1Password Has Raised $620M • Hacker News Board

Re: 1Password Has Raised $620M

#371

Post by EGreg » Wed, Jan 19, 2022, 4:47 PM UTC

Sohcahtoa82 wrote: post #329

EGreg wrote: post #268

Earlier quoted context omitted.

Why is it that whenever intrinsic, usual operations of capitalism are described (which happen 99% of the time) such as… 1) whenever VCs invest in shares of a project 2) they tend to subsidize money-losing unit economics to “reduce friction” resulting in attempts to lock-in people and monetize their attention later 3) when the VCs later dump it on the public, the company has to now answer to wall street shareholders a…

I don't see how cryptocurrency solves any of the problems. Items 1-4 would still exist. The only difference is that the corporations would be funded with ETH/BTC/DOGE/whatever rather than US Dollars.

No, not at all. It is the difference betweena credit union and a bank, a housing cooperstive vs a landlord owned building.

To use a real world example: DisneyWorld is a city owned by a corporation, instead of democratically run. Because the people who own DisneyWorld shares (shareholder class) aren’t the visitors — the visitors buy DisneyDollars. They are the consumer class.

And there is also the working class (people who work in DisneyWorld) and their employers (small capitalists) who run a business inside DisneyWorld and pay rent.

Disneyworld and other cities could have its own smart economy with DisneyDollars and never have to raise money from speculators. Think of DisneyDollars as utility tokens and shares as security tokens for speculators.

Here is how it works in detail: https://intercoin.org/communities.pdf

Re: 1Password Has Raised $620M

#372

Post by HikeThe46 » Wed, Jan 19, 2022, 4:47 PM UTC

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…

The individual user is extra revenue to them. Their business is B2B. Because my company uses 1password for business I also use it for home and they get an extra $60/year from my household because I need to already use it for work.

Re: 1Password Has Raised $620M

#373

Post by mnd999 » Wed, Jan 19, 2022, 4:47 PM UTC

sdoering wrote: post #345

cannonpalms wrote: post #210

Earlier quoted context omitted.

This isn't true. The browser extension (on all major browsers) allows use of self-hosted instances. I'm using it right now.

I would love to know how that works. I was so not able to select an option to enter a different vault url. I could only enter email and password yesterday.

It’s a slightly hidden option on the login page.

Re: 1Password Has Raised $620M

#374

Post by saddestcatever » Wed, Jan 19, 2022, 4:48 PM UTC

Bummer.

I used to be a huge advocate for 1Password.

Purchased a single license for $60 back in the day. Backed up my vault to Dropbox.

For a few years, it was the best app I've ever bought.

Now with the upgrade to monthly subscription, my Windows machine is stuck on a crappy legacy version of the app. I get that every company and their mother wants that $A$$ money, but I truly miss the simplicity.

Re: 1Password Has Raised $620M

#375

Post by torstenvl » Wed, Jan 19, 2022, 4:48 PM UTC

ascar wrote: post #98

soheil wrote: post #77

Earlier quoted context omitted.

I really love an alternative that does these: 1. native app (no bullshit JS based) for speed 2. the same keybindings CMD+\ or Option+CMD+\ to fill in or pop up the menu 3. sync with icloud 4. not look like total shit (ie. lastpass) Do these basic things and I think you can easily steal 1pass users.

What of these are you missing with keypass? Except that sync would be done through a regular file (the keypassdb).

All of them? There isn't a single good KeePass client on macOS.

Strongbox is the most polished but doesn't offer browser integration.

KeePassXC has a terrible UI, and MacPass doesn't remember your key file between sessions. Both require staying in your Dock and need the janky KeePassHTTP-Connector to work with a browser.

Re: 1Password Has Raised $620M

#376

Post by IOT_Apprentice » Wed, Jan 19, 2022, 4:48 PM UTC

The question to ask is WHY did they raise that much? What are they going to be using that much cash for?

Re: 1Password Has Raised $620M

#377

Post by skinnymuch » Wed, Jan 19, 2022, 4:48 PM UTC

fredley wrote: post #308

tibiahurried wrote: post #212

Earlier quoted context omitted.

We use BitWarden and it is free. $620M for a password manager is nuts.

Yup. In fact just today my partner was struggling witha problem with 1Password that she uses at work, asking why it wasn't as simple as BitWarden.

That’s likely because they are used to BW first and was learned at home. This sort of ”phenom” happens all the time and is not only about the actual product.

There will be exact examples of the opposite happening.

Re: 1Password Has Raised $620M

#378

Post by wutwutwutwut » Wed, Jan 19, 2022, 4:48 PM UTC

TaXaZ wrote: post #358

dahart wrote: post #339

Earlier quoted context omitted.

BitWarden is not free if you compare apples to apples, and sign up for the same features including cloud hosting, 2FA, and family or enterprise accounts. $620M isn’t for a password manager, it’s financing for a business with an enormous and growing user base.

Bitwarden is free for individuals and couples. So, it's free user-friendly (WAF!!) wise [0] in comparison to 1pass [1]. But much more important thing is the fact that bitwarden is open source and 1pass not. Closed source is deal-breaker for me. [0] https://bitwarden.com/pricing/ [1] https://1password.com/teams/pricing/

Bitwarden free edition is free. The free edition is crippled and doesn't support Yubikey among other things.

Re: 1Password Has Raised $620M

#379

Post by rrrrrrrrrrrryan » Wed, Jan 19, 2022, 4:49 PM UTC

lkxijlewlf wrote: post #302

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…

Quoted post unavailable.

I always thought the term was at least a little self deprecating; it definitely and doesn't mean "dumbed down so the stupid wife can actually use it."

There are a lot of technical enthusiasts and hobbyists, mostly dudes, who optimize for dumb parameters that nobody in the real world actually cares about. In this case, setting up a clunky, but fully open source password manager, when there are alternatives with objectively better UX available for relatively cheap (considering you use the thing many times each day).

In the home theater world, for a long time guys would brag about the disgusting monstrosities they've jankily hooked up in their living rooms, but a setup with high WAF means building something that's actually aesthetically appealing and congruent with the interior decor, hidden cords, not having to switch between 4 remote controls, etc.

But you're right - it should probably be SAF (Spouse Acceptance Factor).

Re: 1Password Has Raised $620M

#380

Post by gburdell3 » Wed, Jan 19, 2022, 4:49 PM UTC

Gormo wrote: post #242

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…

> Nerds continue to fail to grasp the value of UI/UX. Or perhaps nerds do grasp the negative value of anti-patterns in UI/UX, and reject attempts to create interfaces and usage models that remove control from the user, create vendor lock-in, or compromise privacy and security.

I think a better way of saying this is that "nerds" (i.e. power users, the type of people typically on HN) want different things out of their UI/UX than the average user. That's the beauty of having different solutions to choose from: the power user is free to use something like KeePass, where it's not as easy to use, but you can set it up exactly the way you like; and the "normal" user can go with something like 1P or LastPass for more of a "set it and forget it" model. The average user doesn't care one bit about the things that you mentioned.