Jyoti Bansal sells AppDynamics for $3.7 billion, creating 400 millionaires among employees

Jyoti Bansal, founder of AppDynamics, sold his software startup to Cisco for $3.7 billion in 2017, just before its IPO. This decision made around 400 employees millionaires, with many earning over $5 million. Bansal prioritized his employees' financial security over potential IPO gains. He believed the sale reduced risks for his staff and allowed him to focus on new ventures, including software companies Harness and Traceable AI. Despite initial regrets about selling, Bansal stands by his choice, emphasizing the life-changing impact on his employees. His recent venture, Harness, was valued at $3.7 billion in 2022.