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© 2011 Cisco and/or its affiliates. All rights reserved Padmasree Warrior, CTO and SVP Engineering November 21, 2011

© 2011 Cisco and/or its affiliates. All rights reserved Culture of risk-taking Failure is a badge of honor Availability of funding: Venture Capitalists, Angel Investors Education: World-class research universities with 50-mile radius of Silicon Valley Talent: Well-educated workforce

© 2011 Cisco and/or its affiliates. All rights reserved. 3 Hire great people smarter than you Search for passionate evangelists Seek out people who are willing to do anything

© 2011 Cisco and/or its affiliates. All rights reserved. 4

5 Networked Economy Capturing Market Transitions Evolution of the Next Internet