Jyoti Bansal » , the founder of AppDynamics » , shared a common vision among entrepreneurs: to create a successful startup. However, he faced a challenging decision when he chose to sell the company for $3.7 billion. This pivotal moment seemed like a significant milestone at first.
Ultimately, what began as a proud achievement transformed into one of his greatest regrets. In an interview with CNBC » Make It, Bansal revealed that he made the decision to sell his software company with his employees’ welfare in mind. By selling AppDynamics in 2017, he made 400 of his employees millionaires, demonstrating his commitment to their success.
As AppDynamics prepared to go public in 2017, IT giant Cisco swooped in with an offer of $3.7 billion. While Bansal described the sale as “the hardest decision” of his career, he believed it was for the benefit of his team, highlighting the complex emotions that come with such significant choices. Read More »
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