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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#191

Post by api »

Sytten wrote: post #187
api wrote: post #125

Earlier quoted context omitted.

Nerds continue to fail to grasp the value of UI/UX. This has always been why FOSS and similar solutions have failed to compete in the market in spite of being "free" and often technically superior. UI/UX is everything. Apple became the most valuable company in history on the back of UI/UX alone. Their tech is decent but not that much better than anyone else's, but their stuff is at least marginally easier to use and…

I made the same argument below but I was downvoted to hell. Bitwarden is not an alternative to 1Password that passes the wife/parent/elder test because the UX is so bad they need to call me everytime something isnt exactly working as before.

You were downvoted to hell because nerds continue to refuse to understand this. At this point it's flat out denialism.

This refusal to understand UI/UX goes way way back in hacker culture:

http://catb.org/jargon/html/P/point-and-drool-interface.html

This seems to be a general characteristic of enthusiasts.

To design a good car for people other than car enthusiasts, you have to hate cars or at least be able to place oneself in the shoes of someone who hates cars. People who don't love cars want a car that makes them think about cars as little as possible. The purpose of a car is to carry you from one point to another, not to make you spend time on cars.

Re: 1Password Has Raised $620M

#192

Post by akerl_ »

scblock wrote: post #86
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?

I’m amused by the large portion of the Hackernews userbase that seems to view venture capital as an absolute evil, given that this is YCombinator’s forum.

Can you really not think of any examples where VC capital has improved a company, product, or service?

Re: 1Password Has Raised $620M

#193

Post by chaorace »

howdydoo wrote: post #174
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?

I predict we start seeing "Login with 1Password" buttons on random websites next to the google and facebook buttons. I also predict it never catches on.

That's certainly an eyecatching idea! I'd hate to be engineer in charge of that idea, though... how would you even begin to drive webmaster adoption? Even with the leverage of their massive userbases, Google/Facebook logins are far from ubiquitous.

Re: 1Password Has Raised $620M

#194

Post by loceng »

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.)

So what's the pitch to the investors then - they'd arguably need to disclose this possibilty? Or is this next level of pumping up before dumping on public market via IPO?

Re: 1Password Has Raised $620M

#195

Post by lolinder »

pier25 wrote: post #168
bognition wrote: post #149

Earlier quoted context omitted.

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

Not if they can't figure out how to install it or use it.

Re: 1Password Has Raised $620M

#197

Post by farzher »

you can write your own password manager in a weekend. the encryption code is trivial. it's just a matter of ui/ux. and if you're making it only for yourself, that's not a problem. highly recommended

Re: 1Password Has Raised $620M

#198

Post by rjzzleep »

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…

My wife uses KeepassXC and KeepassAndroid now and syncs it with her own Dropbox. But yes, 1Password takes a lot less time for people to get used to.

But to some extent it took her compromised passwords to finally start using everything.

Re: 1Password Has Raised $620M

#199

Post by mtremsal »

greenSunglass wrote: post #8

any alternative you folks recommend?

I haven't changed my setup of (free) keepassxc in (free) Dropbox in 10+ years. You can even add a standalone version of keepassxc in there if you're worried about needing passwords from a new computer. Usually, simple beats free (Spotify > torrents) but somehow this setup has always just worked perfectly for me.

That being said, for friends and family I'd suggest paying for 1password. Or using a paper notebook. Most alternatives don't have a stellar track record with security.

Re: 1Password Has Raised $620M

#200

Post by hodgesrm »

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…

Alternative view: I'm glad to see 1Password obtain abundant financial backing. I use 1Password personally and at my employer. It's really good. I won't switch as long as they keep it that way. Seems as if they have enough money to do that regardless of what happens in the market.

p.s., How is this really different from going public? I'm sure they considered that option. Either way you are answerable to investors.

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