In Its First Funding in 14 Years, 1Password Raises $200M Series A • Hacker News Board

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#51

Post by michaelbuckbee » Thu, Nov 14, 2019, 4:28 PM UTC

ghshephard wrote: post #31

This isn't really a typical Venture funding, and is definitely not a "Series A". Traditionally, at this point, 1Password would probably have just gone Public, without any need for venture funding. But, why go to the hassle of doing that when you can get most of the same benefits ($$$) without any of the pain (public reporting, SOX, etc...). The VCs at this point would be happy with a 3-4x return, because the risk is…

At the smaller level of things I see similar bets in what Earnest Capital and Tiny Seed are doing: non-controlling amount of investment in a profitable company to make a return higher than standard but with a less crazed risk profile than traditional venture capital.

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#52

Post by tnorthcutt » Thu, Nov 14, 2019, 4:29 PM UTC

jliptzin wrote: post #50

ttul wrote: post #43

Earlier quoted context omitted.

This is so so true. I have tried them all. 1Password is the no-brain option that crushes all others.

I haven’t tried 1password, I have been using LastPass, would you recommend I switch?

Without hesitation. The user experience with 1Password is far better than LastPass (I’ve used both).

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#53

Post by NeedMoreTea » Thu, Nov 14, 2019, 4:31 PM UTC

jliptzin wrote: post #50

ttul wrote: post #43

Earlier quoted context omitted.

This is so so true. I have tried them all. 1Password is the no-brain option that crushes all others.

I haven’t tried 1password, I have been using LastPass, would you recommend I switch?

Not any more. It used to be a no brainer, but they switched to cloud based subscription at great cost increase, loss of some features, and dark-patterned the native app into invisibility. Native is still available apparently, but you won't find it from the homepage, unless they were persuaded to change recently. Report an error in the native app, and they suggest switching to cloud subscription without addressing the error at all.

When my current native install of 1pw stops working I'll be migrating elsewhere.

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#54

Post by warpech » Thu, Nov 14, 2019, 4:32 PM UTC

jliptzin wrote: post #50

ttul wrote: post #43

Earlier quoted context omitted.

This is so so true. I have tried them all. 1Password is the no-brain option that crushes all others.

I haven’t tried 1password, I have been using LastPass, would you recommend I switch?

Bitwarden IMO beats LastPass and 1Password. Very polished, hassle free experience

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#55

Post by nytesky » Thu, Nov 14, 2019, 4:32 PM UTC

jsutton wrote: post #40

pgt wrote: post #16

What are good alternatives to 1Password?

LastPass, Bitwarden, and Dashlane are the main ones. All have their own pros and cons.

For those keeping track, Dashlane is developed in Paris FR and NYC.

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#56

Post by swozey » Thu, Nov 14, 2019, 4:34 PM UTC

warpech wrote: post #54

jliptzin wrote: post #50

Earlier quoted context omitted.

I haven’t tried 1password, I have been using LastPass, would you recommend I switch?

Bitwarden IMO beats LastPass and 1Password. Very polished, hassle free experience

Bitwarden didn't allow Android fingerprinting when I used it a few months ago (limitation in one of their electron libraries) which pretty much ruined it for me unfortunately. Not sure if this works in IOS.

edit: I'm wrong, it didn't support touchID in OSX https://community.bitwarden.com/t/touch-id-support-for-macos...

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#57

Post by bernierocks » Thu, Nov 14, 2019, 4:35 PM UTC

ghshephard wrote: post #31

This isn't really a typical Venture funding, and is definitely not a "Series A". Traditionally, at this point, 1Password would probably have just gone Public, without any need for venture funding. But, why go to the hassle of doing that when you can get most of the same benefits ($$$) without any of the pain (public reporting, SOX, etc...). The VCs at this point would be happy with a 3-4x return, because the risk is…

If you asked me about 1password a few years ago, I would agree with you. Ever since they went to the cloud, I stopped using and recommending them to friends and family.

I now use Keypss, which is free and doesn't require the cloud.

The only reason they went to the cloud is because most people were buying one copy and sharing it with multiple people. It's a way for them to make more money, which is fine, but I really don't think a cloud-based password solution is necessary.

Edit: The 1password employees must be down voting me. It's ridiculous that I get down voted for a specific opinion about the topic.

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#58

Post by nytesky » Thu, Nov 14, 2019, 4:37 PM UTC

toomuchtodo wrote: post #14

journalctl wrote: post #9

Earlier quoted context omitted.

So what you’re saying is someone had better start working on a competing password manager today.

There are several competing password managers today of course! My take is that like Dropbox (disclaimer: paying Dropbox customer until iCloud Files is just a bit better), this is a feature, not a product (unless you need team or cross platform functionality, but for teams you should probably be enterprise grade with SSO instead of sharing creds). I'd switch from BitWarden to a native Apple solution the moment the Key…

Why or why is Apple keychain so limited.

It is strictly for website address/passwords, so doesn't work for a more diverse robust security password manager.

And the sync is very flaky (when I create items within the setting application, they don't show up on my phone). And its multi steps to simply launch keychain since its not a true native app on MacOS nor iOS.

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#59

Post by Eric_WVGG » Thu, Nov 14, 2019, 4:37 PM UTC

warpech wrote: post #54

jliptzin wrote: post #50

Earlier quoted context omitted.

I haven’t tried 1password, I have been using LastPass, would you recommend I switch?

Bitwarden IMO beats LastPass and 1Password. Very polished, hassle free experience

the Mac client doesn’t support biometric login (TouchID), which we’ve only had on these computers for about four years...

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#60

Post by gtf21 » Thu, Nov 14, 2019, 4:39 PM UTC

scott_s wrote: post #47

Am I the only one who considers this a good thing? I recently started using 1Password, and I love it. I finally jumped in because a colleague gave it glowing praise and my company gave us corporate accounts. After using it for a week through my company account, I created a separate personal account for myself. I happily pay a monthly subscription because it is a service I benefit from daily. It also lets me neatly ma…

> I see this as a good thing because someone will become the password manager for large companies, and that someone will likely become the password manager

A) 1Password was already well on its way to doing this (a lot of large companies seem to be using it); B) I'm not sure that it follows necessarily that the largest corporate option will become the largest consumer option.