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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

#231

Post by jejeiloo9 »

ksec wrote: post #216
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…

> all they really need to do over the next 3-4 years is build an $3.2B company, I really did laugh out loud as you make it sound so easy. Having said that the money isn't in the consumer side, but the Enterprise. 1Password is only just entering this market and there are huge potential.

The potential is just as huge Apple and MS add “good enough” solutions. From a biz context, 1pwd is winning in its niche. But it’s just a feature the OS vendors haven’t prioritized from a technical context.

I am grabbing AWS keys from MacOS keychain and can access creds I save in iCloud from any device. Uh oh 1pwd

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

#232

Post by gtf21 »

turc1656 wrote: post #165
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…

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…

There's a standalone app (if you're not on Linux) and you can sync via dropbox / wifi / rsync / whatever you like.

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

#233

Post by gtf21 »

marmaduke wrote: post #199
ToFundorNot wrote: post #137

Earlier quoted context omitted.

Or you can build your own pc from open market components, or maybe build your own components by designing your own pcb and sourcing the chips, and write your own drivers, or... etc. Some people don't want to roll their own. You may, or may not agree with the concept of a fully managed solution, but for any non technical user, they want it to (borrow a phrase) "just work". It's the majority of the addressable market.

Even as a dev and ops engineer, or especially so perhaps, I want passwords to just work. Sure I could write my own but why.

Couldn't agree more -- I have limited time in my life, time I don't want to spend maintaining absolutely every service I use. Very happy to pay someone else to build good software and make the pain go away.

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

#234

Post by DavideNL »

callumprentice wrote: post #90

I've been a customer for 10 years (coincidentally, I checked email and I downloaded it from the iOS app store 10 years today) and very happy. The two things I'd love for them to fix are: 1/ Make the Windows version feel more like the macOS one. I switch between the two OS's all the time and it always feels jarring to open the Windows one after using the other. 2/ Add an option to cache everything locally. My phone ha…

I'm pretty sure you can access all your passwords offline. So not sure what os/version you are using... but you might ask 1Password support about why that's not working for you.

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

#236

Post by capableweb »

gtf21 wrote: post #61
swozey wrote: post #30

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?) which is pretty ironic considering a lot of us initially left LastPass to go to 1pass because it was 100% offline (I'm aware you can do local vaults still). At least the QOL updates have been coming faster lately, especiall…

Very frustratingly, there's no Linux client and they recommend 1PasswordX for Linux users, which doesn't allow offline vaults, pretty sure it _requires_ 1Password's online service.

It also does not allow you to export, so unless you're willing/can use the osx/windows version, you won't be able to migrate away from it. I personally solved this by writing a short bash script that uses the 1password cli client to dump the json of everything for my backups.

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

#237

Post by greedo »

sagichmal wrote: post #215
sixstringtheory wrote: post #159

Earlier quoted context omitted.

> 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. That isn’t the whole point of 1PW though, or at least it wasn’t at the beginning, as I saw it. It was a way to avoid having to remember a unique, secure (read: probably hard to remember) password for every servic…

If the goal is to avoid having to remember strong passwords, then a strong password generator + a paper journal is resistant to more threat models and should be preferred. Password managers without transparent sync and autofill UX are a half-product at best.

Typing a long, complex password on a mobile device is tedious. Much easier to use 1Password.

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

#238

Post by mcbutterbunz »

nodesocket wrote: post #230
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…

> companies at this level of maturity, profitability, market dominance, and growth are highly unlikely to fail What happens if Apple implementes their own native password manager into macOS and iOS? I know I would switch to Apple's native assuming it worked as well as 1Password.

They would need to make it cross platform and work in all major browsers for me to switch and I highly doubt they would.

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

#239

Post by greedo »

endorphone wrote: post #180

1Password almost makes me feel like I'm in the Truman Show or something. It's a company whose founders live in my small hometown and keeps appearing in my life in the most disconnected ways (despite living hours away). Just recently my sister-in-law was hired to the company. All along I'm super impressed by their model and great culture, but at the same time believing that it's -- in the words of Steve Jobs -- a feat…

It is a feature in many ways, but its cross-platform nature is what protects it from competitors like iCloud and Google's password sync.

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

#240

Post by EwanToo »

jejeiloo9 wrote: post #231
ksec wrote: post #216

Earlier quoted context omitted.

> all they really need to do over the next 3-4 years is build an $3.2B company, I really did laugh out loud as you make it sound so easy. Having said that the money isn't in the consumer side, but the Enterprise. 1Password is only just entering this market and there are huge potential.

The potential is just as huge Apple and MS add “good enough” solutions. From a biz context, 1pwd is winning in its niche. But it’s just a feature the OS vendors haven’t prioritized from a technical context. I am grabbing AWS keys from MacOS keychain and can access creds I save in iCloud from any device. Uh oh 1pwd

An "ok" password manager is surely a feature Microsoft will add to Office 365, with a pro upgrade to shared passwords, etc
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