Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

1Password Has Raised $620M

blog.1password.com

Post reply on HN
Print view View original

281–290 of 723 posts

Re: 1Password Has Raised $620M

#281

Post by addingnumbers »

akerl_ wrote: post #192
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’m amused by the large portion of the Hackernews userbase that seems to view venture capital as an absolute evil, given that this is YCombinator’s forum. Can you really not think of any examples where VC capital has improved a company, product, or service?

Isn't this $620M investment about 5,000x the amount of a typical ycombinator investment?

Re: 1Password Has Raised $620M

#282

Post by DangitBobby »

Sytten wrote: post #187
api wrote: post #125

Earlier quoted context omitted.

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 made the same argument below but I was downvoted to hell. Bitwarden is not an alternative to 1Password that passes the wife/parent/elder test because the UX is so bad they need to call me everytime something isnt exactly working as before.

Really? I use both (Bitwarden for personal, 1Password for work) and find the UI for Bitwarden to be more complete and consistent. Like if I want to edit a login item, I must open a new browser tab in 1Password. Not so in Bitwarden. I still can't figure out how to consistently trigger the workflow to add a new login for the current website automatically without opening a new tab in 1Password. You click "Add Login" in Bitwarden.

Re: 1Password Has Raised $620M

#283

Post by jillesvangurp »

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 private password managers and something keepass based for shared passwords in small teams works great. We use Keeweb with a keepass database on a shared Google drive. I put the master password for that in Bitwarden.

I guess for bigger enterprises you might like something with a bit more fine grained access control and auditing features. E.g. rotating the master password is a bit of a PITA. I actually did that this morning because somebody in our team left.

Most companies would want some kind of solution and most bigger companies would likely end up paying for something.

Re: 1Password Has Raised $620M

#284

Post by leokennis »

gregd wrote: post #239
api wrote: post #125

Earlier quoted context omitted.

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…

Thank fuck someone said this. Most users don't want to tweak anything related to their phones, tablets, computers, watches. If everything your app does, isn't reachable within 1-3 clicks/swipes/presses, then forget it. Someone suggested using two versions KeePass files...one for shared passwords, one for not shared passwords. This is NOT a substitute for clicking Share Password and literally not doing anything else.…

Also, for some software "everyone uses" like e-mail or an office suite, you can afford maybe some complexity or annoyance. The alternative "do not use e-mail" or "do not use an office suite" is a no go for almost anyone.

The alternative "do not use a password manager" is however totally common. So if you want to get someone with limited time or affordance for annoyance (like your wife) to use a password manager, the process of setting it up and using it better be very smooth and frictionless.

1Password is very good at that part.

Re: 1Password Has Raised $620M

#285

Post by momenti »

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's so valuable because knowing lots of people's passwords is useful for mass surveillance, cyber attacks, industrial espionage etc.

Re: 1Password Has Raised $620M

#287

Post by ssully »

codethief wrote: post #146
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…

> When I evaluated KeePass, the Wife-Acceptance Factor (WAF) was not there, though maybe it's improved. How about you share one KeePass file for all shared passwords and keep another one for your personal ones? KeePassDX on Android can easily handle multiple files. I agree, it's not a perfect solution but it's rather low-tech and something the layperson might still understand.

I use KeePass everyday and I really love it. But I would never recommend it to a non-technical person over something like 1Password or Bitwarden. It's a great piece of software, but the user experience is about 15 years in the past.

Re: 1Password Has Raised $620M

#288

Post by amackera »

prakhar897 wrote: post #265

Skimming through their jobs board. Their are approx 100 "talent acquisition" roles open. Engineering is like 20 roles. What the hell are they going to do with so many recruiters?

I guarantee that those 20 eng roles represent 100s of actual positions. You need to staff up talent acquisition before you staff up talent. Also they'll probably be growing their sales team also.

Re: 1Password Has Raised $620M

#289

Post by cced »

AlexandrB wrote: post #186
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…

They previously raised $100M in 2021[1] and in my mind the rot has already set in. 1Password 8 is not OS-native and is an electron app. Local vaults are no longer supported - you must use AgileBits's cloud. And 1Password 7 shows non-dismissible ads for upgrading to 1Password 8[2]. Edit: They also inexplicably (and silently) dropped support for the 1Password iOS share sheet while directing users to the 1Password iOS S…

You also cannot attach pictures to ios secrets without the new subscriptions.
Post reply on HN