Back in 2005, Roustem Karimov and Dave Teare were web consultants helping others build e-commerce sites when they started a side project to help keep track of all the different passwords needed for work. At the time, Roustem recalls thinking the opportunity would be a temporary diversion. But it became clear shortly after they finished building the product and put a purchase form up that Roustem and Dave wouldn’t be returning to their day jobs any time soon. Read on to learn how the choice to double down on their idea lead 1Password to a $2 billion valuation.

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