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1Password Has Raised $620M

blog.1password.com

51–60 of 723 posts

Re: 1Password Has Raised $620M

#52

Just makes it more clear: this is no longer a product for "us".

Who is us?

Everyone not part of the set who have just invested $620,000,000 between them.

Which probably means the vast majority of their users have essentially been regraded to “product”.

Re: 1Password Has Raised $620M

#53

Anyone have any insight on how a company like this would even use $620m?

Today 1password is largely a product for tech people. Nobody around me outside tech circles is using a password manager, at all. They have the whole world to conquer! I can envision them (sadly) bought by a larger actor in a few years, at a huge valuation.

Everyone else (ie: non-HN-sapiens) is using the built-in password manager in the dominant browser (Chrome).

Re: 1Password Has Raised $620M

#54

Has anyone migrated easily between password managers? Manually entering my (hundreds?) of unique logins/passcodes would be quite a chore.

When I went from lastpass to bitwarden I could simply export all my passwords to a json file and import them to bitwarden. I think it took like five minutes or something like that.

Re: 1Password Has Raised $620M

#55
They will probably go Dropbox route. Dropbox used to be an excellent file sync cloud service with a robust support on many platforms. They did just one thing and did it well. Now Dropbox is positioning themselves as business-team-collaboration-streamlining-platform for everything whose software is balancing between poorly programmed malware and useless enterprise bloatware.

Re: 1Password Has Raised $620M

#58

Anyone have any insight on how a company like this would even use $620m?

Today 1password is largely a product for tech people. Nobody around me outside tech circles is using a password manager, at all. They have the whole world to conquer! I can envision them (sadly) bought by a larger actor in a few years, at a huge valuation.

Given how many iOS users are out there I don’t think that’s accurate, and I’m pretty sure Android has that feature too.

You’ll be surprised how many people don’t use a traditional computer anymore for most of their “computer time”.

And those who do still use a ‘PC’ probably mainly use Chrome or any other browser with a password manager.

The reality is that for most uses a dedicated PM is simply isn’t necessary.

Re: 1Password Has Raised $620M

#59
I will still recommend 1Password over Bitwarden to non-tech people because their whole UX journey is so well crafted that even my parents can understand it on their own. The valuation is most likely based on that and the potential growth in that market.

I use and pay for Bitwarden but even I always get lost in the clunky UI and get frustrated by basic tasks (to a point I am considering switching). And it only gets worse when you have multiple teams and all the secrets are mixed up.

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