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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

#181
I never really understood the appeal of 1Password, why would you send all your passwords to a 3rd party where you can't even read the source code?

I'm using KeePassXC in combination with Syncthing, everything is hosted by me and without the need of any cloud. Am I missing something, or is it just the convinience of one package?

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

#182
post #168

Earlier quoted context omitted.

> I think most users understand the concept of creating a file, putting stuff in it, and putting it on a file syncing service (or usb drive) Many do, many don't. Even for those that do, there is a significant hassle in getting a file sharing service (gdrive, icloud, dropbox) etc onto every possible device they have. I mean, I'm with you in that I'm personally pretty skeptical of the cloud-based pw solution. But I can…

>there is a significant hassle in getting a file sharing service (gdrive, icloud, dropbox) etc onto every possible device they have. What is this "significant hassle"? Surely it's not that much harder to install [sync app] + [password app] than it is to install [password app]? >Many do, many don't. I suspect the intersection between "people who don't know how to manipulate files" and "people who care enough about pas…

> What is this "significant hassle"? Surely it's not that much harder to install [sync app] + [password app] than it is to install [password app]?

Or no app, just add the browser extension and you're done. Seems a lot easier to me than downloading two other apps, one I have no use for other than syncing the other one.

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

#183
post #133

Earlier quoted context omitted.

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.

>It’s cloud-based because the majority of password management users want automatic cross-device updates without setting up their own server. So? You can put the database on gdrive, icloud, dropbox, or any cloud service you want. I think most users understand the concept of creating a file, putting stuff in it, and putting it on a file syncing service (or usb drive).

I absolutely understand these concepts. That's exactly why I don't want to do it.

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

#184

Earlier quoted context omitted.

> I feel like I've spent an absolute fortune on 1password over the last decade. I'm pretty sure it was, what, $70 when I got it 6+ years ago? Now I'm paying monthly (2.99 or 4.99/mo x .. 3-5 years?) Our pricing intuition around software is so weird . That's $370 over six years. If you went to a theater and watched a movie alone every couple of months, you spent more on tickets than you did on 1Password in that time.

Saying that $370 is not a lot of money shows just how far removed the tech bubble is from the rest of the world. "Four in 10 adults in 2017 would either borrow, sell something, or not be able pay if faced with a $400 emergency expense." https://www.federalreserve.gov/publications/files/2017-repor... , page 21. That's a lump sum expense, not paid over time, but I think it illustrates quite well that $370 is a lot of m…

4/10 is surprisingly low. Most of us would borrow to pay a $400 emergency expense. Are there really that many people out there paying with cash or check instead of “borrowing” by paying with credit card?

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

#185
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?

yes! go read LastPass's privacy policy. They spy on everything you do and share it with anyone and everyone.

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

#186
post #134
post #117

Earlier quoted context omitted.

1password had (maybe still has?) integrations with services like Dropbox where your vault would be stored on a 3rd party service like Dropbox to achieve the cross-device syncing your describing. IMO this was the more secure implementation (assuming 1password was only storing fully encrypted files on your 3rd party cloud preference) - even if someone broke in your Dropbox, they can’t decrypt your passwords without you…

The fundamentals are still the same, everything is encrypted with your master password before being sent to 1Password's cloud. So even if someone infiltrates 1Password's storage, all they get is encrypted files, same with Dropbox.

If that’s true, than the point I made about better security with Dropbox is moot.

As an end user, it’s abundantly clear that all encryption/decryption is done locally when using the Dropbox integration since you can see the files directly in your Dropbox. I guess I didn’t make the same assumption about the 1pass cloud service for some reason.

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

#187

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…

They might have great software - I don't know. But personally I absolutely refuse to use a paid option for a service of this type. There's just too much risk. What happens if my credit card expires and I forget to update/pay? Or I get hospitalized suddenly and there's a similar payment issue? Is my account just closed and everything deleted? Then there's the risk of me putting everything in there and them jacking up…

You can always backup your data and move to another manager if needed. Almost all of its competitors support importing from their format.

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

#188
post #171

Earlier quoted context omitted.

You said: > They now need to hit $1BB or die trying And alluded to “those investors” being able to take over management of the company. As 1Password is already profitable, and has not been acquired, I’m just trying to figure out what reason you have to make those claims.

>You said: >> They now need to hit $1BB or die trying I didn't, actually. Note the usernames. My reply was regarding the more blanket statement of >A profitable company is free to disappoint it's investors in any way it chooses. Also, it's not too unreasonable to assume that a controlling stake was obtained considering that the article said "[this is] a gigantic Series A even by today’s standards", and "The company d…

I see, so the discussion has simply devolved into pointless generalities.

I don’t see any sources claiming the company has been acquired (other HN comments don’t count), even if it was I haven’t seen any evidence that the investors are interested in undermining the sustainability of the business model.

All of the doom and gloom comments in this thread are completely unsubstantiated, and seem to be mostly based on misunderstandings of how businesses actually operate. A company reliant on funding to operate needs to be very concerned with its valuation, a profitable company doesn’t to be to anywhere near the same level. Comments that amount to nothing more than “VC bad” should probably not get a free pass in a community supposedly devoted to “gratif[ying] one's intellectual curiosity”.

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

#189
1Password needs to rename their service. I have told non-technical people "oh you should really use 1Password", have have them respond "Oh I do!", only to later find out they meant they use "one password" for every service, the exact opposite of the right thing to do! It is seriously some "Who's on First?"-level bullshit that leads me to have to be incredibly meticulous and careful when recommending their product.

Imagine naming your product "'password'-as-your-password" then telling people "Oh you should really try using 'password'-as-your-password!".

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

#190
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?

I tried 1Password before switching to LastPass in 2015 or so. I hated 1Password. Haven't had a reason to switch, as free LastPass covers my needs nicely.
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