131–140 of 723 posts
Anyone have any insight on how a company like this would even use $620m?
It doesn't explicitly say enterprise all over that, but I expect it to be that way, only place you can get that sort of return on investment
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/
They want to become something like a Passport for users across the web.
If they can do this, it will be huge. But hopefully I'm not alone in hating this direction and see tracking individual identities as a small price to pay to protect freedoms.
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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.
Oddly enough 1Password could innovate productively here: use some market clout to push for a standard way for password managers to do automatic password rolling without user interaction. Imagine a world where a standardized protocol let a company put out verifiable "we've been hacked notice" and my password manager would just take care of it next time I opened it (or throw a prompt or something). Doubt this is going…
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.
Are "password storing" tech companies worth a billion or so? And what's the "unique selling point" that stops me switching from one to another?
For some very rough context: - Duo was acquired for $2.35B
- Ledger was valued at $1.5B
- Dashlane was valued at $1B
- Yubico was valued at $600M
- LastPass was acquired for $110M
- Trezor has an annual revenue of $5M
- Authy was acquired after receiving investments of $3.8M
"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-Accep…
Has anyone migrated easily between password managers? Manually entering my (hundreds?) of unique logins/passcodes would be quite a chore.
Bitwarden has an import option that will pull from a lot of other password managers. However, it definitely isn't perfect.
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Spot on. What's the best thing to migrate to?
KeePass
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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.
So they go where there's real money to be made. They are well-positioned to become the default choice to handle corporate day-to-day cyber-security needs of most non-tech businesses, and if they can pull it off even moderately successfully it will make them the biggest Canadian IT company. Family accounts never ever will.
That doesn't mean their product won't remain the best* choice for individuals and families. Microsoft also doesn't give a damn about family or single users of Office, yet we all* use it because it's still the best* product on the market.
* words like 'all' and 'best' are approximations of what's going on in the real world, not in HN where significant numbers of people may very well be using LibreOffice and the Nth fork of Keepass.