In his mid-forties, Bansal had spent numerous years in Silicon Valley, polishing his software engineering skills, until his entrepreneurial aspirations took root. Here’s all you need to know.
Jyoti Bansal, founder of the tech corporation AppDynamics, had a dream that many business minds share, of launching a startup and selling it for a whopping $3.7 billion (Worth ~Rs 31000 crore) – but the pleasure of huge achievement deal soon turned into one of his profound regrets. Here’s the story about Jyoti Bansal and the decision over which he still repents.
In his mid-forties, Bansal had spent numerous years in Silicon Valley, polishing his software engineering skills, until his entrepreneurial aspirations took root. His venture, AppDynamics, catered to a major need among large firms, tackling complications with faulty apps and preventing disruptions in service.
In 2017, just as AppDynamics was preparing to go public, the renowned communications tech company, Cisco, swooped in with an enticing acquisition proposal of $3.7 billion. Bansal, the man behind the startup, could have pocketed substantial money from either option, but the acquisition was a golden ticket for his employees to earn their fair share.
When Bansal gave the green light to Cisco’s proposition, a windfall greeted around 400 AppDynamics workers with their stocks soaring to a worth of at least $1 million, as shared by Bansal’s representative. Bansal further explained that for many, the values skyrocketed beyond $5 million, a monumental financial game-changer in their lives.
Jyoti Bansal repents sale decision
Bansal describes sleepless nights which he experienced over the sale, where he said “People think it must’ve been an easy decision, but it was the hardest.”
” Walking home from the celebration party, Bansal realized he wasn’t ready to let go. “It was bittersweet – it felt like we were closer to the finish line, but not quite there.”
At the age of 46, Bansal has invested numerous years in Silicon Valley, working diligently as a software engineer. This dedication laid the foundation for his ultimate dream of launching his own business. His venture, AppDynamics, serves as a solution-oriented company that focuses on fixing dysfunctional apps, thus safeguarding businesses from service interruptions.