EP 73: Jyoti Bansal (Founder, AppDynamics): Life After Selling a $3.7B Company

Jyoti Bonsal was the founder and CEO of AppDynamics, which sold in 2017 to Cisco for $3.7 billion right before it went public. We talk about that sale as well as Jody now running two separate businesses. He's the CEO of Harness. Which not coincidentally, was most recently valued at $3.7 billion, as well as the CEO of Traceable ai, which was recently valued at $450 million.In this conversation, Jody and I talk about a bunch of different things related to operating and his different frameworks for making decisions for finding product market fit, hiring executives, firing executives, as well as the saddest day he had running AppDynamics, which was the day he actually sold the business to Cisco. A really interesting conversation, one of the more thoughtful and tactical leaders that exist in the world of startups. (0:00) Intro(1:40) Welcome Jyoti Bansal(2:51) Time management(8:43) Finding product market fit(19:05) Product development cycle(23:12) Startups within startups(29:14) AppDynamics(34:14) Lessons for young founders(43:16) Hiring someone who's "been there, done that"(51:02) Process of fundraising(56:04) Reach the highest tier of VC firm(59:45) Finding investors that believe in you and your company(1:07:20) Founding AppD(1:13:47) Ending up a solo founder(1:20:42) Selling to Cisco(1:27:33) Current state of the markets(1:31:09) Jyoti's thoughts on AI Mixed and edited: Justin HrabovskyProduced: Rashad AssirExecutive Producer: Josh MachizMusic: Griff Lawson 🎙 Listen to the showApple Podcasts: https://podcasts.apple.com/us/podcast/three-cartoon-avatars/id1606770839Spotify: https://open.spotify.com/show/5WqBqDb4br3LlyVrdqOYYb?si=3076e6c1b5c94d63&nd=1Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9zb0hJZkhWbg 🎥 Subscribe on YouTube: https://www.youtube.com/channel/UCugS0jD5IAdoqzjaNYzns7w?sub_confirmation=1 Follow on Socials📸 Instagram - https://www.instagram.com/theloganbartlettshow🐦 Twitter - https://twitter.com/loganbartshow