121–130 of 723 posts
"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…
Spot on. What's the best thing to migrate to?
Earlier quoted context omitted.
> Why do they need so much extra funding?! They've also (supposedly) been profitable since inception. It's likely that this round has a significant secondary, which means they're just cashing out part of a profitable business.
Exactly. An increasingly common thing lately is what’s effectively a “private IPO”. That’s what this sounds like - liquidity for investors / staff, and ownership to a small cadre of professionally managed funds vs. the Wild West open markets.
Going public has very tangible costs, but also massive intangible costs. Private markets are extremely frothy and keep ownership and control within an aligned group of investors. This can make all the difference in the world to management.
"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…
> 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…
And what's the "unique selling point" that stops me switching from one to another?
"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…
> 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…
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 that's worth more than the GDP of quite a few countries combined.
The importance of user experience is only growing as the world becomes more and more time poor and we move more and more into an "attention economy." Saving seconds counts. If it doesn't work instantly it's broken, period.
Here's two ways I can explain it:
(1) 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. It only makes sense to do this if you have a lot of surplus time on your hands.
(2) If you have ten million users and make a UI/UX improvement that saves them one minute a month and you value their time at an average of $50/hour, you just created about $8.3 million in value since that's the value of the time you just saved.
A rule of thumb that I use is that every step required to do something halves adoption. So if you have a 10 step install process, only 1 out of 1024 people who look at your product will make it to trying it.
Every developer needs to have "user experience is everything" tattooed on their forehead.
This kind of announcement tends to ring all kinds of alarm bells for me. What kinds of changes should we expect to make those huge investments worthwhile for the investors? My 1Password installation is grandfathered from a time when it was just a standalone app, without subscription. Will it just stop working one day to bully me into subscribing? Can you even start using 1Password these days without buying a subscrip…
Great for 1Password - I love the tool and I'm a strong advocate. But ... Why such a large round? Why not go for an IPO?
"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…
Because cloud and enterprise. Sure, labour costs are expensive in our industry. But it's under-appreciated that once you need physical infrastructure, sales and enterprise support, that really tends to eat into your millions.
Is marketing the thing with the huge price tag, or are there other huge costs I'm not thinking of?
any alternative you folks recommend?
Earlier quoted context omitted.
Ok, care to explain your viewpoint further?
Because the need to meet ROI always leads to selling data.