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1Password is like 15 or 16 years old at this point, right? The fact that they still need "financial backing" after all that time is extra alarming, IMO. They ha
by dahfizz 5y ago
1Password is like 15 or 16 years old at this point, right? The fact that they still need "financial backing" after all that time is extra alarming, IMO. They have raised nearly $1B in VC money!
This has come with all the expected side effects. No local vaults, electron apps, forced subscription payments, etc etc. More VC money makes for a worse customer experience, almost universally.
> How is this really different from going public?
Venture Capitalists are not like the general public. People trading public stocks value fundamentals - a good product that generates _profit_, _steady_ growth, etc. VCs want cancerous, explosive growth and are willing to take the risk that the pursuit of cancerous growth kills the company.
- hodgesrm 5y agoPeople who own public shares value return on investment, which in today's market is only loosely couple with fundamentals in many cases. It's hard to explain the value of a lot of public tech companies any other way. Rivian (RIVN) is exhibit A.