Raising funds means to an end, not an end in itself: AppDynamics founder Jyoti Bansal

Jyoti Bansal. Photo: Bloomberg

Jyoti Bansal sold his application intelligence venture AppDynamics to Cisco Systems for $3.7 billion, just a couple of days before the company was to go for an initial public offering (IPO).

In an interview, the Indian-American entrepreneur said that beyond funding, entrepreneurs must focus on building a successful long-term business. Bansal, who will speak at the TIE Global Summit in Mumbai on 21-22 February, also shared his views on India’s tech ecosystem. Edited excerpts:

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