And they talked about why in more detail here: https://rework.fm/venture-capital-and-control-with-david-tea...

Edit: Fixed typo. Would also like to add that their use of VC money appears less risky than one could assume.

Thanks for the link. I'll try to find the time to listen to it.

Regardless, I don't feel personally comfortable with having my passwords in custody of a VC funded enterprise. I am looking into start self-hosting something like Bitwarden in the near future.