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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#81

Post by gruez »

fxtentacle wrote: post #50

"1Password Has Raised $620M" Ah fuck. They now need to grow at any cost to earn all that money back. And they'll throw their users under the bus, if they have to, because it's either grow like a unicorn or go bust. Also, I sincerely have no clue how a password manager could be so expensive. Last time I checked, the excellent KeePassXC was still free open source and developed by volunteers in their free time. How come…

>How come 1Password needs the equivalent of 7750 years of $80k annual salary to build the same?

sales/marketing

Re: 1Password Has Raised $620M

#83

Post by bombcar »

soheil wrote: post #77
bombcar wrote: 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.

Apple is so close with Keychain, I feel if they spent a bit a time on the UI of it and offered some plugin capability it'd be perfect.

Re: 1Password Has Raised $620M

#84

Post by yabatopia »

ziggus wrote: post #12
bombcar wrote: 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.

So that means what? My password manager is going to start crypto-mining, and share the profits with me? My password manager is going to report all the sites that I have stored passwords for back to the companies? Whatever the case may be, I'm sure it's going to turn out to be something completely worthless to me. Fortunately, there's always Keepass, which keeps plugging away doing exactly what it says on the tin.

> Whatever the case may be, I'm sure it's going to turn out to be something completely worthless to me.

You're probably right. Here's their vision of the future: https://www.future.1password.com/

It screams CORPORATE. Not a single mention of family or single user. It's all about business security, safely sharing data, protecting your company, etc.

Re: 1Password Has Raised $620M

#85

Post by noirbot »

yabatopia wrote: post #84
ziggus wrote: post #12

Earlier quoted context omitted.

So that means what? My password manager is going to start crypto-mining, and share the profits with me? My password manager is going to report all the sites that I have stored passwords for back to the companies? Whatever the case may be, I'm sure it's going to turn out to be something completely worthless to me. Fortunately, there's always Keepass, which keeps plugging away doing exactly what it says on the tin.

> Whatever the case may be, I'm sure it's going to turn out to be something completely worthless to me. You're probably right. Here's their vision of the future: https://www.future.1password.com/ It screams CORPORATE. Not a single mention of family or single user. It's all about business security, safely sharing data, protecting your company, etc.

I mean... that seems fine? Taking a consumer product and making a business version of it feels like a totally ok way to grow a company that already has a stable product that people like. Them making new features you don't use doesn't mean they're going to break or diminish the stuff you do use.

Sure, they could mess it up, but any company or open source project can mess everything up.

Re: 1Password Has Raised $620M

#86

Post by scblock »

fxtentacle wrote: post #50

"1Password Has Raised $620M" Ah fuck. They now need to grow at any cost to earn all that money back. And they'll throw their users under the bus, if they have to, because it's either grow like a unicorn or go bust. Also, I sincerely have no clue how a password manager could be so expensive. Last time I checked, the excellent KeePassXC was still free open source and developed by volunteers in their free time. How come…

Exactly. Once you raise a bunch of VC money you've sold your actual business to vampires. From now on it's grow at any cost. Add bloat, feature creep, unrelated projects, cost increases, and probably user data mining and sales on top of it. How was their rather expensive subscription fee and large subscriber base not sufficient to continue operating profitably?

Re: 1Password Has Raised $620M

#88

Post by hcurtiss »

I don't know if anybody uses Edge like me, but I feel like people should know that Edge with Authenticator works VERY WELL for password management. It is very close to feature parity with Lastpass and 1Password, it's cross platform, and it's free. After something like eight years, we dropped our subscription to LastPass.

Re: 1Password Has Raised $620M

#89

Post by theturtletalks »

cstross wrote: post #64
bombcar wrote: 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.

Sounds like they've noticed both macOS and Windows getting integrated cloud-based password management capabilities and feel the need to branch out in order to stay one jump ahead of irrelevance. (Disclaimer: I'm a satisfied 1Password customer. Just noting that their competitive edge is wearing razor-thin these days.)

I long hoped Apple would buy out 1Password and include it in their iCloud+ subscription.

Re: 1Password Has Raised $620M

#90

Post by Semaphor »

fxtentacle wrote: post #50

"1Password Has Raised $620M" Ah fuck. They now need to grow at any cost to earn all that money back. And they'll throw their users under the bus, if they have to, because it's either grow like a unicorn or go bust. Also, I sincerely have no clue how a password manager could be so expensive. Last time I checked, the excellent KeePassXC was still free open source and developed by volunteers in their free time. How come…

1Password has the cloud, so maybe a better comparison would be bitwarden, not free (to use their hosted service) but FLOSS. Everything else stands, though ;)
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