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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#461

Post by tonyedgecombe »

noirbot wrote: post #317
tonyedgecombe wrote: post #261

Earlier quoted context omitted.

I can't remember a company that has served individuals and enterprises simultaeneously without one side getting a compromised offering. One of the things I like about Apple is they don't really pander to the enterprise. They won't turn the business away but you can see it isn't a priority.

I'm not sure this is true. If anything, they're the perfect example of how to do it right though, which is to have products that are business OR personal focused, and not generally both. The Mac Pro and the new monitors are both very clearly only a reasonable cost point/feature set for enterprise clients. The higher end Macbook Pros are similar, especially post redesign. Almost everything Apple makes, "Pro" name asid…

I'd distinguish between the professional market and enterprise.

Look at the lengths Microsoft goes to in order to maintain backwards compatibility for their enterprise customers, Apple in comparison just doesn't care.

Obviously I don't have access to the sales figures but my guess is most Mac Pros are going into audio/visual studios or else high net worth individuals. It's not the sort of thing enterprises will buy if they can avoid it.

Re: 1Password Has Raised $620M

#462

Post by vidarh »

malwrar wrote: post #344
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…

Don’t forget that this isn’t used by just individuals—businesses use it too to share credentials for things like the corporate Twitter account, internal systems, etc. I’m willing to bet that further investment there could help back up that valuation.

Realistically their B2C accounts are a sales funnel for their B2B. Because I was familiar with it for my own use, my employer uses it and they make much more money that way.

Because they also let you get free family accounts if your company uses it, they presumably then rope in a lot of individuals for personal use who then become incentivised to want their next employer to use 1password too.

Re: 1Password Has Raised $620M

#463

Post by fortuna86 »

jwong_ wrote: post #402
Graziano_M wrote: post #363

Earlier quoted context omitted.

I'm hanging on to 1password 6 for as long as I can. I can't use the browser plugin on firefox anymore, so I have to copy&paste my passwords in, but at least I have my vault stored locally. I also paid something like $70 and had the rug pulled from under me when they wanted to start charging monthly on top of that. It's not that I expect support forever for software I paid once for, but I think that the monthly, no lo…

I am using 6, and the classic extension still works for me on Firefox. It was only when they discontinued (and refused to port) the Safari classic extension that I couldn't use Safari anymore. [0]: https://support.1password.com/cs/1password-classic-extension...

Works for me on Chrome too, but not Brave (my browser of choice).

Are there any security concerns holding on to 1p 6.0 ? I notice the mobile app still sees updates, but could there be in theory an unpatched security hold in the desktop app ?

Re: 1Password Has Raised $620M

#464

Post by decrypt »

throwaway64643 wrote: post #437
decrypt wrote: post #388

Earlier quoted context omitted.

I like Bitwarden too, but can't dismiss the fact that 1Password is superior to Bitwarden in many ways: - Mobile UI is beautiful on 1Password. - The UX from creating a password entry to auto-filling is easily better on 1Password. Bitwarden doesn't show autofill entries on login forms yet. That's a deal breaker, at least for me. - Account recovery via a trusted family member. - Additional security measure: private key…

You think they'll keep that price for forever?

Hopefully so, but I'd be willing to pay even upto 100 USD. I store a lot of things on 1Password these days that it's very hard to give up, and very convenient. It's not just passwords; medical documents, credit card details, passport, certificates, private notes.

Re: 1Password Has Raised $620M

#465

Post by vidarh »

billbrown wrote: post #336
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.

We have a corporate password vault and it sucks. If 1Password makes a compelling product and brings their considerable UI/UX expertise to bear on it, this could absolutely take off and make my life easier. 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.

1password has a corporate offering. We use it at work, and while I haven't thought about to what extent it'd scale to a huge company it works very well for small ones with the ability to e.g. share vaults and manage permissions across users.

But incidentally the same features which makes it great for work also makes it great for me to share access to vaults with my son for example.

Re: 1Password Has Raised $620M

#466

Post by decrypt »

josephd79 wrote: post #430
decrypt wrote: post #388

Earlier quoted context omitted.

I like Bitwarden too, but can't dismiss the fact that 1Password is superior to Bitwarden in many ways: - Mobile UI is beautiful on 1Password. - The UX from creating a password entry to auto-filling is easily better on 1Password. Bitwarden doesn't show autofill entries on login forms yet. That's a deal breaker, at least for me. - Account recovery via a trusted family member. - Additional security measure: private key…

Bitwarden has all those features you listed. I use it every day. You can setup a trusted family member. You get a master password and private key incase you can't access 2fa. You can setup autofill entries. UI/UX are opinions. You pay $40 dollars a year for Family, $10 a year for an individual. Cheaper than 1password.

I meant the overlay popup interface by autofill on login forms:

https://community.bitwarden.com/t/overlay-popup-interface/14

Noted about trusted family members on Bitwarden.

I don't understand the private key part for Bitwarden. I am referring to the one here:

https://support.1password.com/secret-key-security/

Is there an equivalent for Bitwarden?

Re: 1Password Has Raised $620M

#467

Post by ValentineC »

tibiahurried wrote: post #212
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…

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

I'm looking forward to Bitwarden implementing multiple account logins ("client profiles") [1] on their roadmap [2], before doing a gradual switch away from 1Password. Any time now!

[1] https://community.bitwarden.com/t/account-switching-log-in-w...

[2] https://community.bitwarden.com/t/bitwarden-roadmap/12865

Re: 1Password Has Raised $620M

#468

Post by theturtletalks »

raydev wrote: post #432
theturtletalks wrote: post #89

Earlier quoted context omitted.

I long hoped Apple would buy out 1Password and include it in their iCloud+ subscription.

They would've immediately halted cross-platform support or at least severely limited it due to institutional/organizational issues. Any 1Password subscriber not using an iPhone would soon be unhappy.

Although this could happen, I think it’s unlikely. Apple knows it’s a services company as much as a hardware company now. If you look at their existing services, they are not excluding non-Apple users.

- Apple Music has a web UI and Android app

- FaceTime recently added 3rd party links allowing non-Apple users to join calls

- Keychain is being made compatible with Windows Chrome

It’s clear from raising this much money that 1P owners are doing a “private IPO” or adding more products and features. If it’s a cash out, wouldn’t you want a privacy focused company to buy it instead of VCs funding it and expecting a return? If they are building new features and products, Apple buying it could bankroll that and temper price spikes.

Re: 1Password Has Raised $620M

#469

Post by jrm4 »

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.

Correct, but also a warning sign. "Boring, hard and important" should rarely, if ever, be left to private companies as an isolated thing. They need to somehow be baked into the model of the other things that use it.

It's the same reason there should be no such thing as a "structural integrity" company separate from the building contractor.

Re: 1Password Has Raised $620M

#470

Post by ifyoubuildit »

chefandy wrote: post #392
ifyoubuildit wrote: post #240

Earlier quoted context omitted.

> Maybe you can't. Everybody has their own risk tolerance, but at some point, everybody's going to have to draw a line. I'm in agreement with parent, I think putting your passwords in the cloud is a wild single point of failure. Even if you can tell a compelling story about how they carefully encrypt everything right now, you're always a silent update away from it all being dumped on the internet. I think people (in…

> Even if you can tell a compelling story about how they carefully encrypt everything right now, you're always a silent update away from it all being dumped on the internet. This is also true for your operating system updates, browser, browser extensions, compilers, the infrastructure for your email service provider, any libraries those things use etc. Not to mention your local password manager. Even if you don't acc…

> This is also true for...

Agreed, those are already risks, and ones that are a lot harder to mitigate (though I do try where I can). Does that mean I should add another one that I can easily avoid?

There are risks in both local and cloud password managers. Maybe those risks seem equivalent to some folks, and the cloud features are useful enough for it to be a no brainer for them. For me, I don't at all mind manually backing up and manually copy/pasting credentials, and I don't miss the convenience of the cloud features.

> Let's say they did compromise your email account ...

This seems focused on the case of a dedicated attacker focused on you specifically. Id think each of us is more likely to be affected by various automated attacks that are backed by large dumps of account credentials.

In any case, I agree risks already exist in other places. For me in my specific set of circumstances this just seems like an easy one to skip.

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