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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

#361

Post by scott_s »

jodrellblank wrote: post #340
scott_s wrote: post #265

Earlier quoted context omitted.

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 w…

On the contrary, I think they will be less likely to be displaced by someone else who targets the corporate market.

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

#362

Post by callumprentice »

DavideNL wrote: post #347
callumprentice wrote: post #263

Earlier quoted context omitted.

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...

Looks hopeful - thanks for the heads up.

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

#363

Post by scarface74 »

nixgeek wrote: post #356
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…

They’re selling Teams at $4/mo per user and I guess if they go after enterprise we’ll see additional tiers with features aimed specifically at that. It doesn’t take too many deals with huge companies who need cross-platform to get to $200-300 million, and “worth” $3.2bn. Multiples from revenue have been a little interesting lately.

And as soon as they start moving into the enterprise, Microsoft is going to offer a good enough cross platform password manager and bundle it into Office 365.

People made the same argument with Slack. How is that working out?

I don’t know about Android, but iOS supports third party password managers through the extension system.

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

#365

Post by askafriend »

agwa wrote: post #260
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…

> 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.

GitHub being sold to Microsoft was a huge win for GitHub. They got acquired for $9B which is a staggering valuation - one they never would have gotten on their own.

Not only that, but the GitHub product is getting much better under Microsoft.

So overall I think it was a win for consumers too.

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

#366

Post by TimTheTinker »

GordonS wrote: post #346
wokkel wrote: post #342

Earlier quoted context omitted.

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 wa…

> I think then that it depends on the kind of software

I agree completely. I never want to pay more than once for Photoshop/Illustrator/etc. -- and the fact that Adobe has turned those into SaaS products really annoys me.

But products like an OS, browser, cloud-synced password manager, mail client, online git hosting, etc. -- for those, I would prefer to pay a subscription fee (to a company I trust to use it well).

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

#367

Post by snowwrestler »

acjohnson55 wrote: post #319
halite wrote: post #80

Earlier quoted context omitted.

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.

It is explicitly listed on the 1Password site as a benefit of the Business level plan:

https://1password.com/teams/pricing/

"Free family accounts for all team members - $60 value per person"

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

#368

Post by hk__2 »

Marsymars wrote: post #302
hk__2 wrote: post #285

Earlier quoted context omitted.

How did you do that? I can’t find a way to pay 1Password in € rather than $. Every year my bank is stealing^W taking a fee because 1Password is billing in USD.

I went through 1password.ca, 1password.eu seems to direct to pricing page with € pricing.

Thanks, I didn’t know there was a 1password.eu. Unfortunately for me there’s no automatic way to change region [1].

[1]: https://support.1password.com/regions/#change-your-region

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

#370

Post by scarface74 »

Arubis wrote: post #352
scarface74 wrote: post #298

Earlier quoted context omitted.

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.

It worked out well enough for them to get an exit. DBX is unexciting, but it’s not a penny stock. And Google and Microsoft do exactly that already.

That’s originally what I said, if you define “success” as the original investors being able to pawn a money losing company off on the public market, it could be successful.

But if you define success as a company that can actually turn a profit consistently, Dropbox is not a success.

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