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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#71

This kind of announcement tends to ring all kinds of alarm bells for me. What kinds of changes should we expect to make those huge investments worthwhile for the investors? My 1Password installation is grandfathered from a time when it was just a standalone app, without subscription. Will it just stop working one day to bully me into subscribing? Can you even start using 1Password these days without buying a subscrip…

Apparently v8 is subscription-only.

Re: 1Password Has Raised $620M

#73

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.

This makes me think that the real problem here is vendor lock in. If users didn't feel such a reluctance to switch between services then there wouldn't be such an incentive to bloat existing services rather than just building it somewhere else.

Re: 1Password Has Raised $620M

#74

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

I recently migrated from 1Password using Dropbox for sync, to KeePassXC (Windows, Linux & Mac) and Strongbox (iPhone & iPad) still using Dropbox.

Migration was a simple matter of exporting a CSV and then just correctly selecting the column order for KeePass import.

For those who don't want to trust a third party, even with their encrypted data, I believe that home NAS sync-when-available is possible - I personally haven't tested the implications of syncing changes from multiple devices at the same time in that scenario.

Re: 1Password Has Raised $620M

#75

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.

Did they have a choice? Companies like Google and Microsoft provide a package of file sync cloud service bundled with many other services, for the same or lower price. Most people/companies would find that a better deal.

Re: 1Password Has Raised $620M

#76
I really wish they weren't doing away with 1password classic and the native mac app. I like the fact I bought a license, that I can store the data on dropbox or icloud, and it works just fine.

Yes, this is old news and sour grapes on my part. I just don't yet feel like migrating to bitwarden.

I've been using 1password for 12 years since I saw it on a tutorial on peepcode.com. I actually taught my mother how to use it, she's been using it for 9 years, and last weekend she was upgrading all her passwords to use 2fa with the QR code capturing facility.

We had to go find the 1password classic browser extension (something stopped working, needed to reinstall it) and that took a bit of doing. 1password is not making it easy to find anymore, and when she contacted customer support (before talking to me), their response was to upgrade to a paid account and store your passwords on a server.

Ugh.

Honestly, now that they've raised this much cash, would it really be that big of an inconvenience or lift for them to give mac users a native app instead of the electron one and keep allowing legacy users like me to use 1password with our existing licenses and dropbox?

I think they'd be able to hire some additional developers and product/project people to make it happen. Not continuing to work on the classic project just feels like a kick in the shins.

Now, I'm building out my kubernetes cluster at home, and bitwarden is something I'm going to experiment with as a backup, but 1password 7 works fine and I just don't want to migrate to a paid account.

C'mon 1password, make your legacy customers happy!

Re: 1Password Has Raised $620M

#77
post #5

`But we don’t just want to keep up; our goal is to push the envelope and explore beyond the boundaries of traditional password management.` Hmmm, sounds like the time to migrate may be sooner than I'd hoped.

I really love an alternative that does these:

1. native app (no bullshit JS based) for speed 2. the same keybindings CMD+\ or Option+CMD+\ to fill in or pop up the menu 3. sync with icloud 4. not look like total shit (ie. lastpass)

Do these basic things and I think you can easily steal 1pass users.

Re: 1Password Has Raised $620M

#79
Why does a password manager need that kind of money ? They have their server software, apps/clients and infrastructure in place. They also have customers and presumably earn enough to maintain and grow.

What is it that they plan to add that needs 620 mil ?

Re: 1Password Has Raised $620M

#80

Seems like a lot of people are missing the piece as to probably why they need the money (and where they're pointing the company in the future). Future of 1Password: https://www.future.1password.com/

I'm actually surprised by all the reactionary comments here with almost no research. 1Password already has integrations with Fastmail and Privacy and have launched a Secrets Automation[0] offering. I'm assuming this money does go partially into the password manager (which they say has always been profitable) but I think the money would actually go into ancillary services for competitors to Vault or Okta for authentication and secrets. Of course, it's not unfounded that as consumers we'd be concerned about the affect this might have on the base product but they've been pretty open about their ambitions since the first funding round a couple of years ago

[0] https://1password.com/secrets/

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