Jyoti Bansal's $3.7 Billion Sale of AppDynamics Makes 400 Employees Millionaires
The sale to Cisco, while financially beneficial for many, left Bansal with mixed emotions about his decision.
- AppDynamics founder Jyoti Bansal sold the company to Cisco for $3.7 billion just days before it was set to go public.
- The decision transformed roughly 400 employees into millionaires, with dozens earning over $5 million.
- Bansal prioritized his employees' financial security, weighing the benefits of the sale against potential IPO risks.
- Despite the financial success, Bansal expressed regret, feeling he could have continued growing the company.
- Post-sale, Bansal founded new ventures, including Harness, which reached the same valuation as AppDynamics.