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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#271

Post by AlexandrB »

akerl_ wrote: post #192
scblock wrote: post #86

Earlier quoted context omitted.

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?

I think the big VC raise is often the moment that many companies' relationship with their users goes from friendly to adversarial. I suspect this is because the incentives become misaligned. A bootstrapped company needs to keep its users happy to keep the money coming in for operations and growth. User churn is expensive at this stage. A funded company has other options such as running at a loss to attract new users and outpace any churn in the existing user base.

Re: 1Password Has Raised $620M

#272

Post by no_wizard »

Everyone who’s just looking at this as a simple password app might be missing the boat. One killer feature for enterprise customers is teams can share secure variables as well as new credentials for services. Now I imagine a world where 1Password can be a secrets manager for your environments. I know a lot of cloud services offer this already however they’re not always great, and since most of your org may be using 1Password this would be a huge value add.

I think what this is fueling is the ability for 1Password to grow beyond a password manager to handle other sensitive sharable data

Re: 1Password Has Raised $620M

#273

Post by dannyw »

ziggus wrote: post #12
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.

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.

They're probably going to develop some proprietary, closed source authentication SDK, that's not compatible with other password managers, and bribe websites to use it.

Your choice eventually will be entering a standard password and specifically engineered to be annoying CAPTCHA, or pay for 1Password. Use Keepass or BitWarden? CAPTCHA. why? "Security".

Re: 1Password Has Raised $620M

#274

Post by josefrichter »

Congratulations. Authentication on internet is still a hugely underdeveloped topic, especially for normies. All the non-IT people basically have 5 weak passwords reused on 100 sites, written down on a piece of paper next to their computer or in their wallet. And of course what they don't know is all of those passwords were leaked 100 times anyway. This is a serious issue in digital society, to be fair.

Re: 1Password Has Raised $620M

#275

Post by ChrisMarshallNY »

gregd wrote: post #239
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…

Thank fuck someone said this. Most users don't want to tweak anything related to their phones, tablets, computers, watches. If everything your app does, isn't reachable within 1-3 clicks/swipes/presses, then forget it. Someone suggested using two versions KeePass files...one for shared passwords, one for not shared passwords. This is NOT a substitute for clicking Share Password and literally not doing anything else.…

Yup.

I have been hearing about how X11/MOTIF will "end the Windows/Apple hegemony" for decades.

I don't know how often I've heard "X Windows is just as good as Mac OS."

It's like when your vegan friend keeps telling you that "Falafel tastes just like beef."

They have never tasted beef (or they hated the taste), so they don't have anything to compare it to. X Windows is GUI, written by people that hate GUI.

What could possibly go wrong?

All that said, it's a crazy amount of money, and I really feel that the only real work the password manager needs, is to be rewritten in native. Electron is less-than-excellent.

They must have some kind of strategy that goes beyond just being a password wallet.

Re: 1Password Has Raised $620M

#276

Post by barkingcat »

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…

"KeePassXC was still free open source and developed by volunteers in their free time."

This is not a benefit. Within the next 2 years, be wary of a log4j level exploit within Keepassxc.

If a software isn't being supported by a steady source of income, it really quickly can get behind in security and tech debt.

After all the discussion on here about how we can support open source projects, why is it still a badge of honour to say that a software has no support and is functioning on life support by "volunteers in their free time"?

I'd suggest any users of KeePassXC take their money and put it where it counts: find the organization that develops KeePassXC and give them the $60 a year that it costs to buy a commercial password manager like 1password.

If KeePassXC has all the features you need, it's worth paying them for it.

Re: 1Password Has Raised $620M

#277

Post by mjmsmith »

Gracana wrote: post #201
api wrote: post #191

Earlier quoted context omitted.

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 o…

Maybe name-calling and suggesting they should be mutilated isn't enough. What's your next step?

Having "tattooed on their forehead is a metaphor" tattooed on their forehead?

Re: 1Password Has Raised $620M

#278

Post by waynesonfire »

noirbot wrote: post #85
yabatopia wrote: post #84

Earlier quoted context omitted.

> 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.

I mean... that seems fine? Taking a consumer product and making a business version of it feels like a totally ok way to grow a company that already has a stable product that people like. Them making new features you don't use doesn't mean they're going to break or diminish the stuff you do use. Sure, they could mess it up, but any company or open source project can mess everything up.

> Sure, they could mess it up, but any company or open source project can mess everything up.

Luckiky when they do, github just bans their account

Re: 1Password Has Raised $620M

#279

Post by stickfigure »

arepublicadoceu wrote: post #237
akerl_ wrote: post #192

Earlier quoted context omitted.

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?

> Can you really not think of any examples where VC capital has improved a company, product, or service? I honestly can’t, do you mind sharing a few examples to prove your point? I have a long list of “stopped using because went to shit after VC was injected” 1. WhatsApp and Facebook relation 2. Twitter and the loss of control over my feed 3. Spotify and the podcasts shenanigans 4. Dropbox and their assholery against…

Were any of these companies bootstrapped? Weren't they all investor-funded creations from the start?

Re: 1Password Has Raised $620M

#280

Post by gonehome »

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…

Yes - 1Password is excellent and in the rare class of applications that actually ships new features that are both unexpected and useful!
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