Comments on: Passpack raises €74,000 more to manage your passwords http://eu.techcrunch.com/2009/07/27/passpack-raises-e74000-more-to-manage-your-passwords/ Tracking European web and mobile start-ups Mon, 13 Feb 2012 09:01:36 +0000 hourly 1 By: Tara Kelly http://eu.techcrunch.com/2009/07/27/passpack-raises-e74000-more-to-manage-your-passwords/comment-page-1/#comment-244831 Tara Kelly Mon, 27 Jul 2009 12:10:17 +0000 http://uk.techcrunch.com/?p=7317#comment-244831 @Fred. Exactly. I completely agree in taking on as little as possible. We weren't asking for more. This is a follow-on round with existing investors. We hit the milestones, so we got the cash to bridge us to the next steps. (thanks for the good luck!) @Stefano Thanks... that'd be smart guys and GALS ;) ...and yes, every penny has been allocated. We have a very low burn rate, so this cash will take us far enough. @Fred.
Exactly. I completely agree in taking on as little as possible. We weren’t asking for more. This is a follow-on round with existing investors. We hit the milestones, so we got the cash to bridge us to the next steps. (thanks for the good luck!)

@Stefano
Thanks… that’d be smart guys and GALS ;) …and yes, every penny has been allocated. We have a very low burn rate, so this cash will take us far enough.

]]> By: Stefano Bernardi http://eu.techcrunch.com/2009/07/27/passpack-raises-e74000-more-to-manage-your-passwords/comment-page-1/#comment-244830 Stefano Bernardi Mon, 27 Jul 2009 12:09:06 +0000 http://uk.techcrunch.com/?p=7317#comment-244830 They actually developed a whole new layer that prevents them to see the passwords. So even if their server got hacked no one could actually see your passwords. They developed this huge algorithm to make Host-Proof Hosting a reality. Read more here: http://www.passpack.com/en/security/ They actually developed a whole new layer that prevents them to see the passwords. So even if their server got hacked no one could actually see your passwords.

They developed this huge algorithm to make Host-Proof Hosting a reality.

Read more here: http://www.passpack.com/en/security/

]]> By: Fabio De Bernardi http://eu.techcrunch.com/2009/07/27/passpack-raises-e74000-more-to-manage-your-passwords/comment-page-1/#comment-244829 Fabio De Bernardi Mon, 27 Jul 2009 12:04:10 +0000 http://uk.techcrunch.com/?p=7317#comment-244829 Passpack sounds like an awesome tool. I've been using 1Password for the past 2 years and honestly I can't live without a password manager anymore. I may go Passpack a go anyway even if I must admit that in this case I'm not too happy about a web solution... I mean, having your logins available independently from the computer you're using is great, but whatever security they can have the company would become the no. 1 target for hackers if/when they reach prime time. So I feel safer with my logins saved on my machine... However, I wish Tara and Francesco to hit prime time as soon as possible and prove me wrong!! ;) Passpack sounds like an awesome tool. I’ve been using 1Password for the past 2 years and honestly I can’t live without a password manager anymore.
I may go Passpack a go anyway even if I must admit that in this case I’m not too happy about a web solution… I mean, having your logins available independently from the computer you’re using is great, but whatever security they can have the company would become the no. 1 target for hackers if/when they reach prime time. So I feel safer with my logins saved on my machine…
However, I wish Tara and Francesco to hit prime time as soon as possible and prove me wrong!! ;)

]]> By: Stefano Bernardi http://eu.techcrunch.com/2009/07/27/passpack-raises-e74000-more-to-manage-your-passwords/comment-page-1/#comment-244811 Stefano Bernardi Mon, 27 Jul 2009 11:19:54 +0000 http://uk.techcrunch.com/?p=7317#comment-244811 Hi Fred, you've got a point there. They didn't disclose their target amount, that was just a personal opinion. I guess that that amount of money will be more than enough to finish the development but won't be helpful for a major market presence. They are two very smart guys, I'm sure they have it all figured out ;) Hi Fred,
you’ve got a point there.

They didn’t disclose their target amount, that was just a personal opinion.

I guess that that amount of money will be more than enough to finish the development but won’t be helpful for a major market presence.

They are two very smart guys, I’m sure they have it all figured out ;)

]]> By: <fb:name linked="false" useyou="false" uid="705581931">Friedrich Rojahn</fb:name> http://eu.techcrunch.com/2009/07/27/passpack-raises-e74000-more-to-manage-your-passwords/comment-page-1/#comment-244807 Friedrich Rojahn Mon, 27 Jul 2009 11:12:44 +0000 http://uk.techcrunch.com/?p=7317#comment-244807 Stefano, out of curiosity - how much were they looking to raise? Maybe this was a conscious decision on the founders' part? In the current climate, just raising enough funds to allow them take that next step may make sense - particularly when that next step is profitability. After all, much better to raise more funds at a time when capital is more freely available; or even better, to hold on to the equity and grow from cash flows, if they can. We have a bootstrapped start-up in the tariff comparison space (www.superswitcher.co.uk), and I would rather raise financing as late as humanly possible - if at all. Good luck to Tara and Francesco! Fred Stefano,

out of curiosity – how much were they looking to raise? Maybe this was a conscious decision on the founders’ part?

In the current climate, just raising enough funds to allow them take that next step may make sense – particularly when that next step is profitability.

After all, much better to raise more funds at a time when capital is more freely available; or even better, to hold on to the equity and grow from cash flows, if they can.

We have a bootstrapped start-up in the tariff comparison space (www.superswitcher.co.uk), and I would rather raise financing as late as humanly possible – if at all.

Good luck to Tara and Francesco!

Fred

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