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1Password Has Raised $620M

blog.1password.com

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Re: 1Password Has Raised $620M

#581

Post by [deleted] »

Groxx wrote: post #518
Matl wrote: post #516

Earlier quoted context omitted.

They have been doing some pretty unfriendly moves towards their long-term customers, like making sure the new 1Password cannot be used without 'the cloud' like the old one could be. I have no doubt raising more VC money will only accelerate such trends. In fact I've decided to move off of 1Password to BitWarden, since at least one can realistically self-host it. That being said, it's not exactly easy to migrate from…

This is exactly why I've switched from strongly recommending them, to strongly recommending against them. Plus their cloud security UX is horrendously confusing for everyone I've showed it to. Whoever is driving their cloud push has probably made the most profitable business decision, but has absolutely no idea how to make a sane product.

[deleted]

Re: 1Password Has Raised $620M

#582

Post by dkonofalski »

deadbunny wrote: post #498
dkonofalski wrote: post #385

Earlier quoted context omitted.

>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.

How is that not deliberately pushing people to move to a subscription model?

Parent comment said they killed it. They didn't kill it. You can still use local vaults currently. You won't be able to any more in newer versions because they're no longer at feature parity. Killing it to push people to the subscription model implies malice.

Re: 1Password Has Raised $620M

#585

Post by mdaniel »

hn_throwaway_99 wrote: post #511
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…

It's still hard for me to fathom this valuation. For example, all the major clouds (AWS, GCP, Azure) have a Secrets Manager as simply one feature. I looked into 1Password secrets when they announced it but couldn't find any reason to use it over a cloud Secrets Manager.

For the same reason one might choose Hashicorp Vault versus the major cloud: cross-cloud, likely a richer feature set, almost certainly faster release cycles, and (for AWS specifically) no stupid "pay per request" billing to try and reason about. I'd guess it can make local development scenarios better, too

Re: 1Password Has Raised $620M

#586

Post by ksec »

daggersandscars wrote: post #144
rdtwo wrote: post #112

Earlier quoted context omitted.

I wish the Apple password manager worked cross platform.

Apple provides a plug-in for Chrome to allow use of your stored passwords on Windows. Announced last year. I've tried it on Windows, appears to work, but do not know how secure it is. --- Edited to remove references to Linux. Appears to be Windows only.

Yes. But you can't even use those password on Mac when you are using Firefox or Chrome.

Re: 1Password Has Raised $620M

#587

Post by Someone »

ascagnel_ wrote: post #368
Someone wrote: post #325

Earlier quoted context omitted.

Apart from “works on stuff you didn’t buy from Apple” (a feature that I think isn’t in Apple’s interest to support well), what major features does it have that keychain syncing over iCloud doesn’t already have, or could easily add?

Shared family vaults are the big thing for me -- I don't want to share _all_ of my passwords with my family, but 1P is a good way to share stuff like streaming service logins.

iCloud KeyChain has automatic sharing of services, but only for Apple Services (https://support.apple.com/en-gb/HT203046)

That might be because they want to make their own services more attractive (if so, I think they made the wrong choice), but also could be a legal thing.

https://www.apple.com/family-sharing/: “You can add anyone to your Family Sharing group age 13 and older and invite them to share an Apple Card”, so members of An Apple iCloud ‘family’ neither have to be family members nor live at the same address.

That’s broader than, for example, the TOS of Netflix (https://help.netflix.com/legal/termsofuse: “The Netflix service and any content accessed through the service are for your personal and non-commercial use only and may not be shared with individuals beyond your household”)

Apple might fear getting sued if they make it easy to share a Netflix password with members of a family plan.

Re: 1Password Has Raised $620M

#588

Post by yawnxyz »

shane_b wrote: post #233
bombcar wrote: post #5

`But we don’t just want to keep up; our goal is to push the envelope and explore beyond the boundaries of traditional password management.` Hmmm, sounds like the time to migrate may be sooner than I'd hoped.

I personally think password managers are positioned best for web3. Just add crypto wallet functionality (similar encryption skills) and then facilitate both web2 and web3 login.

I'm surprised they haven't bought Rainbow or Metamask or made their own crypto wallet yet. Combining their current browser extension with private key management in a crypto wallet makes a lot of sense to me.

Re: 1Password Has Raised $620M

#589

Post by mdaniel »

Kwpolska wrote: post #540
jeffrallen wrote: post #534

Earlier quoted context omitted.

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.

Have you tried KeePassXC? It has a reasonable UI and mental model, and does zero cloudy things.

And it can already read the 1Password .opvault (the "legacy" format, stored in Dropbox and on disk) "file" format -- I would guess it wouldn't be an unholy amount of work to teach it to write out that format, too, but I stopped short of doing that work because I figured KeePassXC wouldn't merge it

After that, I would teach KeePassXC to serve the 1Password browser extension websocket protocol, because I found its UX far, far, far, far superior to KeePassXC's browser extension UX

Re: 1Password Has Raised $620M

#590

Post by dsissitka »

2muchcoffeeman wrote: post #564
Groxx wrote: post #562

Earlier quoted context omitted.

Given how extremely hidden they've made the perpetual license option, I'm honestly surprised it's 30:1. That seems to be a sign of "people want this bad enough that they go hunting for it for quite a while".

No, they are picking subscriptions 30 times more than licenses. When they first did this it wasn’t hidden at all. The website gave you 2 options side by side.

Are you sure? It looks like the license option was hidden almost immediately.

https://web.archive.org/web/20160915083507/https://1password...

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