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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

#291

Post by GordonS »

TimTheTinker wrote: post #203
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…

I appreciate the subscription model, since it aligns with the fact that secure products must continue to be developed to stay secure. Security is a process, not a destination.

I used to feel very differently about this as a consumer, but when you see things from the other side as an ISV, it's obvious that a one-time fee isn't a sustainable business model - if you want the software to remain available, you need to pay for the duration.

A SaaS model works well for both sides, I think - consumers always have the latest version and their data is highly available and safe against local events (storage failure, fire, flood etc); the business has (relatively) reliay income stream.

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

#292

Post by therealx »

abendy wrote: post #173
ping_pong wrote: post #158

Earlier quoted context omitted.

it's also broken on all Windows, and for Chrome on Mac. I also have my 1Password 6 license using Dropbox to sync and I just cut and paste my passwords now. I don't want to pay subscription since I paid $80 already for something that doesn't substantially change.

I use v6 on Mac/Chrome and it works as expected. When did it stop working for you? And have you found a work around? I'm dreading the day this stops working. I'll probably bail on this company if they prevent me from using software that I have paid for unless I upgrade.

You can't expect them to keep updating old versions to work with new operating systems. I agree they should not turn off old versions, but thats not whats happening.

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

#293

Post by kuzimoto »

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…

> Does e.g. Keepass provide this essential functionality without a Cloud integration of some kind?

For what it's worth, I use it with an ssh plugin, so I only store the database on one machine, and connect using ssh on desktop/Android.

It's also pretty straightforward to set up something like syncthing, making it easier for average person.

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

#294

Post by Arubis »

scarface74 wrote: post #283
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…

It doesn't really matter if 1P is dominant across the whole market. It matters a lot if it's dominant across the part of the market that's willing to pay actual cash money for password management.

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

#295

Post by h1d »

nytesky wrote: post #48
swozey wrote: post #34

Earlier quoted context omitted.

Bitwarden will be the most recommended. I tried it to move off of 1password a few months ago, there was a time where 1password kept breaking the extension in every OS I was using. I can't remember exactly what was missing but there were several things I was used to in 1password that weren't available in bitwarden that made it feel clunkier to me. It's UI is definitely the closest you'll get to 1pass. I think a big re…

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…

I understand the concern too.

It's also raised at their official forum but no reply from the author.

https://community.bitwarden.com/t/who-is-hosting-bitwarden/1...

The author did take an interview in 2018.

https://opensource.com/article/18/3/behind-scenes-bitwarden

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

#296

Post by forrestthewoods »

I quit 1Password for Bitwarden. I don’t need to pay $5 a month to store a 10kb database file in the cloud.

I had a paid app that worked fine. But they tried really really hard to force you into subscription service. Thanks but no thanks.

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

#297

Post by munificent »

lorenzhs wrote: post #163
munificent wrote: post #103

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…

This is not an unexpected, one-time $370 expense. It's $370 spent over six years.

According to CBS [1], the cheapest city to live in in the US Harlingen, Texas. The Nacho Supreme at Pepe's "homey" Tex-Mex "joint" [2] is $9.95. If you can afford to treat yourself to a plate of those nachos once every two months, then you could have afforded to secure all of your passwords.

[1]: https://www.cbsnews.com/pictures/10-cheapest-places-to-live-... [2]: http://pepesrgv.com/

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

#298

Post by scarface74 »

Arubis wrote: post #294
scarface74 wrote: post #283

Earlier quoted context omitted.

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…

It doesn't really matter if 1P is dominant across the whole market. It matters a lot if it's dominant across the part of the market that's willing to pay actual cash money for password management.

How did that work out for DropBox? Google and/or Microsoft could announce tomorrow that they are either giving the same functionality away or bundling with their Office product.

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

#299

Post by mplanchard »

fireattack wrote: post #209
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…

What does "mm" in $800mm mean?

I believe this is because 1000 in Latin is “mille” (also modern French), so 1 million is one thousand thousands.

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

#300

Post by juped »

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…

Great. What's the Sourcehut of password management?
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