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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#111

Post by baryphonic »

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…

> 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.

Because 1Password is easy enough to use that my wife and I can share a family plan without her getting frustrated. If one of us has a login the other needs, we can easily share it. When I evaluated KeePass, the Wife-Acceptance Factor (WAF) was not there, though maybe it's improved.

Re: 1Password Has Raised $620M

#112

Post by rdtwo »

theturtletalks wrote: post #89
cstross wrote: post #64

Earlier quoted context omitted.

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.

I wish the Apple password manager worked cross platform.

Re: 1Password Has Raised $620M

#113

Post by abeppu »

Semaphor wrote: post #90
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 ;)

But 1Password previously had the option to _not_ use their cloud, and they deliberately killed it to push people onto their subscription offering. So I think in the context of a conversation about how financial conditions will force changes which change the customer experience, I think it's entirely fair to compare them to a non-cloud option.

Re: 1Password Has Raised $620M

#114

Post by paulryanrogers »

lotsofpulp wrote: post #100
Semaphor wrote: post #90

Earlier quoted context omitted.

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 ;)

The cloud part of a password manager can easily be handled by any file sync service, which are free and indistinguishable in quality from 1password.

Generally agree but there are important edges where that breaks down: shared vaults, one time access, posthominis access, etc.

Re: 1Password Has Raised $620M

#116

Post by chaorace »

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…

It really makes me wonder what kind of conversations had to happen to bring investors on-board. I don't want to give too much credit to investor types, but... surely this must have thrown up some red flags?

Exactly what kind of moon-shot ideas did 1Password start tossing around to get those wallets open?

Re: 1Password Has Raised $620M

#117

Post by chaxor »

Semaphor wrote: post #90
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 ;)

Wouldn't KeePass + syncthing be just as ubiquitously available, with more security?

Re: 1Password Has Raised $620M

#118

Post by rdtwo »

bombcar wrote: post #83
soheil wrote: post #77

Earlier quoted context omitted.

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.

I agree it’s so easy, if they add some sort of plugin that pushes to you phone to verify It’s you - game over.

Re: 1Password Has Raised $620M

#119

Post by chasedehan »

aniforprez wrote: post #80
studmuffin650 wrote: post #60

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 authentic…

True. I’m reading this as an attempt to move into the enterprise auth space (e.g. Okta).

Re: 1Password Has Raised $620M

#120

Post by wilkommen »

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…

I use KeePassXC on my Mac and KeePassium on my iPhone and it’s so great. And it’s free. It’s some of the best free software I’ve ever used.
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