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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#341

Post by desmondl »

DangitBobby wrote: post #282
Sytten wrote: post #187

Earlier quoted context omitted.

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…

Agreed, I used lastpass in 2016 and tried to switch to keepass. I'm more than technical enough to use keypass and sync a vault across all my devices, but I needed this to be as easy as possible. I know myself enough to understand if something doesn't feel as easy as humanly possible, I'm much less likely to use it. A decent chunk of people are not like this, which is why I believe there is this huge debate over "Keepass vs 1Password". But anyway, I switched to bitwarden and the UX was more than good enough for me. It "just works".

I even started self hosting it this year and it continues to "just work" - although I don't recommend it to most people since I now have to manage a server. I was already self hosting a lot of other things last year (wanted to move away from google/apple services) so the "cost" of self hosting Bitwarden was negligible.

Anyway I know I rambled a lot, but just wanted to chime in and throw in my opinion about bitwarden

Re: 1Password Has Raised $620M

#342

Post by Karunamon »

lawtalkinghuman wrote: post #331
Karunamon wrote: post #253

Earlier quoted context omitted.

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.

Hide My Email in iCloud. https://support.apple.com/en-gb/HT210425

Note that I said on your own domain.

iCloud email hiding generates addresses on iCloud domains, i.e. services will begin to flag them as a commonly-used disposable address provider and disallow them.

Also completely worthless to the vast majority of people who are not on Apple devices.

Also also, 1Password's integration with the email isn't managed by them. They talk to Fastmail, Fastmail spits out an address and tells it to 1Password, who then fills the form with it. I can ditch 1Password at any time, even delete my account, and lose nothing.

Re: 1Password Has Raised $620M

#343

Post by theptip »

btown wrote: post #295

People thinking this is an absurd amount of money are sleeping on how 1Password is quietly positioning itself to become the ground truth storage solution for corporate secret management, across devops and non-technical groups alike. Given Hashicorp's market cap of 11B, and 1Password's narrative on how to become even more central to corporate use cases by being the storage layer for Vault deployments, it's a very reas…

I think you are on the money here. I hadn’t spotted this but they have a k8s plugin for example:

https://github.com/1Password/onepassword-operator

This solves the “restart pods when my secret is updated” issue which suggests to me that they are not just paying lip service with these integrations.

Re: 1Password Has Raised $620M

#344

Post by malwrar »

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…

Don’t forget that this isn’t used by just individuals—businesses use it too to share credentials for things like the corporate Twitter account, internal systems, etc. I’m willing to bet that further investment there could help back up that valuation.

Re: 1Password Has Raised $620M

#345

Post by sdoering »

cannonpalms wrote: post #210
sdoering wrote: post #159

Earlier quoted context omitted.

The only downside is that I can't currently use my privately hosted instance as passwd safe with the chrome browser extension. This only works for the hosted version. So I can't habe autofill, automatic saving of new/changed passwords and password creation and also use the same vault for the mobile app (Android). The mobile app can access the self hosted vault without any issue. I would love to fully migrate to self…

This isn't true. The browser extension (on all major browsers) allows use of self-hosted instances. I'm using it right now.

I would love to know how that works. I was so not able to select an option to enter a different vault url.

I could only enter email and password yesterday.

Re: 1Password Has Raised $620M

#346

Post by dominotw »

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…

refer to the famous dropbox comment on HN.

1password is just more usable for most people.

Re: 1Password Has Raised $620M

#347

Post by Aeolun »

xmorse wrote: post #250
hodgesrm wrote: post #200

Earlier quoted context omitted.

Alternative view: I'm glad to see 1Password obtain abundant financial backing. I use 1Password personally and at my employer. It's really good. I won't switch as long as they keep it that way. Seems as if they have enough money to do that regardless of what happens in the market. p.s., How is this really different from going public? I'm sure they considered that option. Either way you are answerable to investors.

What about being profitable? If you need 620M to keep the company alive what will happen next time?

Fire all developers and rest on your laurels for many, many years?

But of course they can’t do that because VC, right?

Re: 1Password Has Raised $620M

#348

Post by eric-hu »

samgranieri wrote: post #76

I really wish they weren't doing away with 1password classic and the native mac app. I like the fact I bought a license, that I can store the data on dropbox or icloud, and it works just fine. Yes, this is old news and sour grapes on my part. I just don't yet feel like migrating to bitwarden. I've been using 1password for 12 years since I saw it on a tutorial on peepcode.com. I actually taught my mother how to use it…

Migrate to Bitwarden. I owned a 1 password 6 license and hung onto it for dear life until last year. I technically had a 1 password subscription from work, and when that ended last year, my password experience hit a brick wall. I couldn’t add passwords from Windows. My Mac client refused to work, I had to uninstall multiple times and delete a data directory to erase any sign that 1 password subscription was on the system.

I’m so glad I made the switch now. No pestering pop ups, equally usable on windows and Mac and iOS.

Re: 1Password Has Raised $620M

#349

Post by loeg »

hodgesrm wrote: post #200
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…

Alternative view: I'm glad to see 1Password obtain abundant financial backing. I use 1Password personally and at my employer. It's really good. I won't switch as long as they keep it that way. Seems as if they have enough money to do that regardless of what happens in the market. p.s., How is this really different from going public? I'm sure they considered that option. Either way you are answerable to investors.

This isn't sustainable financing -- it's growth financing that they will eventually need profitability to make good on the investment (or drive them into the ground). I also use 1password at work and home, and I'd rather they figure out how to operate profitably without the VC-necessitated hypergrowth.

Re: 1Password Has Raised $620M

#350

Post by ojr »

john_moscow wrote: post #333
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? It will go to all-expense-paid trips, consultancy fees and other things you need to eventually get acquired for $10B+ by one of the big players. Or maybe, they will pivot, spend $300M on advertisement, so every grandma gets to know the brand name, and will then do an IPO, presenting it as the next opportunity of lifetime t…

So correct but also post-2008 underrepresented founders need profits more than ever because they don't fit the narrative, applications like Canva being female-led and Calendly having a black male CEO are examples.
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