In Its First Funding in 14 Years, 1Password Raises $200M Series A
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In Its First Funding in 14 Years, 1Password Raises $200M Series A
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Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#2[deleted]
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#3As a long-time user of 1Password, this is worrying. I hope this turns out well, but I’m not optimistic.
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#4I can only hope that this doesn't have any bad impact on the consumer product. I'm using it since its first version when it was a Mac only password manager without any cloud integration.
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#5This may become another example of a good company catering well to a specific niche, then taking on money until they are unable to cater well to their original niche anymore.
Solving a specific problem well in a market worth $X is not compatible with taking 10 * $X in funding — you will be forced to start doing something else so you can make ROI. Along the way you’ll probably alienate your existing market by price gouging (like switching to a subscription based service model for a simple app), so there won’t be any turning back either.
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#6I hope this isn't a bad sign for the future of 1Password. I've been a customer as a consumer for about ten years, and my team has been using it for four years.
The nice thing about them is that they have always had a great consumer product (and the teams product has also been excellent). Since they didn't need to take on the funding, I wonder if having a fund on board will result in focussing on the wrong things (e.g. growth-at-all-costs).
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#7Password managers are still very clunky, and only part of a broader personal cyber security landscape.
I hope they are working towards a more holistic approach for personal security (encrypted drives, cloud backup, monitoring, most things are still very difficult for anyone but prosumer to manager).
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#8Yet another sustainable and useful business that'll be undone by Venture Capital. They've had sustainable growth with the support of paying customers who truly love the product, and now they'll be on the path to 100x and/or bust in I hope they'll re-release the standalone version before the last person out switches off the servers.
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#9This may become another example of a good company catering well to a specific niche, then taking on money until they are unable to cater well to their original niche anymore. Solving a specific problem well in a market worth $X is not compatible with taking 10 * $X in funding — you will be forced to start doing something else so you can make ROI. Along the way you’ll probably alienate your existing market by price go…
So what you’re saying is someone had better start working on a competing password manager today.
Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A
#10Seems like a very weird thing for them to do.
The article mentions all the things that 1password succeeded in doing on its own: bootstraping themselves, shifted their product to focus on subscriptions, even made their product work well with more enterprise-y needs. All while working out pretty well financially.
And now they need capital funding. For what? The quotes in the article seems to say that a developing a go-to-market strategy and hiring a sales team to do telemarketing requires 200M.