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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

#331

Post by alpb »

ArlenBales wrote: post #273
the_narrator wrote: post #226

Earlier quoted context omitted.

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).

Does 1Password 7 actually support buying a license instead of a cloud subscription? You mentioned a "free version" using local Dropbox sync –that was definitely not free in 1Password 6 as that's what I'm doing right now. What has changed?

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

#332

Post by alpb »

syntheticcdo wrote: post #320
pertymcpert wrote: post #317

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.

It's actually not recommended to keep your 2FA tokens and passwords at the same place (i.e. your 1Password vault). The whole point of 2FA is the separation (something you _know_ and something you _have_).

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

#334

Post by htns »

juped wrote: post #300
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?

pfp: https://pfp.works/

With its generated passwords there is no way to lose your passwords in a hilarious backup failure.

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

#335

Post by [deleted] »

scrollaway wrote: post #46
toomuchtodo wrote: post #14

Earlier quoted context omitted.

There are several competing password managers today of course! My take is that like Dropbox (disclaimer: paying Dropbox customer until iCloud Files is just a bit better), this is a feature, not a product (unless you need team or cross platform functionality, but for teams you should probably be enterprise grade with SSO instead of sharing creds). I'd switch from BitWarden to a native Apple solution the moment the Key…

As a sole user it's definitely a feature-not-product, but for teams 1Password really is a product with its extensive access controls etc. Kinda reminds me of identity management / authentication. These also are features, right? But I feel a lot better about delegating that feature to a business whose core competency is that (eg. Okta, Google, …). "Payment" also is a feature, but I'd never not use Stripe.

[deleted]

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

#336

Post by asdff »

journalctl wrote: post #9
aljungberg wrote: post #5

This may become another example of a good company catering well to a specific niche, then taking on money until they are unable to cater well to their original niche anymore. Solving a specific problem well in a market worth $X is not compatible with taking 10 * $X in funding — you will be forced to start doing something else so you can make ROI. Along the way you’ll probably alienate your existing market by price go…

So what you’re saying is someone had better start working on a competing password manager today.

Like apple, firefox, google, etc...

Once the big horses are in the game, it's over. You cannot overcome the brute force of production and cash. Just look at dropbox impoding.

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

#337

Post by lawnchair_larry »

aljungberg wrote: post #5

This may become another example of a good company catering well to a specific niche, then taking on money until they are unable to cater well to their original niche anymore. Solving a specific problem well in a market worth $X is not compatible with taking 10 * $X in funding — you will be forced to start doing something else so you can make ROI. Along the way you’ll probably alienate your existing market by price go…

Unfortunately they already started going this route recently. I have heard BitWarden is good, but I’m turned off by the thought if an Electron apo.

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

#338

Post by lawnchair_larry »

swozey wrote: post #120
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.

I mean one is giving me tons of entertainment and one is opening an encrypted file on my machine and has a lot of alternatives and was already considered overpriced. If you asked me 6+ years ago if I'd pay for $370 worth of 1password for 5 years I'd laugh you out of the room. It's a lot easier when it's a monthly fee to get that money out of me.

And it’s no wonder they are trying to kill the offline and non-subscription options.

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

#339

Post by mssun »

For those who have concern about security, pass (https://www.passwordstore.org/) is a good alternative. It supports many clients like Pass for iOS (https://github.com/mssun/passforios), Password Store Android (https://github.com/android-password-store/Android-Password-S...). The good thing is that all are open source.

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

#340

Post by jodrellblank »

scott_s wrote: post #265
jodrellblank wrote: post #166

Earlier quoted context omitted.

Am I the only one who considers this a good thing? Why do you see this as a good thing - what good will come of it for you? You’re describing a tool which already does what you want; With this investment, 1Password need to squeeze half a billion extra dollars out of you just to give to investors. What is it that their tool doesn’t do for you, which needs that kind of trade for them to be able to build it?

Because I want them to continue to exist. They provide a service, not just a software product. This makes me even more confident they will be able to continue providing that service for many years.

I haven't tried to find out from their finances, but this move would worry me; I'd assume that previously they were independent and profitable, and that now they're on a deadline to generate a lot of return on investment and most likely future is to be acquired in a single digit number of years and then absolutely ruined by the acquiring company (because that seems to be what acquiring companies do - buy things and wreck them).
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