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☆ 46-year-old turned 400 of his employees into millionaires by selling his startup for $3.7B: ‘These are life-changing outcomes’
▼ + stars: | 2024-10-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When Jyoti Bansal made "the hardest decision" of his career — selling his software startup AppDynamics for billions — he did it with his employees in mind. As the startup's founder and chairman, Bansal would've become wealthy either way — but only one of his two options guaranteed the same for many of his staffers, he says. Upon Bansal's acceptance of the offer, roughly 400 AppDynamics employees saw their shares of the company rise in value to at least $1 million, a spokesperson for Bansal says. Today, he's the CEO and co-founder of two other software startups, Traceable and Harness, the latter of which was most recently valued at $3.7 billion in 2022. At least 70 of the company's 80 employees became millionaires on paper when VeriSign's stock soared two years later, Chaudhry said.

Persons: Jyoti Bansal, AppDynamics, Bansal would've, Bansal, could've, Zscaler, Jay Chaudhry didn't, Chaudhry, Get Organizations: Cisco, CNBC, SEC, VeriSign

☆ 46-year-old sold a business for $3.7 billion—and immediately regretted it: That was my 'saddest day'
▼ + stars: | 2024-09-30 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +7 min

The deal made hundreds of the startup's employees, Bansal included, instantly wealthy. But what should have been a joyous moment became Bansal's "saddest day," he tells CNBC Make It. He built AppDynamics around the biggest problems he faced as an engineer, creating tools for troubleshooting outages and other software applications flaws. After six months of traveling the world, Bansal launched a San Francisco-based startup called Harness, which also makes tools for software developers. It was most recently valued at $3.7 billion in 2022, according to the company, the same amount AppDynamics sold for.

Persons: Jyoti Bansal, Bansal, AppDynamics, hadn't, could've, —, You've, It's Organizations: CNBC, Cisco, Harness Locations: India, San Francisco, Machu, Africa, Norway

☆ Harness: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Co-founder Jyoti Bansal sold his first company AppDynamics to Cisco for $3.7 billion and just six years later he has brought Harness up to its own $3.7 billion valuation as of its last fundraising in April. Every company is now a software company and with that digital transformation come issues of constant code fixes and cyber vigilance. The aim of Harness is to provide an estimated 27 million software developers globally the ability to create and send code to end users faster, more efficiently, and securely. Key cloud integrations include Google Cloud, AWS and Microsoft Azure. The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC).

☆ After leading $20 billion Figma deal, Adobe's David Wadhwani is in prime spot to be next CEO
▼ + stars: | 2022-10-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +15 min

The business Wadhwani oversees is roughly three times the size as Chakravarthy's in terms of revenue. For Wadhwani, Figma represents a risky bet on growth at a time when Wall Street is telling tech companies to tighten their belts and preserve cash. The make-or-break betIn his 15-year tenure as CEO, Narayen hasn't been shy about dealmaking, just at a smaller size. And it might be Wadhwani's make-or-break opportunity to prove he should be CEO of the fourth-biggest U.S. business software company by market cap. Shantanu Narayen, CEO, Adobe Mark Neuling | CNBCThe revenue became more predictable and less closely associated with product releases.

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