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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#161

Post by fps-hero »

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…

Could you even raise those funds If you sold every password they control on the dark web?

Re: 1Password Has Raised $620M

#163

Post by textcortex »

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…

I think VCs are also making their decisions based on that “WAF” factor.

Re: 1Password Has Raised $620M

#164

Post by abduhl »

moritonal wrote: post #142
chaorace wrote: post #116

Earlier quoted context omitted.

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?

Passwords are boring, hard and important. Customers know that, so are likely willing to spend a monthly fee to feel safe. Critically, they're unlikely to swap to a different provider when there's so much setup involved. Lot of money to make with those factors.

The data that can be obtained on users by just knowing where they choose to create logins for is also worth immense amounts of money, without even talking about how often they login.

Re: 1Password Has Raised $620M

#166

Post by erinnh »

sdoering wrote: post #159
npteljes wrote: post #136

Earlier quoted context omitted.

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…

I dont have any Chrome browser to test, but this has always been possible with the Firefox extension, so Id be surprised if it wasnt possible.

There is a small cog in the top left side where you can change the URL to use when you login, in case you simply overlooked it.

Re: 1Password Has Raised $620M

#167

Post by otterley »

ballenf wrote: post #132
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/

Looks like they're aiming to become a cloud-based active directory, abstracting away authentication to a higher level single identity. 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.

Microsoft tried this over 20 years ago, even calling it Microsoft Passport and offering it free of charge, and it failed miserably: https://news.microsoft.com/2001/08/12/microsoft-passport-bri...

Re: 1Password Has Raised $620M

#168

Post by pier25 »

bognition wrote: post #149
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…

I've had the exact same experience. It took me about 5 minutes to teach my partner how to use 1Password and its been years since I had to help them use the app. I've stopped worrying about password re-use or compromise. Now I'm teaching my kids to use it and they love it b/c they dont have to make up or remember passwords. Yes there are other technically equivalent options but the fact I can get it setup on an iOS de…

> b/c they dont have to make up or remember passwords

The same could be said about any password manager though

Re: 1Password Has Raised $620M

#169

Post by npteljes »

germinalphrase wrote: post #45

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

1Password seems to have an Export function which can agree with the KeepassXC's Import one, for example.

https://ryannickel.com/html/migrating_from_1password_to_keep...

Re: 1Password Has Raised $620M

#170

Post by circa »

I used to use Lastpass but once they were bought out, I bailed. Anytime I see these types of Password articles I always like to share that I've been using Dashlane for years and love it. Multi-platform and now its all browser based. The iOS app is great too. It also includes a VPN with the pro plan. https://www.dashlane.com/cs/1k5JfApcebh1
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