Am I the only one who considers this a good thing?
Why do you see this as a good thing - what good will come of it for you? You’re describing a tool which already does what you want;
With this investment, 1Password need to squeeze half a billion extra dollars out of you just to give to investors. What is it that their tool doesn’t do for you, which needs that kind of trade for them to be able to build it?
Because I want them to continue to exist. They provide a service, not just a software product. This makes me even more confident they will be able to continue providing that service for many years.
I haven't tried to find out from their finances, but this move would worry me; I'd assume that previously they were independent and profitable, and that now they're on a deadline to generate a lot of return on investment and most likely future is to be acquired in a single digit number of years and then absolutely ruined by the acquiring company (because that seems to be what acquiring companies do - buy things and wreck them).
Why do you see this as a good thing - what good will come of it for you? You’re describing a tool which already does what you want;
With this investment, 1Password need to squeeze half a billion extra dollars out of you just to give to investors. What is it that their tool doesn’t do for you, which needs that kind of trade for them to be able to build it?