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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#381

Post by korantu »

npteljes wrote: post #136
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…

Did you try BitWarden? I haven't yet, but it's supposed to be basically a FOSS alternative to LastPass / 1Password.

BitWarden works really well for me, for example. It is FOSS and has hosted option; Has autofill plugin, android app, nothing required much in the way of configuration.

Re: 1Password Has Raised $620M

#382

Post by bjord »

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'm gonna frame this and put it on my wall.

Re: 1Password Has Raised $620M

#383

Post by Trias11 »

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…

>> And they'll throw their users under the bus

You cannot really throw users under the bus in highly competitive and lucrative space.

It's not that difficult to export full data from 1password and move on.

Re: 1Password Has Raised $620M

#384

Post by dopp0 »

sdoering wrote: post #345
cannonpalms wrote: post #210

Earlier quoted context omitted.

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.

on the login screen, you have a gear icon on top left corner (at least for the chrome extension), there you can add the custom url for your hosted instance.

Re: 1Password Has Raised $620M

#385

Post by dkonofalski »

abeppu wrote: post #113
Semaphor wrote: post #90

Earlier quoted context omitted.

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 ;)

But 1Password previously had the option to _not_ use their cloud, and they deliberately killed it to push people onto their subscription offering. So I think in the context of a conversation about how financial conditions will force changes which change the customer experience, I think it's entirely fair to compare them to a non-cloud option.

>they deliberately killed it to push people onto their subscription offering

There are things available via the Cloud version that aren't available with local vaults and, in order to maintain those, they decided not to put the time into implementing those changes for local vaults. Local vault users are less than 1% of their user base.

Re: 1Password Has Raised $620M

#386

Post by dahfizz »

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.

1Password is like 15 or 16 years old at this point, right? The fact that they still need "financial backing" after all that time is extra alarming, IMO. They have raised nearly $1B in VC money!

This has come with all the expected side effects. No local vaults, electron apps, forced subscription payments, etc etc. More VC money makes for a worse customer experience, almost universally.

> How is this really different from going public?

Venture Capitalists are not like the general public. People trading public stocks value fundamentals - a good product that generates _profit_, _steady_ growth, etc. VCs want cancerous, explosive growth and are willing to take the risk that the pursuit of cancerous growth kills the company.

Re: 1Password Has Raised $620M

#387

Post by Ajedi32 »

howdydoo wrote: post #174
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?

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.

I'm guessing this isn't what you meant, but a password manager that integrates with the Credential Management API[1] would be amazing. Would simplify password management a lot if it got widespread adoption, and provide an easier upgrade path to strong public-key authentication using WebAuthn.

[1]: https://developer.mozilla.org/en-US/docs/Web/API/PasswordCre...

Re: 1Password Has Raised $620M

#388

Post by decrypt »

tibiahurried wrote: post #212
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…

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

I like Bitwarden too, but can't dismiss the fact that 1Password is superior to Bitwarden in many ways:

- Mobile UI is beautiful on 1Password.

- The UX from creating a password entry to auto-filling is easily better on 1Password. Bitwarden doesn't show autofill entries on login forms yet. That's a deal breaker, at least for me.

- Account recovery via a trusted family member.

- Additional security measure: private key in addition to master password.

Personally, the 35 USD fee is justified.

Re: 1Password Has Raised $620M

#389

Post by avianlyric »

ifyoubuildit wrote: post #240
chefandy wrote: post #110

Earlier quoted context omitted.

Maybe you can't. Everybody has their own risk tolerance, but at some point, everybody's going to have to draw a line. Maybe you're only storing passwords for local services, but almost all of the credentials in my password manager are for services run on some cloud. Even then, did you evaluate all of the code for each of those services? How about the compiler code or the chips? Dell shipped out machines with a hardwa…

> Maybe you can't. Everybody has their own risk tolerance, but at some point, everybody's going to have to draw a line. I'm in agreement with parent, I think putting your passwords in the cloud is a wild single point of failure. Even if you can tell a compelling story about how they carefully encrypt everything right now, you're always a silent update away from it all being dumped on the internet. I think people (in…

> you're always a silent update away from it all being dumped on the internet.

This is true of all password managers that have any ability to connect to the internet. You’re one silent update away from your manager suddenly uploading all your passwords to a random endpoint in Russia.

Re: 1Password Has Raised $620M

#390

Post by mox1 »

rjzzleep wrote: post #198
bognition wrote: post #149

Earlier quoted context omitted.

I've had the exact same experience. It took me about 5 minutes to teach my partner how to use 1Password and its been years since I had to help them use the app. I've stopped worrying about password re-use or compromise. Now I'm teaching my kids to use it and they love it b/c they dont have to make up or remember passwords. Yes there are other technically equivalent options but the fact I can get it setup on an iOS de…

My wife uses KeepassXC and KeepassAndroid now and syncs it with her own Dropbox. But yes, 1Password takes a lot less time for people to get used to. But to some extent it took her compromised passwords to finally start using everything.

Agreed, Keepass file synced on Google Drive. Using this for 4+ years now with 0 issues. Syncs across desktop (Keeweb), Android (keepassAndroid) and ioS (StrongBox). Takes 5-10 seconds to sync.

Also zero need to give any application permissions to access my Google Account. Using native google drive apps on all services to sync the file (just using file picker dialogs with drive app installed).

Got my non tech parents setup on this. 0 questions asked once I set it up.

Also have my partner and I on the same setup...just works.

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