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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#151

Post by bognition »

codethief wrote: post #146
baryphonic wrote: post #111

Earlier quoted context omitted.

> 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…

> When I evaluated KeePass, the Wife-Acceptance Factor (WAF) was not there, though maybe it's improved. How about you share one KeePass file for all shared passwords and keep another one for your personal ones? KeePassDX on Android can easily handle multiple files. I agree, it's not a perfect solution but it's rather low-tech and something the layperson might still understand.

"That sounds like 1 password with extra steps!"

Re: 1Password Has Raised $620M

#152

Post by p2t2p »

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 just hope Apple's password management will finally catch up by the time 1Password goes to toilet.

Re: 1Password Has Raised $620M

#153

Post by [deleted] »

dilap wrote: post #104
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…

Spot on. What's the best thing to migrate to?

[deleted]

Re: 1Password Has Raised $620M

#154

Post by zerkten »

JadoJodo wrote: post #11

Both the Fastmail[0] and Privacy [1] integrations have made 1Password a joy to use in the past few years. I've used premium BitWarden in the past, but the UX of 1Password is hard to beat. Congrats to the 1Password team! - [0] https://blog.1password.com/fastmail-masked-email/ - [1] https://blog.1password.com/privacy-virtual-cards/

A lot of comments don't seem to acknowledge the importance of UX to leveling up security. Historically, security products have had terrible UX with everyone working around these and introducing more risks. 1Password is doing a great service here by making security simple and reduces our overall attack surface.

Re: 1Password Has Raised $620M

#155

Post by InvaderFizz »

baryphonic wrote: post #111
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-Accep…

There is the WAF. There is also the part where when I evaluated KeePassXC two months ago, the browser plug-in would constantly desync and require a full page refresh and entering my master password.

With 1Password, I also have to reauthenticate all the time, but unlike KeePass, TouchID works.

Re: 1Password Has Raised $620M

#156

Post by cletus »

Back in the early smartphone days one of the last mobile games that I recall that simply cost money and didn't nag you for in-app purchases was Angry Birds. You may be tempted to correct me because modern Angry Birds looks nothing like this. Trust me, it was once $1-5 and that was it. And it was pretty popular for a time.

Anyway around this time Rovio (the game studio) raised $42M [1] and I distinctly remember thinking "well that's a huge mistake" and "this is the end".

Companies that produce creative content just don't scale in a way that's compatible with VC. I include game studios and content creators like Netflix in this. Netflix is a prime example of how you just can't throw money at creating content and become HBO. While I agree with Netflix's need for original content, it's become so expensive that their monthly subscription is now too expensive for many to just have and ignore (with the recent price hike it's more expensive than HBO Max).

Anyway, I use 1Password having previously used LastPass and pay for it. I have a bad feeling about this funding round because what can possibly justify it?

To those who argue there are free alternatives, that's true but any I've used just aren't as good. It's not just generating and storing a password and filling out a form. So many companies have subtleties that make this annoying. Maybe it's the username on one page and then password on another. Or the form filling out is incompatible with some shitty Javascript or whatever. This is the real value of 1Paswword.

And can I just complain for a second about how some sites (I'm looking at you American Airlines) add a third field (surname for AA) for no reason whatsoever, which is just awkward for a password manager.

I did learn from this post about the Fastmail integration to automatically create one-use passwords. This is a feature I've long wanted and I'm surprised that Gmail doesn't do this because it seems like such an easy win for users. I may have to sign up for that.

[1]: https://www.reuters.com/article/rovio-accel/angry-birds-crea...

Re: 1Password Has Raised $620M

#157

Post by cpuguy83 »

degoodm wrote: post #115

I hope that's enough to finally make a Chrome extension that works. Theirs seems significantly broken half the time.

I've been using Edge with 1P for the last couple of weeks.

I agree, it used to be terrible. Now it is better than Safari's 1P extension.

Re: 1Password Has Raised $620M

#158

Post by MattGaiser »

1password handed out a $70 off $70 purchase (or the approximate cost in CAD of their family plan) Amex credit last year. Paired with Rakuten, I made a profit by purchasing it. Now I can see why they did it.

Re: 1Password Has Raised $620M

#159

Post by sdoering »

npteljes wrote: post #136
baryphonic wrote: post #111

Earlier quoted context omitted.

> 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…

Did you try BitWarden? I haven't yet, but it's supposed to be basically a FOSS alternative to LastPass / 1Password.

The only downside is that I can't currently use my privately hosted instance as passwd safe with the chrome browser extension. This only works for the hosted version.

So I can't habe autofill, automatic saving of new/changed passwords and password creation and also use the same vault for the mobile app (Android). The mobile app can access the self hosted vault without any issue.

I would love to fully migrate to self hosted bitwarden, but the browser extension irks me. Maybe it is possible and I am just too dumb to find the solution.

Re: 1Password Has Raised $620M

#160

Post by dbbk »

darkwizard42 wrote: post #131
crate_barre wrote: post #4

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

Looks like a large focus will be on corporate users but also on R&D on the next gen side of password management ( https://www.future.1password.com/ ) 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

It doesn't need that much R&D... Apple are already building out iCloud Passkeys

https://www.macrumors.com/2021/06/10/apple-icloud-keychain-p...

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