On: 1Password Has Raised $620M

[piqufoh]

Great for 1Password - I love the tool and I'm a strong advocate. But ...

Why such a large round? Why not go for an IPO?

[Iv → piqufoh]

Because money is desperate to find sinks to throw itself at.

[darkwizard42 → piqufoh]

I think this type of massive up-round investment is basically an IPO, likely a fair amount of secondary level of exit for founders, employees, and wouldn't be surprised if the seed/first round investors were able to unload a little (if they even wanted to)