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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#351

Post by sdoering »

erinnh wrote: post #166
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…

I dont have any Chrome browser to test, but this has always been possible with the Firefox extension, so Id be surprised if it wasnt possible. There is a small cog in the top left side where you can change the URL to use when you login, in case you simply overlooked it.

Will again take a look. I used Google to find a tutorial and that dpole of said cog, but I wasn't able to find it.

Re: 1Password Has Raised $620M

#352

Post by moises_silva »

gen220 wrote: post #267
akerl_ wrote: post #192

Earlier quoted context omitted.

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?

I don't think the problem is with capital writ large, but rather the perverse influence of capital incentives as applied to a personal security product. The value one gains from a personal security product (data portability, availability, accessibility) is often at odds with the interests of capital, which lean towards moat construction and rent-seeking. Over time, in a for-profit company, capital will always "win".…

> For an adjacent example, LastPass never took a dime of VC money (afaict), but their structure as a for-profit company pushed them to lock down their product and charge rents, where they had not previously. If they had taken VC money or went public instead, it may have delayed the inevitable, but it only would have been a delay, not a solution.

I do not understand. It's a business. Why would anyone expect important services to be free? during ramp up there's a benefit of providing free or discounted services while you grow, learn what users want, estimate your own costs, etc; It was a free ride and you can enjoy it while it lasts. Why would anyone expect a free ride to also last forever?

In my opinion great products need a strong balance of capital and ideals. Capital incentives unchecked by a counter balance of leadership actually believing in the mission of the company can lead to bad outcomes. Pure idealism without adequate funding has another set of problems though.

Re: 1Password Has Raised $620M

#354

Post by viscanti »

lkxijlewlf wrote: post #302
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…

Quoted post unavailable.

Same thing with email. Everyone COULD run their own email server but it's pretty clear most people don't want to. We also see it with tech companies running their own servers. Again they COULD runt heir own hardware (and some do) but it's pretty clear most companies don't want to. There are decades of examples of where people could run something themselves and having very strong preferences for using a centralized and more user friendly alternative. I don't know why we'd expect it to be any different here.

Re: 1Password Has Raised $620M

#355

Post by [deleted] »

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…

[deleted]

Re: 1Password Has Raised $620M

#356

Post by fshee »

lkxijlewlf wrote: post #302
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…

Quoted post unavailable.

I wouldn't assume the phrase is casting a value judgement.

I hear the phrase from time to time in aviation. "Have to sell the first plane" / "Doesn't pass the WAF" / "Wife thinks owning two planes it too expensive." I have no reason to believe these folks are not in a loving relationship.

Nothing to do with intelligence.

Re: 1Password Has Raised $620M

#357

Post by natch »

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 already threw their users under the bus once by changing to an insanely money-grabbing subscription model. But yes, agree with everything you said.

Re: 1Password Has Raised $620M

#358

Post by TaXaZ »

dahart wrote: post #339
tibiahurried wrote: post #212

Earlier quoted context omitted.

We use BitWarden and it is free. $620M for a password manager is nuts.

BitWarden is not free if you compare apples to apples, and sign up for the same features including cloud hosting, 2FA, and family or enterprise accounts. $620M isn’t for a password manager, it’s financing for a business with an enormous and growing user base.

Bitwarden is free for individuals and couples. So, it's free user-friendly (WAF!!) wise [0] in comparison to 1pass [1]. But much more important thing is the fact that bitwarden is open source and 1pass not. Closed source is deal-breaker for me.

[0] https://bitwarden.com/pricing/ [1] https://1password.com/teams/pricing/

Re: 1Password Has Raised $620M

#360

Post by koboll »

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…

Pretty typical for people here to be zoomed-in on the b2c side of a business because that's what they use, and fail to see the b2b side, the underwater mass of the iceberg.
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