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1Password Has Raised $620M

blog.1password.com

621–630 of 723 posts

Re: 1Password Has Raised $620M

#621
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 like 1Password but I’d never trust them for corporate “secret” management.

Re: 1Password Has Raised $620M

#622
post #619
post #598

Earlier quoted context omitted.

Long-term 1Password customer here, no affiliation with 1Password or AgileBits. > They have been doing some pretty unfriendly moves towards their long-term customers From my point of view this was not hostile at all: I used 1Password with Dropbox sync for years and absolutely loved it as a personal password manager _for myself_. But sharing of passwords with family was a real pain. I gleefully signed up for cloud-host…

Long-term 1Password customer here as well. I understand you are willing to sacrifice security for convenience. I wouldn't mind the recurrent payment, I just cannot imagine to put both the app (which now is online) and the data in the same company hands. I couldn't live like that.

Same, I don't mind the recurring payment all that much - their apps are excellent. I used the subscription for the apps with a synced file for a couple years.

But the cloud push is absurd, and it got too aggressive for me to stomach. It means I no longer have local backups (this screwed over a friend, whose data was deleted by 1P immediately after changing account stuff and could not be recovered). Browsers are also unambiguously not well-suited for this kind of secure-environment use, as exploit after exploit demonstrates. It makes their website a huge bullseye for hacking, rather than needing to somehow attack their entire user-base independently. It's a profit-oriented decision that makes the product's security, its primary feature, worse.

Re: 1Password Has Raised $620M

#623
post #360

Earlier quoted context omitted.

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…

> Very weird to show it in the UI a

I thought this is a common pattern for assessing user interest. If you don't display it users don't know it is available.

Very common in A/B testing to show different variations of CTAs as well.

Re: 1Password Has Raised $620M

#624
post #488

Earlier quoted context omitted.

Similar here, I don’t mind the subscription fee and even like that I can effortlessly pull my passwords from whichever device I need to at the moment. The new electron app is a mess though, even if its data layer is done in Rust. It feels like a cheap imitation of the old one with so many little details being wrong, along with the general sluggishness that comes with a “modern” web stack. I’m not really happy with an…

Right!? The hard part is integrating nicely with the OS, which is just not something that's in Electrons bag. The thing Electron "improves" for them is portability for the one thing that users really want to avoid interacting with. It's just such a confusing business decision in my eyes, and to be completely honest, part of the reason I'm looking at switching is literally that they are making a decision like this unp…

The new Mac app has a lot of OS-specific code for those nice integrations. Their new client is a mix of Rust, Electron UI and Swift with all secure processing and OS handoffs done in Rust and Swift.

No one owes 1Password anything but the engineering reviews often seem to miss what they're actually developing.

Re: 1Password Has Raised $620M

#625

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.

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

It's a desire, not an entitlement

Re: 1Password Has Raised $620M

#626
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…

Atm maybe, but since GCP/AWS provide their own solutions I don't really see 1P or Vault that much valuable - it's a pretty primitive solution with no lock-in or some hard-to-replicate technology.

Re: 1Password Has Raised $620M

#627

Earlier quoted context omitted.

Looks like another commenter added some context: For some very rough context: - Duo was acquired for $2.35B - Ledger was valued at $1.5B - Dashlane was valued at $1B - Yubico was valued at $600M - LastPass was acquired for $110M - Trezor has an annual revenue of $5M - Authy was acquired after receiving investments of $3.8M

Gosh. I'm in the wrong business. I should create my own "store your password" company. How hard can it be?

I mean, I think each of these products does branch out and starts to build enterprise tooling, management of stored information, maybe anti-virus and browser safety tools as well.

Seems like each of them reached their valuation going above and beyond just a "store your password securely" product.

Re: 1Password Has Raised $620M

#628
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…

> 1Password is quietly positioning itself to become the ground truth storage solution for corporate secret management

I think it is the exact opposite. They saw what Dashlane did with a few million bucks and some radio/TV ads and want to throw the same sort of gasoline on the fire. I expect they will have their own VPN, browser, credit monitoring, etc. tie in before they have real enterprise features.

They don't have FedRAMP, no HSM intergration, and it can't run in GovCloud. Not to mention it is super clunky to use compared to LastPass and others.

Re: 1Password Has Raised $620M

#630
post #628
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…

> 1Password is quietly positioning itself to become the ground truth storage solution for corporate secret management I think it is the exact opposite. They saw what Dashlane did with a few million bucks and some radio/TV ads and want to throw the same sort of gasoline on the fire. I expect they will have their own VPN, browser, credit monitoring, etc. tie in before they have real enterprise features. They don't have…

your opinion that it's more clunky than lastpass is really interesting to me. It runs completely counter to 99.9% of comments I've seen on HN.

Personally, I have no experience with lastpass. Just wanted to point out this anomaly.

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