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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

#281

Post by sixstringtheory »

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.

It’s probably similar but I’m not convinced it’s preferred. If I lose that journal anyone can read it. If I lose my computer it is most likely locked already, and if not it (as well as 1PW) autolocks itself after a short time.

Also like I mentioned elsewhere, I do sync my vaults, but only using the local WiFi option.

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

#282

Post by tempestn »

behringer wrote: post #277
pfundstein wrote: post #270

Earlier quoted context omitted.

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 I tested it over a year ago, so any complaint could well be out of date.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.

I'm really surprised by that. I eventually abandoned Lastpass for 1password around a year ago because I couldn't handle Lastpass's bugs any longer. (And those bugs had eroded my confidence in their ability to keep passwords secure.) I'm also on Android, but the difference is probably that I use Firefox. LP has treated Firefox as an afterthought for quite a while now, with numerous serious bugs languishing for months or even years. Since moving to 1pw I've had very few complaints. The autofill on Android isn't perfect, but it's better than Lastpass was. And the desktop product is flawless aside from a bit of an Apple-centric design.

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

#283

Post by scarface74 »

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…

Even if 1Password is dominant, it’s really in the bubble to think that most people use 1Password. Users are generally happy with their passwords syncing through Google or Apple.

The YC darling DropBox still isn’t profitable and probably never will be as they are becoming “just a feature”.

1Password will doubtfully never be profitable enough to be worth $3.2 billion. Whether they can pawn themselves off to the public markets first is another question.

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

#284

Post by tempestn »

aquark wrote: post #259
lotophage wrote: post #228

Earlier quoted context omitted.

Most people I know who use password managers beyond Chrome/iCloud use LastPass. All the companies I have worked for in the last 7 years have used it too.

I switched from LastPass to 1Password earlier this year (after 5+ years of use) due to issues with LastPass stopping sync. 1Password fixed that and numerous UI glitches around the actual password filling in that I was just living with. It is night and day a better experience ... and no invested interest in them (unfortunately!)

Similar situation here. Also, anecdotally, I recall hearing numerous tales of people making that switch, but few to none moving in the other direction. (Which doesn't surprise me at all having experienced both products.)

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

#285

Post by hk__2 »

Marsymars wrote: post #253
harikb wrote: post #121

Earlier quoted context omitted.

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…

Small touch, but my office recently starting 1Password in large part because most of the competition only offer USD billing. While we can pay for services in USD, it's unpalatable given none of our own income or accounting is done in USD.

How did you do that? I can’t find a way to pay 1Password in € rather than $. Every year my bank is stealing^W taking a fee because 1Password is billing in USD.

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

#286

Post by hk__2 »

joegahona wrote: post #190
jliptzin wrote: post #50

Earlier quoted context omitted.

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.

> I hated 1Password.

This is not helpful. Why did you hate it?

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

#287

Post by GordonS »

halite wrote: post #80
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…

1Password is slowly starting their enterprise game. All employees were offered 'free' 1Password accounts last week for entire family as long as I'm with my current company.

I'm reading this as a negative comment - do you really feel negatively about this gesture/benefit?

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

#288

Post by hk__2 »

jonathankoren wrote: post #218
munchbunny wrote: post #145

Earlier quoted context omitted.

> The 1password employees must be down voting me. It's ridiculous that I get down voted for a specific opinion about the topic. I was going to just disagree with you without downvoting, because I specifically was looking for cross device sync and mobile support (and specifically looked for a mobile app that supported using FIDO as a second factor to protect the vault. However, attributing downvotes to employees/shill…

Downvotes aren’t a counter argument. All it means is you made someone feel bad for some reason. Social vote counters are just sentiment thermometers. UPDATE: this is now -1 with no comments. I proved my point.

From HN Guidelines:

> Please don't comment about the voting on comments. It never does any good, and it makes boring reading.

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

#289

Post by therealx »

lotsofpulp wrote: post #79
nytesky wrote: post #58

Earlier quoted context omitted.

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.

I like that keychain is limited, at least it makes me feel like there’s fewer possible vulnerabilities. KeepassX and minikeepass on iOS are my go to for secure notes. I don’t see the need for super convenience with my credentials, I’m willing to do some work to access them. Either way, I’m not handing over a database of login info to a SaaS company. Might make sense for large companies though.

Except it's not limited? Have you ever opened "Keychain Access" on your Mac?

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

#290

Post by therealx »

dylan604 wrote: post #219
ummonk wrote: post #184

Earlier quoted context omitted.

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?

I've read 4/10 a couple of times now, and all I hear is my math teacher yelling "reduce your fraction".

Me too, but when I think of 2/5, it is a little harder to picture. I don't know if that's just because I already let 4/10 get into my head though.
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