The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
Incoming Cisco CEO John Morgridge told Lerner she was 'everything wrong'
“Yeah, and he denies it, but I will swear on the lives of my cats, the first thing he said to me was, I hear you're everything that's wrong with Cisco.”
Incoming CEO Morgridge told Lerner she was everything wrong with Cisco
“Yeah, and he denies it, but I will swear on the lives of my cats, the first thing he said to me was, I hear you're everything that's wrong with Cisco.”
Cisco CEO John Morgridge abruptly fired co-founder Sandy Lerner six months post-IPO
“I was sitting in my little office in the corner, as I did every day, and he came in, and he sat down in the chair without making an appointment, and he said, ah, you know, I think it's time you retire. He says, you've got all this money now, you just, time to …”
Stanford excluded Lerner from curriculum meetings held at a men-only venue
“When the faculty would meet at the beginning of the year to plan the curriculum, even though I was the head of all of the computing facilities, Both administrative and the curriculum computing I went and had lunch with the faculty wives because where they had …”
Sequoia imposed four-year vesting despite Cisco booking $250,000 a month
“Len and I walked into a four-year vesting plan after funding the company for three years, clearly a mezzanine investment. We're making, we're booking a quarter million dollars a month at that point.”
Don Valentine invested $2.6 million for massive Cisco equity and control
“He gave us 2.6 million dollars, and Len and I got about 30%, but remember, he was the chairman of the board of the company, and he got stock from that, and all of his friends got stock.”
Cisco founders threatened PR disaster post-IPO to recover full unvested equity
“We ended up getting it back, but only because it would have looked very bad for the stock six months after when both of the founders walk out, and you can't tar and feather the other one with, girls don't know how to play on a team.”
Stanford refused to license federally funded router technology, Lerner says
“Stanford said, no, you cannot license this technology. They would not entertain any licensing. We had done our part, and we had taken the government's money. This is all public domain. We'd invented all of these wonderful things, but the Office of Technology L…”
Stanford paid Lerner half her predecessor's salary and a third her successor's
“I was paid half of what my predecessor made, and I was paid a third of what my successor was paid.”
Early venture capitalists believed public network protocols could not be monetized
“The investor community, which was a whole bunch of old, you know, Fairchild semiconductor salesmen, they didn't think that you could make any money on a public protocol because, of course, everybody would do it.”
Stanford barred computing head Sandy Lerner from meetings because venue excluded women
“When the faculty would meet at the beginning of the year to plan the curriculum, even though I was the head of all of the computing facilities, both administrative and the curriculum computing I went and had lunch with the faculty wives because where they had …”
VCs rejected Cisco believing public networking protocols had no commercial value
“And the problem was that, you know, at this point, the investor community, which was a whole bunch of old, you know, Fairchild semiconductor salesmen, they didn't think that you could make any money on a public protocol because, of course, everybody would do i…”
Sequoia's Don Valentine invested $2.6M in Cisco, leaving founders with just 30%
“He gave us 2.6 million dollars, and Len and I got about 30%, but remember, he was the chairman of the board of the company, and he got stock from that, and all of his friends got stock.”
Lerner: Co-founder Len Bosack resigned from Cisco in solidarity
“And so Len, I think you probably could have knocked over both Valentine and everybody else like little bowling pins when Len walked up there and walked out with me.”
Stanford computing group built and maintained its own network hardware
“We built our own internet we maintained our own internet, we built our own printer interfaces, we built our own computer terminals.”
Early ARPA network development lacked political or financial motives
“ARPA was giving money. It was all public, public domain. Nobody had a financial motive. And the thing that ARPA did that was so amazing, even today, was it gave the right people the right money. It wasn't political.”
Cisco settled Stanford IP claims with royalties and network maintenance
“We ended up paying them, I think, a very fair royalty for the first, gosh, I want to say three million dollars a product or something. Very fair royalty. And we had to fix their network for three years.”
Cisco survived multiple near-collapses through sheer luck, Lerner says
“There were so many times that company could have gone under, and we were saved by circumstances out of our control. So there was huge luck in there.”
Stanford peer created first spell checker by manually typing entire dictionary
“One of the people had written the first spell checker and typed in the entire dictionary himself.”
Stanford router project began as an unauthorized shadow network by Cisco founders
“Officially? Absolutely not. We were definitely under the radar, and we kept it under the radar, and it wasn't until one day, I think it was by, Became the Stanford University Network.”
Lerner: Early ARPA networking work had no financial motive
“We did it because it was the right thing to do. ARPA was giving money. It was all public, public domain. Nobody had a financial motive.”
Lerner: Stanford refused to license early router technology
“But Stanford said, no, you cannot license this technology. They would not entertain any licensing. We had done our part, and we had taken the government's money. This is all public domain. We'd invented all of these wonderful things, but the Office of Technolo…”
Stanford paid Lerner half her predecessor's salary and one-third her successor's
“I mean, I was paid half of what my predecessor made, and I was paid a third of what my successor was paid.”
Lerner: Cisco settled with Stanford via product royalties and 3-year network maintenance
“We ended up paying them, I think, a very fair royalty for the first Gosh, I want to say three million dollars a product or something. Very fair royalty. And we had to fix their network for three years.”
Stanford peer wrote the first spell checker and manually typed the dictionary
“One of the people had written the first spell checker and typed in the entire dictionary himself.”
Stanford Ethernet precursor ran under the radar until around 1981
“We were definitely under the radar, and we kept it under the radar, and it wasn't until One day, I think it was by 1981, our time-sharing Ethernet became the Stanford University Network.”
Cisco was the 36th name attempted for the networking company
“Cisco was actually the 36th name that we tried to get. Anything having to do with computers, we couldn't have.”
Early Cisco booked $250,000 monthly without a dedicated sales force
“With no sales force, we were booking a quarter million dollars a month.”
Cisco pitched 70 to 80 venture investors in early fundraising efforts
“We went through about 70 or 80 of them.”
Sandy Lerner launched Urban Decay in three months with only $50,000
“Makeup's a very easy thing. You can do it three weeks. We're on the shelf in three months. You know, just add 50,000 dollars and stir.”
Lerner: Cisco booked $250K monthly by 1987 without a sales team
“By 1987, with no sales force, we were booking a quarter million dollars a month.”
Lerner: Cisco pitched 70 to 80 venture investors before raising funding
“We went through about 70 or 80 of them.”
Lerner's 1970s bank employer made tellers kneel for skirt length checks
“The bank owner made all of the tellers kneel, so he could check that our skirts were long enough, and he called us all Louise.”
Lerner earned $25 per hour programming computers as a student in 1975
“And, you know, in 1975, I was making 25 bucks an hour computer programming.”
Cisco's first three customers were HP Labs, Rutgers, and Boeing
“Our first customer was Hewlett Packard Laboratories. The second one was Rutgers University. Third one was Boeing.”
Lerner's first bank employer made tellers kneel to inspect skirt lengths
“The bank owner made all of the tellers kneel, so he could check that our skirts were long enough, and he called us all Louise.”
Lerner: Earned $25 an hour computer programming in 1975
“And, you know, in 1975 I was making 25 bucks an hour computer programming.”