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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#171

Post by cactusmatt »

scblock wrote: post #86
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…

Exactly. Once you raise a bunch of VC money you've sold your actual business to vampires. From now on it's grow at any cost. Add bloat, feature creep, unrelated projects, cost increases, and probably user data mining and sales on top of it. How was their rather expensive subscription fee and large subscriber base not sufficient to continue operating profitably?

I don't know. Greed? I've been following the 1Password Saga for a while (long time user), and how they responded to the electron pushback seemed like they lost their initial vision and what made them "in touch" with their users like me.

Re: 1Password Has Raised $620M

#172

Post by the_duke »

Semaphor wrote: post #90
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…

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 ;)

Bitwarden is free for personal accounts.

Re: 1Password Has Raised $620M

#173

Post by PragmaticPulp »

I’ve been using the older 1Password 6 version for a long time with Dropbox syncing. This is the version that still had perpetual licensing.

And it works just fine. I can see why they’re pushing so hard to force everyone to their paid SaaS service: I haven’t paid them additional money in years and yet my setup works perfectly well.

Eventually, though, one of the browser extensions will stop working and they’ll insist I upgrade if I want to keep using it.

My only hope at this point is that some other company will come along and make a password manager with equivalent UX (the only missing piece from competing products) and undercut them. Surely someone can do it with, say, only a couple million dollars invested instead of hundreds of millions.

Re: 1Password Has Raised $620M

#174

Post by howdydoo »

chaorace wrote: post #116
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…

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?

I predict we start seeing "Login with 1Password" buttons on random websites next to the google and facebook buttons. I also predict it never catches on.

Re: 1Password Has Raised $620M

#176

Post by vagrantJin »

baryphonic wrote: post #111
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…

> 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…

> Because 1Password is easy enough to use that my wife and I can share a family plan

Haha. I'm pretty sure browsers build this feature in.

Re: 1Password Has Raised $620M

#177

Post by nathanganser »

cactusmatt wrote: post #171
scblock wrote: post #86

Earlier quoted context omitted.

Exactly. Once you raise a bunch of VC money you've sold your actual business to vampires. From now on it's grow at any cost. Add bloat, feature creep, unrelated projects, cost increases, and probably user data mining and sales on top of it. How was their rather expensive subscription fee and large subscriber base not sufficient to continue operating profitably?

I don't know. Greed? I've been following the 1Password Saga for a while (long time user), and how they responded to the electron pushback seemed like they lost their initial vision and what made them "in touch" with their users like me.

What was the electron pushback? Link?

Re: 1Password Has Raised $620M

#178

Post by chaorace »

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.

Sure... but "good investment" and "good VC investment" aren't exactly the same thing. 1Password isn't exactly small and it's not exactly poised to explode either.

I get that there's an untapped market of non-technical users, but I am rather skeptical that advertising alone will have much success in activating it -- they'd need some innovative approach that changes the way non-technicals approach password management.

Re: 1Password Has Raised $620M

#179

Post by nathanganser »

chaorace wrote: post #116
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…

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?

Universal login future.1password.com

Re: 1Password Has Raised $620M

#180

Post by btmoore »

ascar wrote: post #109
bombcar wrote: post #83

Earlier quoted context omitted.

Apple is so close with Keychain, I feel if they spent a bit a time on the UI of it and offered some plugin capability it'd be perfect.

I found Keychain quite horrible. Everything is or at least felt just too abstracted away so that I don't feel in control of my secrets. Might have been just the UI though. And then it's obviously not crossplatform by default. Sync your password database between your Android phone and Mac? Nope. So it's another step into vendor lock in.

Keychain supports some pretty great stuff like WebAuthN and 2FA codes. It’s UI is kinda bad though. I’m all-Apple and techy, so it works great for me.
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