Key Points
When Jyoti Bansal sold his software startup, AppDynamics, for a jaw-dropping $3.7 billion in 2017, he didnt just cash outhe made 400 of his employees millionaires overnight..
But despite the massive payday, the San Francisco-based entrepreneur, originally from India, says the sale was the hardest decision of his life...
Speaking to CNBC, Bansal revealed that AppDynamics was just days away from going public when Cisco came in with a multi-billion-dollar offer..
"By opting for the sale, I mitigated that risk, securing the financial future of my employees while aligning AppDynamics with Ciscos expansive portfolio, he said...
Cisco, to their credit, did an excellent job giving a high degree of independence to the AppDynamics unit, Bansal explained...
