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Business Movers

Cisco: The Founder's Dilemma | A Decaying Partnership | 4

Business Movers

Wondery

History, Business, Entrepreneurship

4.81.5K Ratings

🗓️ 5 October 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

Sandy Lerner pivots industries dramatically, pairing up with a friend to create a make-up company that specializes in unconventional colors. But now that Sandy has money to invest on her own, she becomes just as ruthless as Don Valentine, the venture capitalist who pushed Sandy out of Cisco.

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Transcript

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0:00.0

Hey, prime members, you can listen to business movers, add free on Amazon music.

0:05.4

Download the app today.

0:23.7

It's July 1995 at Chalton House, a sprawling country estate roughly 50 miles outside

0:29.8

of London, England.

0:31.8

On a terrace overlooking the gardens, Pat Holmes opens a bottle of champagne and pours

0:36.0

two glasses.

0:37.7

She feels a bit giddy.

0:39.6

Pat is in her late 40s, a horse trainer from California, and she never imagined herself

0:44.0

in a place like this.

0:45.8

Chalton House is a 400-year-old mansion that once belonged to Jane Austen's brother.

0:51.6

Pat's presence here is all thanks to the woman sitting across the table, the owner of Chalton

0:56.1

House, Cisco co-founder, Sandy Learner.

0:59.3

The two became friends a few years ago, after Sandy hired Pat to train some of her horses.

1:04.9

And when Sandy asked Pat to join her at a horse show in England, Pat was delighted to tag

1:09.4

along.

1:10.6

But while they're here, Sandy suggested they go on a pub crawl to celebrate her birthday.

1:15.7

And before they head out, there's time for drinks on the terrace.

1:19.3

Pat hands Sandy one of the champagne glasses.

1:22.0

Here's to you, happy birthday, and thanks again for inviting me, Sandy.

1:25.3

This place is incredible.

1:30.0

Well I'm thrilled you can make it, but now to business.

1:32.5

Now I know you said you didn't want black nail polish like me, but I need to paint your

...

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