Earlier quoted context omitted.
Such a silly sounding marketspeak... what is non-traditional password management? Password management + essential oils?
Example: Name any other password manager that can instantly spawn disposable email addresses on your own domain by talking to your email provider. Not to put too fine a point on it, but I fucking love this feature. It fits in naturally with the password manager, but it has barely anything to do with password management.
1Password Has Raised $620M
331–340 of 723 posts
Re: 1Password Has Raised $620M
#332"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…
Re: 1Password Has Raised $620M
#333"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…
It will go to all-expense-paid trips, consultancy fees and other things you need to eventually get acquired for $10B+ by one of the big players.
Or maybe, they will pivot, spend $300M on advertisement, so every grandma gets to know the brand name, and will then do an IPO, presenting it as the next opportunity of lifetime to the unsophisticated public.
This is how you make money in the post-2008 world. The actual old-school profitability has been out of the picture for quite a while now.
Re: 1Password Has Raised $620M
#334Earlier quoted context omitted.
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.
What about being profitable? If you need 620M to keep the company alive what will happen next time?
Re: 1Password Has Raised $620M
#335Earlier 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 it’s because Bitwarden’s UX is actually quite good? I found 1password’s to be substantially worse when I tried it a few years ago, especially on non-Apple devices. Perhaps that’s changed, but for something so heavily touted for being well designed, I found it to be very disappointing.
Re: 1Password Has Raised $620M
#336Earlier quoted context omitted.
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.
With 100k individual users and its background as a consumer application, 1Password wouldn't neglect the non-corporate customers—at least until David Teare retires or otherwise leaves.
Re: 1Password Has Raised $620M
#337Earlier 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.
However, after reading your comment, I hope this is the direction they go. I actually really like the future where I can have instant accounts attached to a more anonymous backend than my social media. I'm sick of things as mundane as my local gym asking for access to my fucking friends list.
Sign-up hurdles are a real thing too. I recently read that it was a major factor to Microsoft's video gaming stream service never taking off.
Re: 1Password Has Raised $620M
#338I'm very bullish on 1Password. They are the only product that I can use across my entire family and workplace with such little hand holding.
While they've pretty much solved the consumer front, there is much to be done to solve the needs of businesses. For example, right now if an employee leaves, we have to rotate everything they had access to. Their SSO support and API are pretty new, but historically managing vaults and users has been a pain. They're making steady progress.
I'm excited to see what comes next.
Re: 1Password Has Raised $620M
#339Earlier 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…
We use BitWarden and it is free. $620M for a password manager is nuts.
$620M isn’t for a password manager, it’s financing for a business with an enormous and growing user base.
Re: 1Password Has Raised $620M
#340For that kind of money you can build (apparently) 10-20 of them.