
https://www.silomarkets.com/waitinglistpage
Free Weekly Newsletter With Insiders:
https://logicallyanswered.co/
Socials:
https://www.instagram.com/hariharan.jayakumar/
Discord Community:
https://discord.gg/SJUNWNt
Timestamps:
0:00The Battle For Cisco
2:32Stealing Cisco
5:46Growing Cisco
8:51Losing Cisco
11:51The Aftermath
Resources:
https://pastebin.com/bAyPeSY9
Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
https://www.silomarkets.com/disclosures
Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.
Find Logically Answered on YouTube: https://www.youtube.com/@LogicallyAnswered/
Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.
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