This man made 400 of his company’s employees millionaires overnight.
In 2008, Jyoti Bansal founded AppDynamics, a startup that helped large companies fix software problems.
In 2017, Jyoti Bansal was about to take AppDynamics public with an IPO, but four days before the IPO, Cisco offered to buy his company for $3.7 billion.
He knew that it would take him a long time to reach such a valuation on his own, so he accepted the deal.
This was the most difficult decision of Jyoti Bansal's life because he was emotionally very attached to his company.
However, through this sale, he wanted to secure the financial future of his employees.
His 400 employees held shares in AppDynamics, and after this deal, they also made millions of rupees.
Jyoti Bansal himself owned a 14% stake in AppDynamics, and today he is the co-founder of two more startups: Traceable and Harness.
In 2022, his company Harness also reached a valuation of $3.7 billion, and he says that he will never sell these two companies.
In 2008, Jyoti Bansal founded AppDynamics, a startup that helped large companies fix software problems.
In 2017, Jyoti Bansal was about to take AppDynamics public with an IPO, but four days before the IPO, Cisco offered to buy his company for $3.7 billion.
He knew that it would take him a long time to reach such a valuation on his own, so he accepted the deal.
This was the most difficult decision of Jyoti Bansal's life because he was emotionally very attached to his company.
However, through this sale, he wanted to secure the financial future of his employees.
His 400 employees held shares in AppDynamics, and after this deal, they also made millions of rupees.
Jyoti Bansal himself owned a 14% stake in AppDynamics, and today he is the co-founder of two more startups: Traceable and Harness.
In 2022, his company Harness also reached a valuation of $3.7 billion, and he says that he will never sell these two companies.
- Catégories
- Entrepreneur
- Mots-clés
- entrepreneur, millionaires, jyoti bansal
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