Former CEO of Cisco Systems, John Chambers, CSCO, guided his company through the challenges of the dot-com bubble and the 2007-2008 financial crisis. He currently helps startups move forward as the founder and CEO of JC2 Ventures, which has backed companies such as Rubrik (RBRK) and Bloom Energy (BE).
In the latest episode of Opening Bid, Chambers talks to Yahoo Finance Executive Editor Brian Sozzi about the three “currencies” leaders should have, the rise of technology in the mid-1990s, and the bursting of the dot-com bubble. He talked about how he got through it. He describes it as “the most difficult thing I've ever done in my business life.”
When it comes to the rise of artificial intelligence, he says there are “almost identical” similarities to the tech bubble. “If you have too much money flowing into the market and funding too many companies, obviously there will be bubbles. Some will burst. There will be some spectacular train wrecks. But 'There's going to be great success coming from that,' Chambers says. He also advises investors on how to navigate what he calls “his decade of AI.”
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This post was written by Stephanie Mikulich.
