Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

news.crunchbase.com

Post reply on HN
Print view View original

341–350 of 394 posts

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

#341

Post by tomc1985 »

harikb wrote: post #121
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…

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…

The coverage for even the best password managers miss a ton of key touchpoints where they'd be useful. I use mine very reluctantly. This attitude of 'password managers for everything!' doesn't make any sense to me when half the login prompts I encounter aren't supported

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

#342

Post by wokkel »

GordonS wrote: post #291
TimTheTinker wrote: post #203

Earlier quoted context omitted.

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 (…

The duration of the isv cloud contract you mean. I have ple ty of perfectly running applications where the vendor has long gone. Also, i hate paying for a relatively small feature such as a password manager. Keepass on a webdrive offers the same for free and i get to look at the source as well which in my opinion is a requirement for something zo fundamental.

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

#343

Post by mackrevinack »

stevenjohns wrote: post #92
vikingcaffiene wrote: post #87

Ugh. I have been a happy paying customer for many years now. I went all in on 1p specifically because they didn't do shit like this. When a CEO says things like "we need to grow aggressively" I hear "we need to find ways to foist new trash features no one asked for upon our users and then ignore them to get the big enterprise bucks". Time after time I see great products get ruined by that mindset. See Dropbox. See Ev…

Check out Bitwarden. This[0] event sealed the deal for me that I wouldn't use 1Password again, and Bitwarden was a great alternative. [0] https://news.ycombinator.com/item?id=20417832

in the past i recommended lastpass to people who are just getting started but now I recommend bitwarden instead unless someone needs password sharing. the UI is a lot simpler for a first timer to pick up.

the reason I don't use bitwarden myself anymore is because I started using syncthing and it seemed like a waste that I wasn't using it to sync my passwords as well. so I'm using keepass now. its not as pretty but the autotype feature is great and it means I need one less browser extension that I need installed

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

#344

Post by ksec »

jejeiloo9 wrote: post #231
ksec wrote: post #216

Earlier quoted context omitted.

> all they really need to do over the next 3-4 years is build an $3.2B company, I really did laugh out loud as you make it sound so easy. Having said that the money isn't in the consumer side, but the Enterprise. 1Password is only just entering this market and there are huge potential.

The potential is just as huge Apple and MS add “good enough” solutions. From a biz context, 1pwd is winning in its niche. But it’s just a feature the OS vendors haven’t prioritized from a technical context. I am grabbing AWS keys from MacOS keychain and can access creds I save in iCloud from any device. Uh oh 1pwd

That is assuming your whole Enterprise is only on macOS, which I think none of the Fortune 500 companies are.

If you have cross platform to support, and want the best experience ( or I should say equal experience ) than a decent third party Password Manager is the only way to go.

I would have thought Google would be interested in this market, but ever since the birth of Android, all the wanted is Chrome or Android Integration.

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

#345

Post by baot »

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…

So what is to stop someone else who wants a slice of that 3 billion? We have AWS and Keepass (though it is GPL) for anyone to quickly implement there own competitor, or the already-huge userbases of Google, Apple, and Mozilla's implementations. With such a low barrier to entry, won't it become a commodity? And aren't we moving away from passwords as a whole?

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

#346

Post by GordonS »

wokkel wrote: post #342
GordonS wrote: post #291

Earlier quoted context omitted.

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 (…

The duration of the isv cloud contract you mean. I have ple ty of perfectly running applications where the vendor has long gone. Also, i hate paying for a relatively small feature such as a password manager. Keepass on a webdrive offers the same for free and i get to look at the source as well which in my opinion is a requirement for something zo fundamental.

> I have ple ty of perfectly running applications where the vendor has long gone

Hmm, thinking about it, for simple image editing stuff I still use a version of Paint Shop Pro from something like 10-15 years ago, and it still works great.

I think then that it depends on the kind of software, and the expectations of the user: is it beneficial to store data in the cloud for easy access from multiple devices?; do you want security updates? do you want new features?; do you want support?

I also use Keepass, with passwords stored on a cheap VPS using SFTP. Works great on Android with Keepass2Android too. But of course, this is not something a general comsumer is going to setup.

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

#347

Post by DavideNL »

callumprentice wrote: post #263
DavideNL wrote: post #251

Earlier quoted context omitted.

Perhaps you are correct, I think the situation might be this: 1. Add a new 1Password item on device 1 2. Do _not_ open the 1Password app on device 2 3. At some point/the next day or whatever, device 2 goes offline 4. Now, while offline, you do not have access to the new item on device 2 because data wasn't synced because the 1Password app hasn't been opened after #1. The problem seems, 1Password doesn't sync the data…

Interesting and sounds very plausible. Typically, for example, I'll add a travel doc for a trip on my desktop and then try to open it in a different location (often country) on my phone for the first time. Maybe worth me submitting a feature request that facilitates making checked items available offline (like I think Dropbox/Google Docs iOS apps support).

I just saw this has been requested/discussed already on the 1Password forums:

https://discussions.agilebits.com/discussion/108049/ios-iclo...

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

#348

Post by hoistbypetard »

warpech wrote: post #54
jliptzin wrote: post #50

Earlier quoted context omitted.

I haven’t tried 1password, I have been using LastPass, would you recommend I switch?

Bitwarden IMO beats LastPass and 1Password. Very polished, hassle free experience

I switched to bitwarden from 1password when frustration with mac laptop hardware drove me to a thinkpad running fedora workstation as a daily driver and 1password's new stuff wouldn't run well in wine.

I run a self-hosted bitwarden server, which I love.

But the client is, in my opinion, not nearly as good as 1password. Its login detection is often disruptively wrong. The need to unlock the keychain each time you start a client is aggravating. The fact that the keychain doesn't lock itself when I lock the worstation is more aggravating. It's sensitive to server downtime when it should be able to work offline. The desktop app is either electron or something very similar and chews battery for me if I accidentally leave it running. 1password's secure notes are far richer. 1password's storage for software licenses is useful and bitwarden offers nothing similar that I've been able to find.

I'm not saying any of this to shit on bitwarden. I like it, and pay for it both in dollars to bitwarden and in time spent keeping the server running/patched. (Which I know is optional, but I really like having it self-hosted).

If 1password could offer me a decent linux desktop experience and a self hosted server, I'd switch back. I liked it that much better.

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

#349

Post by vsl »

NeedMoreTea wrote: post #53
jliptzin wrote: post #50

Earlier quoted context omitted.

I haven’t tried 1password, I have been using LastPass, would you recommend I switch?

Not any more. It used to be a no brainer, but they switched to cloud based subscription at great cost increase, loss of some features, and dark-patterned the native app into invisibility. Native is still available apparently, but you won't find it from the homepage, unless they were persuaded to change recently. Report an error in the native app, and they suggest switching to cloud subscription without addressing the…

The subscription version still uses native app. It’s not a webpage or electron crap. From context, you mean “one-time purchase”.

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

#350

Post by inferiorhuman »

hnra wrote: post #178
robenkleene wrote: post #167

Earlier quoted context omitted.

Wha..? I'm totally not following, iCloud syncing is completely transparent and built-in to 1Password. There's 0 extra work to support it (outside of finding how to turn it on, because it's buried in the UI), there's literally less work than 1Password's own subscription service, because that requires setting up an account whereas iCloud doesn't.

You can use iCloud without an account? Is iCloud available outside of Apple ecosystem? Otherwise it doesn't seem very relevant since its not a general solution.

Is iCloud available outside of Apple ecosystem?

Yes.

Post reply on HN