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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

#151

Post by ticmasta »

mikenyc wrote: post #139
xenophonf wrote: post #112

Earlier quoted context omitted.

This makes zero sense. You don't want to store passwords in the cloud, but you store your passwords in the cloud anyway!

The concern, which is fair, is that 1password's cloud is a target. And those targeting it have only one intention, which is to steal people's passwords and other information stored in the 1password cloud. In contrast, of course using the dropbox sync approach with 1password does put your information in the cloud as well. But, it's in your personal dropbox account. That dropbox account could absolutely be hacked, but…

As a non-user of 1password, what's the value of the vault on it's own? don't you need a master password to unlock it?

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#152

Post by AmericanChopper »

gruez wrote: post #135
AmericanChopper wrote: post #115

Earlier quoted context omitted.

> They now need to hit $1BB or die trying What are you basing this off exactly? The only case where failing to hit valuation targets can kill a company, is when the company is reliant on continued funding to operate. A profitable company is free to disappoint it's investors in any way it chooses.

>A profitable company is free to disappoint it's investors in any way it chooses. ...until those investors are not satisfied with those low returns, and installs a new board/executive focused on milking their existing customers.

I didn’t read that Accel had acquired a controlling stake. Can you point me to the source that makes that claim?

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#153

Post by MrFoof »

ValentineC wrote: post #143
NeedMoreTea wrote: post #53

Earlier quoted context omitted.

Not any more. It used to be a no brainer, but they switched to cloud based subscription at great cost increase, loss of some features, and dark-patterned the native app into invisibility. Native is still available apparently, but you won't find it from the homepage, unless they were persuaded to change recently. Report an error in the native app, and they suggest switching to cloud subscription without addressing the…

> Native is still available apparently, but you won't find it from the homepage, unless they were persuaded to change recently. I haven't verified this myself, but standalone licences seem to be available for purchase in the app itself: https://discussions.agilebits.com/discussion/92275/how-do-i-...

Can verify that it's possible. Recently (past 30 days) did an upgrade to 7 with a standalone license.

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#154

Post by ummonk »

ghshephard wrote: post #31

This isn't really a typical Venture funding, and is definitely not a "Series A". Traditionally, at this point, 1Password would probably have just gone Public, without any need for venture funding. But, why go to the hassle of doing that when you can get most of the same benefits ($$$) without any of the pain (public reporting, SOX, etc...). The VCs at this point would be happy with a 3-4x return, because the risk is…

Who is “everyone”? I imagine most people are just using Chrome or iCloud for personal password management.

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#155

Post by gruez »

AmericanChopper wrote: post #152
gruez wrote: post #135

Earlier quoted context omitted.

>A profitable company is free to disappoint it's investors in any way it chooses. ...until those investors are not satisfied with those low returns, and installs a new board/executive focused on milking their existing customers.

I didn’t read that Accel had acquired a controlling stake. Can you point me to the source that makes that claim?

"Accel" wasn't even mentioned in my original comment. Quit putting words in my mouth.

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#158

Post by ping_pong »

chucktorres wrote: post #41
bashy wrote: post #27

Earlier quoted context omitted.

I believe they still support buying a single license from within the app.

The process is increasingly convoluted to figure out. I'm still clinging on to their 1Password 6 license and it's now broken in Safari on Catalina. Life goes on.

it's also broken on all Windows, and for Chrome on Mac. I also have my 1Password 6 license using Dropbox to sync and I just cut and paste my passwords now. I don't want to pay subscription since I paid $80 already for something that doesn't substantially change.

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#159

Post by sixstringtheory »

sagichmal wrote: post #102
bernierocks wrote: post #57

Earlier quoted context omitted.

If you asked me about 1password a few years ago, I would agree with you. Ever since they went to the cloud, I stopped using and recommending them to friends and family. I now use Keypss, which is free and doesn't require the cloud. The only reason they went to the cloud is because most people were buying one copy and sharing it with multiple people. It's a way for them to make more money, which is fine, but I really…

> Ever since they went to the cloud, I stopped using and recommending them to friends and family. The whole point of using a password manager is that the passwords I create and use on my {desktop, laptop, work machine, phone} are immediately and seamlessly available to me on all of the other platforms. As far as I know it is Cloud integration which enables this absolutely necessary and table-stakes functionality. Is…

> The whole point of using a password manager is that the passwords I create and use on my {desktop, laptop, work machine, phone} are immediately and seamlessly available to me on all of the other platforms.

That isn’t the whole point of 1PW though, or at least it wasn’t at the beginning, as I saw it. It was a way to avoid having to remember a unique, secure (read: probably hard to remember) password for every service that requires one. A place to store them all so you don’t have to remember, or worse, reuse the ones you can remember, and/or use easy-to-remember ones (read: less secure). It’s in the name: one password gets you access to all your passwords. Automatic form filling and cloud sync are definitely selling points and certainly convenient, but they are also risk vectors. I’d not call cloud sync essential; I get by fine without it. I just use the WiFi sync option.

Re: In Its First Funding in 14 Years, 1Password Raises $200M Series A

#160

Post by AmericanChopper »

gruez wrote: post #155
AmericanChopper wrote: post #152

Earlier quoted context omitted.

I didn’t read that Accel had acquired a controlling stake. Can you point me to the source that makes that claim?

"Accel" wasn't even mentioned in my original comment. Quit putting words in my mouth.

You said:

> They now need to hit $1BB or die trying

And alluded to “those investors” being able to take over management of the company.

As 1Password is already profitable, and has not been acquired, I’m just trying to figure out what reason you have to make those claims.

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