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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

#311
post #300

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?

pass (passwordstore.org) - self hosted, built from independent components (git, gpg) and completely open source.

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

#312
post #260

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…

> As a personal user, I consider 1Password the GitHub of password management Ah, GitHub. The company which was bootstrapped and profitable like 1Password, but then took venture capital, became unprofitable, and had to sell to Microsoft. Let's hope they aren't the GitHub of password management.

Unless they want Apple to buy them.

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

#313

Earlier quoted context omitted.

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 I tested it over a year ago, so any complaint could well be out of date.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

I use ff exclusively on android and pc/linux. I found 1pass to be inferior on android, but I also use lineageos so maybe that had something to do with it. I dunno, it might be worth another go but lastpass seems to be good enough for me. Even though it does have bugs, as long as I can get the passwords when I need it it's not a big deal for me. The big deal is making sure all forms capture and update passwords as needed, and lastpass seemed to be far better when I was messing with it.

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

#315
post #300

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?

Keepass, been using it for 10 years. Just a password manager, just works well. No fear of being locked in.

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

#316
post #242

I thought Apple had bought them? Am I thinking of a different password management app?

No, they just purchased a corporate license which people assumed was an indication Apple would eventually acquire them. https://bgr.com/2018/07/10/apple-1password-acquisition-deal/

Aha! Thanks. Thought I was going crazy for a bit there.

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

#318
post #223
post #20

I moved away from 1password when they switched from license to subscription pricing. There's nothing wrong with subscription pricing, especially when paired with cloud syncing. Bandwidth and cloud storage aren't free and the app is definitely worth the $2.99/mo. It was a great move for them, just not for me since I don't sync my passwords over the cloud.

> Bandwidth and cloud storage aren't free... I don't use 1password, but I that's where the costs are.

doubt

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

#319
post #80

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.

My company offered that for individual personal accounts in 2015, but perhaps the family plan thing is new.

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

#320

Can someone explain what 1Password gives that iCloud Keychain doesn’t? Is it just the cross platform thing? Because I use iPhone and Mac and iCloud Keychain works really well, I don’t even think about it.

For me, 2FA tokens and easy shared vaults.
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