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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

#271

Post by riffraff »

judge2020 wrote: post #248
EwanToo wrote: post #240

Earlier quoted context omitted.

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

I would say GSuite could also do it, but they'd much rather you move everything to BeyondCorp.

an ok password manager is Chrome's password manager, isn't it?

It allows you to use smart unique passwords, syncs between devices, and uses the OS master key to hide the passwords.

It's not great, but it's probably good enough for many people.

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

#272

Post by samgranieri »

I'm really happy for them. I've been using them for almost a decade, since I saw a weird looking icon in Geoffrey Grosenbach's broswer in his PeepCode tutorials and found out it's a password manager.

This app is a huge part of my day and I'm happy to evangelize it.

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

#273

Post by ArlenBales »

the_narrator wrote: post #226
chucktorres wrote: post #41

Earlier quoted context omitted.

The process is increasingly convoluted to figure out. I'm still clinging on to their 1Password 6 license and it's now broken in Safari on Catalina. Life goes on.

I use 1Password 7 and only use a local vault (synced across devices with Resilio Sync). There is no reason you have to pay for a subscription if you don't want to.

I pay for 1Password subscription, but I set my mother up for the free version using Dropbox sync. Super simple and probably what 99% of people need anyway (1 vault).

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

#274

Post by emptysongglass »

streblo wrote: post #100

Disappointed to see so much negativity in this thread. Password management is still an unsolved problem in most peoples lives. Think of your parents - are they using a good digital password manager, or do they still have a bunch of sticky notes with their passwords written out on them? Wouldn't it be better if they were using a password manager? Most people I know, especially the ones that aren't tech savvy, won't us…

I tell friends and family the threat they're under by continuing to use the same password for all their accounts. They know I'm a geek so they ask me what do I do and I have them up on the free and open-source Bitwarden in a few minutes. They love it, I love helping them.

Profit is fine so long as a user always remains in control. Given 1Password's history of pulling the rug, I can't guarantee that control.

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

#275

Post by [deleted] »

UncleMeat wrote: post #244
jonathankoren wrote: post #229

Earlier quoted context omitted.

That’s why you create a free Dropbox account or just use your free iCloud account. This is even what 1Password used to recommend as part of its setup, if I remember correctly. I’d it was simply storage, the. It would be an add on, but it’s not. It seems like it’s more of a strategy to increase cash flow by converting to ongoing subscriptions instead of one time purchases. This is the same motivation that switched MS…

Man you aren't thinking deep enough. Just set up your own FTP server! The truth is that my grandmother needs a password manager and she barely understands what minimizing a window does. "Just store your vault in dropbox" is friction and that matters much more to the huge majority of users than the fact that the vault is stored on a cloud service.

[deleted]

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

#276

Post by slantyyz »

overcast wrote: post #66
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…

and the reason I went to their cloud solution, is so that I can sync passwords between my iPhone, Mac, PC, and Linux machines. It's $35.88 for an entire year of something that I use constantly, every day, and it works perfectly.

For me, the sync has been less than perfect (Windows + Android user) on more than one occasion. There used to be a force sync button way back when, but it has since been removed as far as I can tell.

I had to Google a workaround (creating a dummy secure note was one workaround) for the times the sync wouldn't work.

I asked why there was no Force Sync button on their support forums, and was told that they took it out because they want their paying customers to report sync issues with an error report instead of giving them an instant fix via the button.

Needless to say, as someone who has been using and paying for 1PW (upgrades and subs) since around 2008, I was not impressed with that response.

To me, the Windows and Android clients seem to be second-class citizens compared to their Apple counterparts.

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

#277

Post by behringer »

pfundstein wrote: post #270
behringer wrote: post #266

Earlier quoted context omitted.

I got the opportunity to try it for free from my friend who got it via work, but it wasn't really as good as lastpass...

It's really not constructive saying something like that without substantiating it. Why was it not as good as lastpass?

I didn't feel it needed substantiation because I'm interested in discussing 1pass vs lastpass on a business level, not a technical level. I tested it over a year ago, so any complaint could well be out of date. I found it to have less features, was more buggy on android, and didn't really detect usernames and passwords on forms as well as lastpass. I used it for a few days and just couldn't come to terms with it.

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

#279

Post by awinder »

jonathankoren wrote: post #229
ramphastidae wrote: post #123

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.

That’s why you create a free Dropbox account or just use your free iCloud account. This is even what 1Password used to recommend as part of its setup, if I remember correctly. I’d it was simply storage, the. It would be an add on, but it’s not. It seems like it’s more of a strategy to increase cash flow by converting to ongoing subscriptions instead of one time purchases. This is the same motivation that switched MS…

So what 1password used to do was charge a higher application fee (think it was like 40 or 50 bucks?) and then also would charge again for larger version releases. Apple (which was/is the largest part of the user base) does not provide a way to do discount pricing on upgrades, and they do provide discounted cuts on their take for subscriptions after the first year. So they absolutely were able to drop the cost to end-users after all of that was factored in, although there are users who have to pay more (people who would stick on old versions). But that’s a nightmare / costly to support, and creates misalignment.

Anyways all of that said, the 3rd party sync solutions all suffered from varying degrees of funkiness that just don’t exist with the native solution. Their switching to monthly pricing was, objectively, very successful and didn’t cost majority of users more money. But there are a small number of people who it rubbed the wrong way, clearly, but any business action is bound to piss some small number of people.

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

#280

Post by paulcole »

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.

You left out the funniest part. That the task...

> should be relatively straightforward.

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