Bansal: AppDynamics rejected two Cisco acquisition offers before accepting the third
Jyoti Bansal · 20VC: AppDynamic's Jyoti Bansal on The Sale vs IPO Process with AppDynamics' $3.7Bn Exit & The 3 Simple Things VCs Look For When Investing In Startups · Dec 8, 2017 · at 7:32
Jyoti Bansal, founder of AppDynamics, discusses the acquisition negotiations with Cisco that took place days before AppDynamics' planned NASDAQ opening bell.
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“We looked at the offer and actually we decided to say no to the first offer. They came back with a second offer, which we said no to, and then they came back with a third offer, which at that point, it was the right thing to do for all shareholders involved, for all employees involved, for all stakeholders involved for us to do it, and that's really what had happened.”
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“Some companies have a parallel process. Like, you know, you're doing a process for an IPO and you're doing a process for a sale process. We are not doing that for us. It just happened that Cisco came in just a little bit before the IPO and they made an offer.”