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I'm a former user of 1Password, the password manager, but this is depressing. Why? Because it profoundly changes the nature of what they have to do to be successful, where they will end up as a company, etc.— Paul Kedrosky (@pkedrosky) November 14, 2019
1Password takes a $200M Series A https://t.co/PRq1PWdTlo
Wow, @1Password raising $200m is big news. I love them and I'm rooting for it to work out.— Joel Gascoigne (@joelgascoigne) November 14, 2019
I can't help but have a tinge of disappointment to see a sustainably grown, beautiful (privacy focused) product take on that pressure and growth expectation.https://t.co/aJENOUAhHt
So sad to read this ?. Whenever I read about a software service I like hopping on the venture capital train to unicorn-ville, I fully expect them to go to shit. 1PW now need to beome a many billion dollar company OR DIE TRYING. That usually lead to desperate/shitty decisions. https://t.co/HRQHTjZx4a— DHH (@dhh) November 14, 2019
“And we need to grow, and grow aggressively” — CEO of 1Password.— Aza Raskin (@aza) November 14, 2019
Growth at all costs is a San Francisco ideology.
We should replace it with humane ideology: bind scale to responsibility.
The societal cost of all-costs growth is everything.https://t.co/zMGPE82r8k
Whyyyyyyyyyyyyyyy.— TJ Writes the PHPs (@tjdraperpro) November 14, 2019
I love 1password. They were doing so well. There is NO other password manager that works even half as well.
And every single time a product I like has taken this route, it has spelled death.
Big news this morning! This is going to let us continue being the secure, person-centric tool that you love, and we will always bend over backwards to uphold the privacy that we’ve built into 1Password.— Connor Hicks (@cohix) November 14, 2019
Accel will help us be that, for everyone ❤️ https://t.co/9CfpSBRBkq
I have watched my friends at @1Password around the world build the company with so much care.— Richard (@ricburton) November 14, 2019
While I understand people's knee-jerk reaction to raising venture capital when a company is profitable, I am sure that the team searched for the right partner.https://t.co/x0eYXqZshK https://t.co/O5sKEyTHog
I personally switched away years ago. If you want to switch you might want to do it soon. Companies that raise this much need to start finding ways to lock you in, hold your data hostage against you, or act in anticompetitive ways that harm you long-term. https://t.co/OasOQB48tW— Eric Florenzano (@ericflo) November 14, 2019
Amazing B2C-to-B2B software sub case:— Nico(las) Wittenborn (@ncsh) November 14, 2019
- Launched as consumer product in '05
- 1m paid enterprise users across 50k customers since '16
- First funding of $200m in '19
Toronto’s 1Password Raises $200M Series A Led By Accel https://t.co/9bIZzmiLTb via @crunchbasenews
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“The 1Password team impressed us by building a business that’s not only scaling extremely quickly but also has been profitable since day one — and that’s why today we’re making the biggest single investment in Accel’s more than 35-year history.” https://t.co/tIcY2duSf9— Ben Cherian (@bencherian) November 14, 2019
I'm not sure there is any other software I've used on a daily basis for over a decade that I still love. @1Password is the one. Dave hope you are able to keep things real & stay grounded after this massive influx of funding https://t.co/Sb8ff3byDz #1password #passwordmanager pic.twitter.com/MlijL780dq— angelo m (@angelo_arch) November 14, 2019
1Password closes $265 million CAD in first round of institutional funding https://t.co/KNPnbiTaAX— Sheldon Levine (@40deuce) November 14, 2019
Good for them! @1Password is my password manager of choice and I recommend them to everyone. I also love that they're #Toronto based! (I'd still recommend them even if they weren't) pic.twitter.com/bceXevBdSM
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