Live data from Hacker News

1Password Has Raised $620M

blog.1password.com

551–560 of 723 posts

Re: 1Password Has Raised $620M

#551

"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

#552

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…

They should take 20 million, endow a foundation, and have the foundation hire a couple of their original devs to make a clean room, open-source equivalent to 1Password 6. Then those of us who actually just want a self hosted password manager, not a massive whacky cloud secret factory, can use that. Sigh, what a stupid world we live in, where greed destroys everything good.

Why do you feel entitled to that? Are you going to pay for it again?

Re: 1Password Has Raised $620M

#553
post #360
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.

I think it's a little weird. I have used 1password at two jobs, and thought it was great, so I bought it for myself. They want money to sync my passwords between my Windows desktop and my iPhone. Seems reasonable to me. I program computers for a living and people pay me.

I guess there was a free self-hosted type thing at one point in the past? That was before I ever heard of the product, so I'm not that upset that it's no longer advertised heavily or whatever.

I do have one complaint. They do have k8s secret management, which I would like to use for my personal cluster, but it's just too expensive for that. Very weird to show it in the UI and then when you try to use it, quote you an insanely high price. (I just use sealed-secrets instead. If my cluster blows up, it will be a very irritating weekend rotating all the secrets. But good to do, so meh.)

Re: 1Password Has Raised $620M

#554

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…

> Yes, this is old news and sour grapes on my part.

This is a tangent, but this isn't really the correct usage of sour grapes. "Sour grapes" implies you actually did want it to go away but are saying you didn't out of pride or something. I'm assuming that's not what you're trying to imply.

Re: 1Password Has Raised $620M

#555
post #451

Earlier quoted context omitted.

Shout out to Strongbox if you're an apple user. It supports .kdbx across apple devices with a 10/10 UI

Took a peek, looks really nice, might have to give it a spin! Are there any solutions for .kdbx files on Windows that have a nice UI? My memories of KeePass are not great.

KeepassXC is your best bet!

Re: 1Password Has Raised $620M

#556

Earlier quoted context omitted.

Yeah I don’t know how to feel about this. I still have a license that allows me to use it with a local vault. But I really want to get the family subscription. The Premium BitWarden plan is much cheaper than 1Password but the the Family plan doesn’t get you as much of a discount and my parents are on iPhones. Edit: Dave Teare, the 1Password guy claims that when they were still offering standalone licences in 2018, pe…

does anyone know definitively which is the last 1password version that doesn't require cloud? some folks are saying it's v6 but i have 7.8.7, and everything seems to be working fine, as far as i can tell. i still use local vaults and dropbox syncing to my ios devices without issue.

The last time they offered stand-alone licenses was 1Password 7 in 2018. Not that long ago. But they seem to have made it harder and harder to get at the local vault settings.

Version 8 will only be subscription based.

Re: 1Password Has Raised $620M

#557
post #401

Earlier quoted context omitted.

> 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…

> Why would anyone expect important services to be free? I think the "common person" does not see these as growth hacks. The internet is full of things that "appear" free, and have "appeared" free forever. You have x-ray vision for how these businesses work internally, and you describe the playbook very accurately, but most people do not have this kind of context. Which makes it hard for those people to distinguish "…

> This is true. As a customer, depending on the good-will of leadership to counterbalance the influence of capital is depending on humans, and even really good ones are fallible and temporal.

Well, I dunno, you always are depending on the "good will" of leadership. They could decide to squeeze every cent and provide as little value as possible at any time, whether they have venture funding or not. If your alternative is a "non profit", look at Mozilla, plenty of people unhappy with a lot of their decisions and users feeling "betrayed". I don't think we can expect most services to run as non-profits regardless. It's an imperfect system, but is the best we've got so far.

> From a consumer's point of view, once an organization gets in the mindset of optimizing for value capture over value creation and openness, it's time to consider moving on.

I'd argue this comes after the IPO. When you have millions in venture capital, is easy to keep running the business at a loss and keep growing. When it's time to make a profit is when things start getting hard.

I suppose this is what some people don't like. They'd like founders/businesses that stay small and focused on a niche, make money but not too much and keep a good value product running. Without looking at 1Password finances though, even when it was a paid service, we don't know how profitable it was, if at all, and may be going after enterprise customers with this new funding is the only way to not only 'break even' and start making some good profits.

Re: 1Password Has Raised $620M

#558
post #413
post #358

Earlier quoted context omitted.

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/

For something as important as protecting passwords, why on earth would you want something that is free?

Well let me ask the much more obvious question, for something as important as protecting your passwords, why on earth would you go with a proprietary service where you have no idea about the security, that could take away your access at a whim without any recourse for you?

Re: 1Password Has Raised $620M

#559

Earlier quoted context omitted.

Yeah I don’t know how to feel about this. I still have a license that allows me to use it with a local vault. But I really want to get the family subscription. The Premium BitWarden plan is much cheaper than 1Password but the the Family plan doesn’t get you as much of a discount and my parents are on iPhones. Edit: Dave Teare, the 1Password guy claims that when they were still offering standalone licences in 2018, pe…

does anyone know definitively which is the last 1password version that doesn't require cloud? some folks are saying it's v6 but i have 7.8.7, and everything seems to be working fine, as far as i can tell. i still use local vaults and dropbox syncing to my ios devices without issue.

Definitively: v7 works with stand-alone / non agilebits-synced databases; v8 will not. (I think v8 is out for Windows but not yet Mac.)

I am a long-time 1Password user who recently made the leap to their hosted service. 1Password remains best-in-class for me and has a terrific security record, especially compared to their peers. While I too lament the everything-is-a-subscription-now trend, I remain a strong supporter and avid fan of 1Password.

The latest integrations offered, for browsers and for e.g. Fastmail masked email address generation [1], only work with the cloud offering. I am happy to report that these latest offerings are fantastic and have tremendous UX.

[1]: https://www.fastmail.com/1password/

Re: 1Password Has Raised $620M

#560
post #360
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.

I think this underscores some (but not all!) of the negative reaction to "Zendesk plans to buy (the company behind) SurveyMonkey" — the latter of which has developed significant revenue streams from specific B2B products
Post reply on HN