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Len Bosack

9 statements across 2 episodes · 1 bullish · 2 bearish · 1 people on the record · first statement Oct 1, 2018 by Sandy Lerner · said 2 times in 1 episodes since 2018 · across every show →

Mentions by year

brought up most by Guy Raz (2)

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2018 2 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Len Bosack, oldest first

Oct 1, 2018 negative
Disclosure
Founders sold all Cisco stock due to zero respect for management
“Len and I agreed to sell our stock on a very joint basis, and we did it because we fundamentally had no respect for people running the company. And it wasn't really that we didn't believe in the company. I mean, I was the one who said that Cisco would be a bil…”
Sandy Lerner Oct 1, 2018 ▶ 52:24 Cisco Systems & Urban Decay: Sandy Lerner
Oct 1, 2018 positive
Assertion Supported
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.”
Sandy Lerner Oct 1, 2018 ▶ 38:24 Cisco Systems & Urban Decay: Sandy Lerner
Oct 1, 2018
Assertion Supported
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.”
Sandy Lerner Oct 1, 2018 ▶ 38:40 Cisco Systems & Urban Decay: Sandy Lerner
Oct 1, 2018
Disclosure
Lerner: Bosack and Lerner donated 70% of Cisco exit proceeds
“Remember that right after that, Len and I put 70% of the proceeds into charitable vehicles.”
Sandy Lerner Oct 1, 2018 ▶ 41:36 Cisco Systems & Urban Decay: Sandy Lerner
Oct 1, 2018
Assertion Not checkable as stated
Lerner: Cisco pitched 70 to 80 venture investors before raising funding
“We went through about 70 or 80 of them.”
Sandy Lerner Oct 1, 2018 ▶ 27:15 Cisco Systems & Urban Decay: Sandy Lerner
Oct 1, 2018 neutral
Assertion Supported
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.”
Sandy Lerner Oct 1, 2018 ▶ 31:30 Cisco Systems & Urban Decay: Sandy Lerner
May 10, 2021 neutral
Opinion
Lerner: It was probably time for Bosack and me to leave Cisco
“Yeah, it was probably time for me to go. It was probably time for Lem to go. We're just not good people in a collaborative environment.”
Sandy Lerner May 10, 2021 ▶ 39:56 Cisco Systems & Urban Decay: Sandy Lerner (2018)
May 10, 2021 negative
Disclosure
Lerner and Bosack sold all Cisco stock out of disrespect for management
“Len and I agreed to sell our stock on a very joint basis, and we did it because we fundamentally had no respect for people running the company, and it wasn't really that we didn't believe in the company.”
Sandy Lerner May 10, 2021 ▶ 51:25 Cisco Systems & Urban Decay: Sandy Lerner (2018)
May 10, 2021
Disclosure
Lerner and Bosack placed 70% of Cisco proceeds into charity
“Remember that right after that, Len and I put 70% of the proceeds into charitable vehicles.”
Sandy Lerner May 10, 2021 ▶ 40:41 Cisco Systems & Urban Decay: Sandy Lerner (2018)
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