Dynamic techie, Jyoti Bansal describes himself as “Too young to retire,” as he basks in the afterglow of the $3.7-billion deal that he clinched for his startup App-Dynamics.
He will invest a portion of his share of the bounty in startups, says the 38-year-old, with the main focus on Silicon Valley, besides his upcoming ventures.
Networking giant Cisco bought App-Dynamics at twice the price determined by public markets on a day before his startup was due to list its shares on the bourses.
“On Thursday, we would have been ringing the bell on Nasdaq, about 40 of our employees were planning to be there, some of them bought expensive suits for the IPO event,” says Bansal after the deal was announced by Cisco.
The deal with Cisco did take place as it also meant the to maintain identity of the nine-year-old startup, according to the IIT-Delhi graduate who will turn his attention to invest and mentor in upcoming startups in Silicon Valley and in India.
An excited techie appreciates how the startup scene has emerged in India. “I think the next wave of successful startups in India will be seen among B2B players (business software makers),” asserts Jyoti whose 14% stake in AppDynamics translates into a payout of $525 million.
He concludes, “I am looking forward to mentoring and helping a diverse range of Indian startups.”
Dynamic Indian techie Jyoti Bansal his App-Dynamics to Cisco for $3.7 billion
