1Password Raises $620 Million in Another Funding Round, Valuing Company at Over $6 Billion

I know many people who are longtime 1Password users, if not evangelists. I don’t know any of them who are happy about the direction in which 1Password has gone. Going big for the enterprise might be good for the company but it sure doesn’t seem good for the consumer market that formed 1Password’s original base.

(Doesn’t seem like a good investment to me, either. Better password management is getting built into operating systems and web browsers. They’re trying to go enterprise mass market with a niche product that was beloved by nerds who really care about their passwords. As a friend just quipped to me, “Unless they’re factoring in the value of the individual passwords, $6B makes no fucking sense.”)

★ Wednesday, 19 January 2022