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After taking in ridiculous amounts of money, they must figure out what features are most crucial for users – so that those features can be monetized the hardest
by nikanj 4y ago
After taking in ridiculous amounts of money, they must figure out what features are most crucial for users – so that those features can be monetized the hardest
- hammyhavoc 4y agoOr so they can ditch lesser used features to eliminate technical debt.
- ValentineC 4y agoRelevant xkcd: https://xkcd.com/1172/ https://xkcd.com/1172/
- Tagbert 4y agoWhere are those "ridiculous amounts of money"? The price of 1password seems very moderate so they must selling enormous number of licenses to amass so much money.
- detaro 4y ago2022: "1Password with $620M Series C, now valued at $6.8B" https://techcrunch.com/2022/01/19/1password-series-c-funding/ https://techcrunch.com/2022/01/19/1password-series-c-funding... (following a $200M Series A and a $100M Series B in 2019/2021)
- nikanj 4y agoHence the ”must monetize” part. The investors expect to wring at least 5x their money, and selling $49 lifelong licenses does not net you billions