Dave Teare, founder on blog.1password.com:
Accel will be investing USD$200 million for a minority stake in 1Password. Along with the investment — their largest initial investment in their 35-year history — Accel brings the experience and expertise we need to grow further and faster.
Hmmm… color me worried. While it’s not a marketing filled PR post, it’s a bit light on details. The one thing that jumped at me was:
Security is a process, not a product. 1Password already has the most modern security design, and Accel will help us take our processes, protections, and research to the next level.
Ok, I buy this. Just like anti-virus apps evolved from static definitions to behavior analysis, I can totally see how the next step in the _password maintaining _toolset is something that requires a lot of investment.
I’ve been a 1Password user for 11 years: it’s the first app I install on any new devices (Mac or iOS) and my trusted app given it’s function.
I’m totally along for the ride, and trust their love for the product. But still, it worries me.