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

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

#121

Post by harikb »

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…

I have been following this company for like 10 years now, if not more. 1Password is anything but a typical software company. When they were small, I forget the year, they emailed us (each) six licenses of 1Password as a thanksgiving gift. A small gesture, but clearly the courage to leave that much money on the table for a small startup is laudable. On the other hand, each of my friends who got it "free" wouldn't have considered any password manager (free or not). They had the uphill task of creating the market. I am sure all the recent password leaks helps a bit.

They sponsored Gophercon in 2018(?). I didn't even know they use Go.

Good luck to them and hopefully they will keep us from password disasters of the future. Now, if only I could convince everyone to use a password manager...

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

#122

Post by Nullabillity »

sagichmal wrote: post #102
bernierocks wrote: post #57

Earlier quoted context omitted.

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…

> Ever since they went to the cloud, I stopped using and recommending them to friends and family. The whole point of using a password manager is that the passwords I create and use on my {desktop, laptop, work machine, phone} are immediately and seamlessly available to me on all of the other platforms. As far as I know it is Cloud integration which enables this absolutely necessary and table-stakes functionality. Is…

> As far as I know it is Cloud integration which enables this absolutely necessary and table-stakes functionality. Is that not true? Does e.g. Keepass provide this essential functionality without a Cloud integration of some kind?

Just store it in your regular sync solution. Syncthing works great, and I don't remember any issues with Dropbox back when I used that. I'd imagine that iCloud or SkyDrive would work fine too, for the masochistically inclined.

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

#123

Post by ramphastidae »

bernierocks wrote: post #57
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…

You’re probably being downvoted because of this statement, which is blatantly wrong:

> The only reason they went to the cloud is because most people were buying one copy and sharing it with multiple people.

It’s cloud-based because the majority of password management users want automatic cross-device updates without setting up their own server.

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

#124

Post by ble52 »

wlesieutre wrote: post #78
Eric_WVGG wrote: post #59

Earlier quoted context omitted.

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

Electron finally added support for TouchID a few months ago (version 6), so hopefully that's coming

And that's one of the major reasons for me to choose 1Password - native apps on macOS, iOS and Windows

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

#125

Post by skinnymuch »

swozey wrote: post #62
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…

> Am I the only one who considers this a good thing? This company over the years has, multiple times, basically ripped the rug out from under its users (moving to online vaults, hiding native app, switching from a single fee to monthly charge) so I really don't see it as a positive. From comments in here it seems like they'll be focusing on Enterprise. That just leads me to assume they'll listen to consumer feedback…

Aren’t all your examples things that happened at the same time or basically because of one shift? The switch to being a SaaS? So that’s just one time really. The events may be spread out a bit, but it’s really just one event to me.

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

#126

Post by skinnymuch »

Dirlewanger wrote: post #107
novok wrote: post #74

Earlier quoted context omitted.

What do you mean native app? I use the native apps all the time and it’s a pretty prominent thing that you get redirect to when you press get started on their front page

They make it incredibly difficult to still pay the one-time fee for the software vs. doing the monthly charge. Like, hiding it. They have threads on their support forum of users complaining how deceptive it is. It's clear they want your vault on their servers and you paying the monthly fee instead of using Dropbox and paying a one-time fee.

Right. So that was one time they did a shift. And they slowly phased out the one time product which was a strategy they were employing from day one. They didn’t pull rug out from under customers more than once then.

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

#128

Post by prophesi »

yardie wrote: post #72
warpech wrote: post #54

Earlier quoted context omitted.

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

I have 1Password and Bitwarden on my screen right now. Bitwarden does not hold a candle to 1Password. There is no Watchtower or MFA availability notification. Yes, BW is a password manager, and that is about it.

Actually, Bitwarden does have its own Watchtower alternative; you'd access Data Breach Report in the menu, and it tells you which accounts need their passwords changed. I'm not sure if it sends a notification when a new breach comes in that includes your account.

Have I Been Pwned partnered directly with 1Password, which is probably why they're able to send out notifications directly; Bitwarden has to worry about being rate-limited.

I'm not too sure what's meant by MFA availability, but Bitwarden also lets you use it as a TOTP generator + use 2FA for logging into your vault, though those are premium features.

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

#129

Post by nytesky »

Deimorz wrote: post #108
nytesky wrote: post #48

Earlier quoted context omitted.

How mature is Bitwarden? I know its open source, but IIRC the business address for Bitwarden is a random house in Jacksonville, Florida? And that was only found on Reddit or something. If its open source thats great, but most people are not building the clients for iOS and MacOS at home. We trust the builds that they host to be true to the source. 1password lists its physical address on its home page (and I think eve…

As far as I know, Bitwarden is a one-person company run by a guy who lives in Jacksonville, Florida. So the business address being a random house there would be exactly what I'd expect.

I guess it would be nice to have some background on him then, so we can be sure its not a front.

I would expect he actually reads Hacker News, so please provide us your backstory, much appreciated.

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

#130

Post by braythwayt »

overcast wrote: post #95
braythwayt wrote: post #94

Earlier quoted context omitted.

FWIW, if you have DropBox, they can sync passwords via DropBox, giving you many of the same benefits as their cloud solution. You can use the pay-one-price license if you already have the motivation to use DropBox.

That's not going to work outside of Mac or PC. Linux is a browser plugin.

I agree that the DropBox integration isn't for everyone. Even if you have just Macs and iOS devices as I do, DropBox is much more expensive, so it's not worth getting just to sync passwords.

But on the other hand, for users who have DropBox already—possibly because they aren't using Linux—this does allow them to sync passwords without paying another $40 a year.

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