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 ($$$) without any of the pain (public reporting, SOX, etc...). The VCs at this point would be happy with a 3-4x return, because the risk is…
Great. What's the Sourcehut of password management?
In Its First Funding in 14 Years, 1Password Raises $200M Series A
311–320 of 394 posts
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#312This isn't really a typical Venture funding, and is definitely not a "Series A". Traditionally, at this point, 1Password would probably have just gone Public, without any need for venture funding. But, why go to the hassle of doing that when you can get most of the same benefits ($$$) 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.
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#313Earlier 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 I tested it over a year ago, so any complaint could well be out of date.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…
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#314Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#315This 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 ($$$) without any of the pain (public reporting, SOX, etc...). The VCs at this point would be happy with a 3-4x return, because the risk is…
Great. What's the Sourcehut of password management?
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#316I thought Apple had bought them? Am I thinking of a different password management app?
No, they just purchased a corporate license which people assumed was an indication Apple would eventually acquire them. https://bgr.com/2018/07/10/apple-1password-acquisition-deal/
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#317Because I use iPhone and Mac and iCloud Keychain works really well, I don’t even think about it.
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#318I moved away from 1password when they switched from license to subscription pricing. There's nothing wrong with subscription pricing, especially when paired with cloud syncing. Bandwidth and cloud storage aren't free and the app is definitely worth the $2.99/mo. It was a great move for them, just not for me since I don't sync my passwords over the cloud.
> Bandwidth and cloud storage aren't free... I don't use 1password, but I that's where the costs are.
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#319This isn't really a typical Venture funding, and is definitely not a "Series A". Traditionally, at this point, 1Password would probably have just gone Public, without any need for venture funding. But, why go to the hassle of doing that when you can get most of the same benefits ($$$) 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.
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#320Can 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.