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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#251

Post by city41 »

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…

> How come 1Password needs the equivalent of 7750 years of $80k annual salary to build the same?

Can't you say the same about Linux vs Windows, Gimp vs Photoshop, PostgreSQL vs Oracle, Godot vs Unity, etc?

Re: 1Password Has Raised $620M

#252

Post by nerdawson »

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?

1Password started doing secrets management last year. I'd imagine they'll go down the path of more business and enterprise tools.

Re: 1Password Has Raised $620M

#253

Post by Karunamon »

elteto wrote: post #148
jmull wrote: post #34

> ...explore beyond the boundaries of traditional password management. This is a 50-50 proposition, at best. I hope this doesn't mean I'll need to start looking or a new password manager.

Such a silly sounding marketspeak... what is non-traditional password management? Password management + essential oils?

Example: Name any other password manager that can instantly spawn disposable email addresses on your own domain by talking to your email provider.

Not to put too fine a point on it, but I fucking love this feature.

It fits in naturally with the password manager, but it has barely anything to do with password management.

Re: 1Password Has Raised $620M

#254

Post by m12k »

bombcar wrote: post #5

`But we don’t just want to keep up; our goal is to push the envelope and explore beyond the boundaries of traditional password management.` Hmmm, sounds like the time to migrate may be sooner than I'd hoped.

To me it means the contrary. If they had to make those $620M back by just selling password management, then we'd all better expect it to get crazy expensive soon. But if they branch out and start making money on other products and services too, then there's a chance the product I currently use will remain affordable.

Re: 1Password Has Raised $620M

#255

Post by cooperadymas »

noirbot wrote: post #85
yabatopia wrote: post #84

Earlier quoted context omitted.

> Whatever the case may be, I'm sure it's going to turn out to be something completely worthless to me. You're probably right. Here's their vision of the future: https://www.future.1password.com/ It screams CORPORATE. Not a single mention of family or single user. It's all about business security, safely sharing data, protecting your company, etc.

I mean... that seems fine? Taking a consumer product and making a business version of it feels like a totally ok way to grow a company that already has a stable product that people like. Them making new features you don't use doesn't mean they're going to break or diminish the stuff you do use. Sure, they could mess it up, but any company or open source project can mess everything up.

When Crashplan did this, they removed their home offering and completely dropped a large portion of their user base.

Re: 1Password Has Raised $620M

#256

Post by adim86 »

I am surprised people are worried about 1Password getting this money and not caring about their users. How about at least they have money to be alive for the foreseeable future. I am worried about free password managers because they are broke and could sunset the app at any point and now I have to go find something else, or better yet, no financial incentive to do the best thing for the app. They do it for fun. My security is not for fun. LOL

Re: 1Password Has Raised $620M

#257

Post by r_hoods_ghost »

api wrote: post #125
baryphonic wrote: post #111

Earlier quoted context omitted.

> 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…

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…

I think you understate your case. A lot of nerds and nerd culture is actively hostile to making things easy to use and will intentionally erect banners and over complicate systems in order to keep "normies" out and make themselves appear smart.Its rather sad really.

Re: 1Password Has Raised $620M

#258

Post by kar1181 »

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…

This was my first thought. "Oh no".

Re: 1Password Has Raised $620M

#259

Post by sunsetandlabrea »

dilap wrote: post #104
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…

Spot on. What's the best thing to migrate to?

Bitwarden for me. I've been using 1Password from around 2013 I think. I didn't buy into their subscription model so they've been gouging me with difficulties and cost in buying upgrades for a few years.

Apparently they have 500 members of staff these days, and millions and millions of investor dollars. Apart from maintaining browser extensions, for my own personal use I've not noticed a single interesting feature in recent years.

I moved to Bitwarden when the electron thing was announced, haven't paid any subscription yet and seem to have all the features I used before in 1Password. Bitwarden is very much recommended and I wouldn't recommend 1Password to anyone these days.

Re: 1Password Has Raised $620M

#260

Post by rattray »

chaorace wrote: post #193
howdydoo wrote: post #174

Earlier quoted context omitted.

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.

That's certainly an eyecatching idea! I'd hate to be engineer in charge of that idea, though... how would you even begin to drive webmaster adoption? Even with the leverage of their massive userbases, Google/Facebook logins are far from ubiquitous.

> how would you even begin to drive webmaster adoption?

"If your users use 1password, they won't keep forgetting their passwords (causing frustration and support burden) and won't use weak passwords that result in account takeovers (support and eng burden). Plus, you and your users won't be beholden to the whims of fb or Google".

Just one idea.

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