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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#521

Post by unethical_ban »

vladstudio wrote: post #225

Eh. I used to use 1Password long ago, when it was still a "normal" app (one-time payment, not trying to become a unicorn). It was easy for me to switch password managers (my needs are modest, and I generally like to break my app habits once in a while). My journey included (1) self-written manager; (2) LastPass; (3) pass CLI, and (4) Bitwarden (free tier). I'm now a happy Bitwarden user. It's ugly, and I'm a UX desig…

Keepass + GDrive/iCloud is going to be the recommendation I provide my friends and solo business owners in an upcoming presentation.

The file itself is under your control, apps are cross platform and desktop, and it is pretty intuitive.

That plus either 2fas (allowing for local token backup) or Authy (encrypted cloud backup) of MFA, and I won't hear about Instagrams getting pwned again.

Re: 1Password Has Raised $620M

#522

Post by apozem »

b3morales wrote: post #429
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…

> If you value your time at $100/hour and you have to spend one hour a month maintaining something "free," that free thing costs $100/month. That's fairly expensive. This is quite true, but the counterpoint is that nerds enjoy spending that time. We like opening the box, poking at the wires, seeing how the cogs fit together, and tweaking things endlessly. It would be a liability for a normie, but for a nerd whose int…

Not the person you were replying to, but I completely agree. I had fun setting up my Raspberry Pi as a Plex host / torrent box / home server.

Where us hobbyists go wrong is thinking any large percentage of customers want to do that. Any amount of futzing is too much. Most people want it to "just work."

Re: 1Password Has Raised $620M

#523

Post by commoner »

wutwutwutwut wrote: post #507
commoner wrote: post #452

Earlier quoted context omitted.

Bitwarden's free plan does have end-to-end encrypted cloud sync with no device limit. The free plan lacks TOTP support, but Bitwarden's $10/year plan does include TOTP support and is cheaper than 1Password's $35.88/year plan. Bitwarden is also open source, while 1Password is not.

Bitwarden free has TOTP.

I'm referring to Bitwarden Authenticator, which stores TOTP secrets and displays 6-digit codes like Google Authenticator does.[1] This feature requires a Bitwarden Premium account, with the $10/year plan being the cheapest option.[2] (Self-hosting through Vaultwarden is another option.[3])

This is separate from having TOTP 2FA on the Bitwarden account itself, which is available on the free plan.[4]

[1] https://bitwarden.com/help/authenticator-keys/

[2] https://bitwarden.com/pricing/

[3] https://github.com/dani-garcia/vaultwarden

[4] https://bitwarden.com/help/setup-two-step-login/

Re: 1Password Has Raised $620M

#524

Post by mbesto »

commoner wrote: post #486
mbesto wrote: post #477

Earlier quoted context omitted.

> Because much like privacy, password security shouldn't always be only a premium option. So then who foots the bill? Password managers are the duct tape used to protect a user because we don't inherently trust application providers. > proprietary code is a deal break for lots of people Sort of. First, "lots of people" seems like "lots of people" because we're on HN. The wider population doesn't care whether your app…

Bitwarden does charge for certain features like TOTP support, organizations, and enterprise features. They manage to have subscription income while remaining open source, whereas 1Password chooses to keep its code closed source. If you are saying that Bitwarden is worse because it offers a free plan, I disagree. It's nice that Bitwarden offers a security-audited* password manager to those who can't afford a subscript…

> If you are saying that Bitwarden is worse because it offers a free plan, I disagree.

For the record, I'm not. The overall discussion was that charging for a product was somehow bad. Bitwarden does charge for their product, just at higher tier levels. My bigger point is that you do want a provider that is going to stay solvent so charging money (which Bitwarden also does) is not some perverse way of satisfying customers.

Re: 1Password Has Raised $620M

#525

Post by [deleted] »

mbesto wrote: post #422
arepublicadoceu wrote: post #237

Earlier quoted context omitted.

> 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…

Survivor bias at its finest. Dropbox, Spotify, and Twitter all used VC money to launch/improve their product. Just because you don't specifically like the traunch of VC money that was used prior to IPO doesn't mean all VC is blood-sucking. There are countless examples of products people use that have had some form or shape. In fact, I'd argue there are rarely apps that anyone uses here on a regular basis that didn't…

[deleted]

Re: 1Password Has Raised $620M

#526

Post by moises_silva »

neon_electro wrote: post #515
moises_silva wrote: post #352

Earlier quoted context omitted.

> For an adjacent example, LastPass never took a dime of VC money (afaict), but their structure as a for-profit company pushed them to lock down their product and charge rents, where they had not previously. If they had taken VC money or went public instead, it may have delayed the inevitable, but it only would have been a delay, not a solution. I do not understand. It's a business. Why would anyone expect important…

1Password has been a paid product since its inception.

Yeah I get this, I'm a paying customer. Not overly worried, as long as I can export and move on to another service. I used to be a LastPass user until 2yrs ago. I was replying to the comment about LastPass starting to monetize users (e.g limiting the free tier functionality even more).

Re: 1Password Has Raised $620M

#527

Post by mrkramer »

btown wrote: post #295

People thinking this is an absurd amount of money are sleeping on how 1Password is quietly positioning itself to become the ground truth storage solution for corporate secret management, across devops and non-technical groups alike. Given Hashicorp's market cap of 11B, and 1Password's narrative on how to become even more central to corporate use cases by being the storage layer for Vault deployments, it's a very reas…

>People thinking this is an absurd amount of money

Yea it is absurd compared to how much money Google and Facebook raised back in the day.

Re: 1Password Has Raised $620M

#528

Post by Semaphor »

chaxor wrote: post #117
Semaphor wrote: post #90

Earlier quoted context omitted.

1Password has the cloud, so maybe a better comparison would be bitwarden, not free (to use their hosted service) but FLOSS. Everything else stands, though ;)

Wouldn't KeePass + syncthing be just as ubiquitously available, with more security?

Yes, especially nowadays that sync errors are not commonplace. I use it with Nextcloud. But that still requires you setting up your own thing, which is why people like 1password and bitwarden.

Re: 1Password Has Raised $620M

#529

Post by hodgesrm »

dahfizz wrote: post #386
hodgesrm wrote: post #200

Earlier 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.

1Password is like 15 or 16 years old at this point, right? The fact that they still need "financial backing" after all that time is extra alarming, IMO. They have raised nearly $1B in VC money! This has come with all the expected side effects. No local vaults, electron apps, forced subscription payments, etc etc. More VC money makes for a worse customer experience, almost universally. > How is this really different f…

People who own public shares value return on investment, which in today's market is only loosely couple with fundamentals in many cases. It's hard to explain the value of a lot of public tech companies any other way. Rivian (RIVN) is exhibit A.

Re: 1Password Has Raised $620M

#530

Post by 0xbadcafebee »

btown wrote: post #295

People thinking this is an absurd amount of money are sleeping on how 1Password is quietly positioning itself to become the ground truth storage solution for corporate secret management, across devops and non-technical groups alike. Given Hashicorp's market cap of 11B, and 1Password's narrative on how to become even more central to corporate use cases by being the storage layer for Vault deployments, it's a very reas…

It's a leap people make. I wouldn't call it reasonable. There is no way Hashicorp generates 11 billion worth of value. The only reason they get so much cash is the big players are inflating value so they can gobble up as much cash as they can before the market comes to its senses and everything comes crashing down like in 2008.
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