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This Founder Made 400 Employees Millionaires Overnight After $3.7 Billion Deal, But Here’s His Biggest Regret

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New Delhi, 05-Oct-2024, By EHS

In a move that astonished many, Jyoti Bansal, the founder of AppDynamics, sold his company to Cisco in 2017 for an impressive $3.7 billion. While this transaction turned 400 of his employees into millionaires, it was not a decision Bansal was entirely thrilled about. He described it as a bittersweet moment, marking both his greatest financial success and a deep personal regret.

AppDynamics, founded in 2008, was created to help companies manage and improve software performance in real-time. The software soon became essential for enterprises needing to troubleshoot and prevent application glitches. Under Bansal’s leadership, the company grew rapidly, becoming a leading player in the application performance management space. He served as CEO for eight years, then as chairman until the company’s sale.

The acquisition by Cisco came as a surprise. It happened just hours before AppDynamics was set to go public, making it a complex and emotional decision for Bansal. Despite the enormous financial gain, he later revealed that it was a difficult day. Bansal had not started the company with a financial outcome in mind but with a passion to solve a significant problem in the software industry.

Though the deal led to life-changing financial outcomes for his employees, Bansal still reflects on the emotional toll of selling the company he built from the ground up. Today, Bansal continues to innovate, having founded two other successful ventures: Harness, an automation platform, and Traceable AI, a cybersecurity firm, both valued at billions.

Key Highlights:

  • AppDynamics Sold for $3.7 Billion – The company was acquired by Cisco just before its planned IPO.
  • 400 Employees Became Millionaires – Bansal’s sale resulted in hundreds of life-changing financial outcomes for employees.
  • Mixed Emotions – While financially successful, Bansal regretted selling his startup so quickly.
  • New Ventures – Bansal now runs two new startups, continuing his legacy in tech entrepreneurship.

Source: This article is based on information from Startuppedia, CNBC, and Entrepreneur.

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