CosmicTaco

Indian-Origin Founder Makes 400 Employees Millionaires

CosmicTaco · 2024-10-17T07:32:33.314773+05:30

- Jyoti Bansal, an Indian-origin entrepreneur, turned 400 employees into millionaires by selling his startup, AppDynamics, for $3.7 billion. - Despite the financial success, Bansal described the sale as the 'saddest day' and 'end of a chapter'. - The startup, known for fixing 'wonky apps' for big companies, was on the verge of going public when Cisco made the offer. - Bansal, who owned over 14% of the company, admitted the sale was the right decision based on the information at the time. - Currently, Bansal is the CEO and co-founder of two other software startups, Traceable and Harness. Source: [Moneycontrol](https://www.moneycontrol.com/news/trends/this-indian-origin-founder-turned-400-employees-into-millionaires-after-selling-startup-for-3-7-billion-12843203.html)

Jyoti Bansal, an Indian-origin entrepreneur, turned 400 employees into millionaires by selling his startup, AppDynamics, for $3.7 billion.
Despite the financial success, Bansal described the sale as the 'saddest day' and 'end of a chapter'.
The startup, known for fixing 'wonky apps' for big companies, was on the verge of going public when Cisco made the offer.
Bansal, who owned over 14% of the company, admitted the sale was the right decision based on the information at the time.
Currently, Bansal is the CEO and co-founder of two other software startups, Traceable and Harness.

Source: Moneycontrol