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1Password Has Raised $620M

• bombcar 5y ago
  `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.
  • ziggus 5y ago
    So that means what? My password manager is going to start crypto-mining, and share the profits with me? My password manager is going to report all the sites that I have stored passwords for back to the companies? Whatever the case may be, I'm sure it's going to turn out to be something completely worthless to me. Fortunately, there's always Keepass, which keeps plugging away doing exactly what it says on the tin.
    • yabatopia 5y ago
      > Whatever the case may be, I'm sure it's going to turn out to be something completely worthless to me. You're probably right. Here's their vision of the future: https://www.future.1password.com/ https://www.future.1password.com/ It screams CORPORATE. Not a single mention of family or single user. It's all about business security, safely sharing data, protecting your company, etc.
      • noirbot 5y ago
        I mean... that seems fine? Taking a consumer product and making a business version of it feels like a totally ok way to grow a company that already has a stable product that people like. Them making new features you don't use doesn't mean they're going to break or diminish the stuff you do use. Sure, they could mess it up, but any company or open source project can mess everything up.
        • dahfizz 5y ago
          > Them making new features you don't use doesn't mean they're going to break or diminish the stuff you do use. Except they have already started to diminish what used to make 1P great. We now get no native apps, no local vault storage, no upfront payments. The VC rot has already set in.
        • cooperadymas 5y ago
          When Crashplan did this, they removed their home offering and completely dropped a large portion of their user base.
          • noirbot 5y ago
            Sure, but I'd be surprised if Crashplan was operating their home offering at a profit beforehand and just went "eh, we don't need money". 1Password seems to have a totally viable consumer market that's making them money without all that much work on it. It would seem weird for them to kill a golden goose.
            • anamexis 5y ago
              Also, it is good for companies when their employees use good password management everywhere, including in their personal life. The 1Password for Teams Business plan includes a free family plan for every user, so there's mutual reinforcement there.
        • tonyedgecombe 5y ago
          I can't remember a company that has served individuals and enterprises simultaeneously without one side getting a compromised offering. One of the things I like about Apple is they don't really pander to the enterprise. They won't turn the business away but you can see it isn't a priority.
          • noirbot 5y ago
            I'm not sure this is true. If anything, they're the perfect example of how to do it right though, which is to have products that are business OR personal focused, and not generally both. The Mac Pro and the new monitors are both very clearly only a reasonable cost point/feature set for enterprise clients. The higher end Macbook Pros are similar, especially post redesign. Almost everything Apple makes, "Pro" name aside, is either an enterprise offering where they're ok if random consumers buy it, or a consumer item where they don't mind if enterprises buy it. I have no interest in buying a reference monitor that costs more than my last 4 computers put together, but I could just go buy one, I guess. Optimally, 1Password does the same thing. If companies want to buy their current offering (and my current employer does) that thusfar hasn't really messed with my personal use. If they come out with some Okta competitor in the future, I won't need to care about that either unless my company uses it. Optimistically, both products can be targeted to different markets.
      • kspacewalk2 5y ago
        Family/individual accounts are nice and all, but most families/individuals just don't give a fuck about security nearly enough to pay a monthly fee for a password manager, and probably never will. The saturation point for them in this market is not too far off. So they go where there's real money to be made. They are well-positioned to become the default choice to handle corporate day-to-day cyber-security needs of most non-tech businesses, and if they can pull it off even moderately successfully it will make them the biggest Canadian IT company. Family accounts never ever will. That doesn't mean their product won't remain the best* choice for individuals and families. Microsoft also doesn't give a damn about family or single users of Office, yet we all* use it because it's still the best* product on the market. * words like 'all' and 'best' are approximations of what's going on in the real world, not in HN where significant numbers of people may very well be using LibreOffice and the Nth fork of Keepass.
        • johncalvinyoung 5y ago
          Upvoted for your final-line analysis of 'normal for muggles' and how HN is not a representative sample.
        • lolinder 5y ago
          > most families/individuals just don't give a fuck about security nearly enough to pay a monthly fee for a password manager It's more than that, most families that do care about security don't need features beyond what is built into iOS/Android. When I encouraged my wife to start using randomized passwords, I didn't even have to help her get set up. She already knew how to use Apple's password manager, so she just started using it. No setup, no additional monthly fee, just a quick decision to start using it. When we need to share a password, we just read it off to each other and put it in our respective password managers. There aren't really any features in a paid password manager that we miss.
      • billbrown 5y ago
        We have a corporate password vault and it sucks. If 1Password makes a compelling product and brings their considerable UI/UX expertise to bear on it, this could absolutely take off and make my life easier. With 100k individual users and its background as a consumer application, 1Password wouldn't neglect the non-corporate customers—at least until David Teare retires or otherwise leaves.
        • vidarh 5y ago
          1password has a corporate offering. We use it at work, and while I haven't thought about to what extent it'd scale to a huge company it works very well for small ones with the ability to e.g. share vaults and manage permissions across users. But incidentally the same features which makes it great for work also makes it great for me to share access to vaults with my son for example.
          • billbrown 5y ago
            I was speaking more about an enterprise product like Hashicorp Vault but I was quite unclear. I knew about 1Password for Teams (use Family personally).
      • mbesto 5y ago
        > It screams CORPORATE. How do you have a universal login that doesn't require corporate onboarding? You're just not the person this landing page is positioned for. They need corporate buy-in so you the user can login with one login across all of those sites. If you the single user want to easily login to Netflix and Amazon with a click of the button, then how do you expect 1P or any org for that matter to offer that if they don't have a direct relationship with Netflix or Amazon? This is like using Google.com to search for things to find and screaming "Google is too corporate" when you landed on the Google AdWords landing page (ads.google.com).
    • XorNot 5y ago
      Oddly enough 1Password could innovate productively here: use some market clout to push for a standard way for password managers to do automatic password rolling without user interaction. Imagine a world where a standardized protocol let a company put out verifiable "we've been hacked notice" and my password manager would just take care of it next time I opened it (or throw a prompt or something). Doubt this is going to happen though.
      • madeofpalk 5y ago
        Or even not have passwords at all. There is a lot to do in this space.
    • MAGZine 5y ago
      There's a couple examples already, including one click credit card information saving (through your card issuer), and their private email aliasing through fastmail partnership. A lot less incendiary than your hypotheticals. https://blog.1password.com/save-in-1password-button-with-ramp/ https://blog.1password.com/save-in-1password-button-with-ram... https://1password.com/fastmail/ https://1password.com/fastmail/
    • criddell 5y ago
      Surely there's still room for some innovation in the authentication space? I remember a few years ago Steve Gibson was working on a certificate based system called SQRL and it sounded pretty cool to me. Maybe 1Password have some ideas of their own?
    • dannyw 5y ago
      They're probably going to develop some proprietary, closed source authentication SDK, that's not compatible with other password managers, and bribe websites to use it. Your choice eventually will be entering a standard password and specifically engineered to be annoying CAPTCHA, or pay for 1Password. Use Keepass or BitWarden? CAPTCHA. why? "Security".
  • only4here 5y ago
    You can never trust cloud-hosted password managers..
    • mateuszf 5y ago
      > You can never trust cloud-hosted password managers.. If you examine the source code of a client (for example bitwarden) and make sure that it's not leaking your master password and then compile the soft yourself and not update - you'll be pretty safe. This will make it similarly secure as e.g. keepass, because even for keepass you should be sure the source is legit
      • nisegami 5y ago
        Technical trust is one thing, but I think the trust GP is referring to is more of a trust in the company's commitment to the business model. Password Managers aren't sexy. There isn't a ton of disruption possible in the field, so these companies may tend to look to expand beyond password management or get acquired. This in turn can mean the password manager product will be left to rot.
    • chefandy 5y ago
      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 hardware trojan in 2010. I have separate instances for work and personal accounts, so one breach wouldn't affect the other. Since my passwords are distinct, the number of accounts that would actually be useful to them is minimal, and fraud response is a pretty important metric in deciding what companies I do important business with. Identity theft is a problem, but all of this is probably more likely to be leaked in some other database, like the Equifax hack, than through an account compromised in a password manager cloud storage breach. My password manager being compromised would indeed be a huge time suck, but I don't think the long-term consequences would be any more severe than a few key individual accounts that are probably even more vulnerable. I think things like coordinated attacks where they social engineer their way through 2FA— which have been seen in the wild— to present a greater real-world concern.
  • beberlei 5y ago
    I believe this is regarding their new infrastructure secrets product, so hashicorp vault but more corporate maybe.
    • dexterdog 5y ago
      I read that as "hashicorp vault, but more expensive with wildly varying pricing schemes."
      • ojilles 5y ago
        I read it as Hashicorp Vault, but for all employees, not just (IT) engineers.
        • dexterdog 5y ago
          What is the market for a tool like Vault outside of engineering or IT?
  • Chris2048 5y ago
    I really hope this means new product offerings with no impact on existing products, rather than "fucking with the product b/c it doesn't make us enough money".. which I'll dub corporate Marak syndrome..
    • cianmm 5y ago
      I think of it as Evernote Syndrome. Take a perfectly great app and then slowly add nonsense on it until it's slow and bloated.
      • notpachet 5y ago
        You say Evernote, I say Jira.
        • Chris2048 5y ago
          Also, JetBrains syndrome - where you barely develop existing products because making new products makes you more money. Happens with kick-starters and games on steam as well.
  • cstross 5y ago
    Sounds like they've noticed both macOS and Windows getting integrated cloud-based password management capabilities and feel the need to branch out in order to stay one jump ahead of irrelevance. (Disclaimer: I'm a satisfied 1Password customer. Just noting that their competitive edge is wearing razor-thin these days.)
    • theturtletalks 5y ago
      I long hoped Apple would buy out 1Password and include it in their iCloud+ subscription.
      • cianmm 5y ago
        There were [rumours of exactly that](https://9to5mac.com/2018/07/10/apple-not-buying-1password/ https://9to5mac.com/2018/07/10/apple-not-buying-1password/) a few years ago
      • rdtwo 5y ago
        I wish the Apple password manager worked cross platform.
        • daggersandscars 5y ago
          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.
          • tonyedgecombe 5y ago
            It seemed quite buggy when I tried it.
            • raydev 5y ago
              Given Apple's track record with other web-related services on non-Apple platforms, don't expect it to improve much or at all.
  • soheil 5y ago
    I really love an alternative that does these: 1. native app (no bullshit JS based) for speed 2. the same keybindings CMD+\ or Option+CMD+\ to fill in or pop up the menu 3. sync with icloud 4. not look like total shit (ie. lastpass) Do these basic things and I think you can easily steal 1pass users.
    • bombcar 5y ago
      Apple is so close with Keychain, I feel if they spent a bit a time on the UI of it and offered some plugin capability it'd be perfect.
      • ascar 5y ago
        I found Keychain quite horrible. Everything is or at least felt just too abstracted away so that I don't feel in control of my secrets. Might have been just the UI though. And then it's obviously not crossplatform by default. Sync your password database between your Android phone and Mac? Nope. So it's another step into vendor lock in.
        • btmoore 5y ago
          Keychain supports some pretty great stuff like WebAuthN and 2FA codes. It’s UI is kinda bad though. I’m all-Apple and techy, so it works great for me.
        • zwily 5y ago
          The Keychain integrations and UI have improved a lot over the past couple years. That said, I still use 1p for family sharing.
      • rdtwo 5y ago
        I agree it’s so easy, if they add some sort of plugin that pushes to you phone to verify It’s you - game over.
      • drtz 5y ago
        As a regular user of Android, Windows, and Linux systems Keychain is almost worthless.
  • shane_b 5y ago
    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.
    • yawnxyz 5y ago
      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.
  • m12k 5y ago
    To me it means the contrary. If they had to make those $620M back by just selling password management, then we'd all better expect it to get crazy expensive soon. But if they branch out and start making money on other products and services too, then there's a chance the product I currently use will remain affordable.
• msoad 5y ago
  1Password will go to the path of LogMeIn, Okta and OneLogin. Holding corporations literally by their neck (login) can generate *a lot of money*
• notananthem 5y ago
  For those of you jumping ship, bitwarden is pretty decent if you'd rather not kludge the keepass route across devices/mobile.
• crate_barre 5y ago
  Anyone have any insight on how a company like this would even use $620m?
  • deleted 5y ago
    [deleted]
  • bombcar 5y ago
    I predict the way and death of all "cloud companies" that start out doing one thing well; they'll add features and document sharing and what not until it becomes an unholy mixture of Dropbox et al trying to "compete" with Office 365 for some reason.
    • syntheticnature 5y ago
      So... Dropbox, then?
  • syntheticnature 5y ago
    Advertising is what came to mind.
  • thibaut_barrere 5y ago
    Today 1password is largely a product for tech people. Nobody around me outside tech circles is using a password manager, at all. They have the whole world to conquer! I can envision them (sadly) bought by a larger actor in a few years, at a huge valuation.
    • ThePadawan 5y ago
      That's funny, I only know 1password as that enterprise password manager that no nerds use, only normal people that work for not completely tech-unsavvy companies. I don't know anyone that uses 1password privately.
    • edoceo 5y ago
      Everyone else (ie: non-HN-sapiens) is using the built-in password manager in the dominant browser (Chrome).
• ChrisMarshallNY 5y ago
  Good on 'em. I've used 1Password for years. It would be nice to say goodbye to Electron, though...
• lekevicius 5y ago
  Just makes it more clear: this is no longer a product for "us".
  • yokoprime 5y ago
    Ok, care to explain your viewpoint further?
    • lotsofpulp 5y ago
      Because the need to meet ROI always leads to selling data.
      • edoceo 5y ago
        Doesn't always lead to that but...now that the company has these investors who demand returns the company no longer has alignment with the customer. The needs of the customer and the needs of the investors are in direct opposition.
      • Karunamon 5y ago
        Only Sith deal in absolute slippery slope fallacies. Besides, this is a paid product with steady MRR, there's plenty of growth to be had without compromising the product. The recent integration with Fastmail for one-click creation of disposable addresses is a great example.
    • kfarr 5y ago
      Raising hundreds of millions of dollars for a built, profitable product with a tight scope and millions of users usually means the product scope will increase as part of their new remit to drive shareholder return. If people liked the existing tightly scoped product, and for password management simpler is better for many users, this investment indicates the product will necessarily move away from the existing use cases as a condition of accepting the funds.
      • qqqturing1 5y ago
• greenSunglass 5y ago
  any alternative you folks recommend?
  • lotsofpulp 5y ago
    KeepassXC, or Keepass databases and Strongbox for a polished iOS app. And any cloud file sync service.
  • koeng 5y ago
    I really enjoy using pass / gopass
  • Croftengea 5y ago
    Bitwarden, of course.
  • desdiv 5y ago
    Bitwarden. Both the client and the server is open source. You can selfhost the server, or you can use their server.
  • Stevvo 5y ago
    Google/Chrome offer the best user experience for password management, but I guess many people using 1Password are doing so specifically to avoid Google?
  • ron22 5y ago
    https://bitwarden.com/ https://bitwarden.com/
  • nano9 5y ago
    I just use `pass` but if you want bells and whistles, then that probably will not work for you.
  • hcurtiss 5y ago
    Edge with Authenticator works very well, it's cross-platform, and as of recently has near-feature parity with Lastpass and 1Password.
  • 5y ago
• JadoJodo 5y ago
  Both the Fastmail[0] and Privacy [1] integrations have made 1Password a joy to use in the past few years. I've used premium BitWarden in the past, but the UX of 1Password is hard to beat. Congrats to the 1Password team! - [0] https://blog.1password.com/fastmail-masked-email/ https://blog.1password.com/fastmail-masked-email/ - [1] https://blog.1password.com/privacy-virtual-cards/ https://blog.1password.com/privacy-virtual-cards/
  • zerkten 5y ago
    A lot of comments don't seem to acknowledge the importance of UX to leveling up security. Historically, security products have had terrible UX with everyone working around these and introducing more risks. 1Password is doing a great service here by making security simple and reduces our overall attack surface.
    • mdaniel 5y ago
      I wholeheartedly agree with the UX comment, and for the "leveling up security" part specifically, I'll point out that 1P 8 now has a "generate horse-battery-stable 'security question' answers" button, which is about as close to the intersection of good UX and good security as I can imagine My experience with Bitwarden is that their browser extension is gravely broken, which is a subset of UX, but crosses over into "how is this not a 'stop all work and fix it' bug?": https://github.com/bitwarden/browser/issues/1620 https://github.com/bitwarden/browser/issues/1620 I have a paid Bitwarden subscription, because I wanted to give it a fair shake, but based on my experience thus far it'll be years before they catch up to AgileBits
      • AnonHP 5y ago
        Bitwarden, over the last few years, has been focusing on enterprise features and has largely ignored more basic stuff. It doesn’t seem like that’s going to change quickly, since the pace of development seems slow.
  • travisporter 5y ago
    How much of a challenge would it be to achieve such an integration with Bitwarden?
• piqufoh 5y ago
  Great for 1Password - I love the tool and I'm a strong advocate. But ... Why such a large round? Why not go for an IPO?
  • Iv 5y ago
    Because money is desperate to find sinks to throw itself at.
  • darkwizard42 5y ago
    I think this type of massive up-round investment is basically an IPO, likely a fair amount of secondary level of exit for founders, employees, and wouldn't be surprised if the seed/first round investors were able to unload a little (if they even wanted to)
• scarfacedeb 5y ago
  They're a paid service. Why do they need so much extra funding?! There's definitely going to be a feature creep and annoying changes. Time to consider the alternatives again :(
  • qeternity 5y ago
    > Why do they need so much extra funding?! They've also (supposedly) been profitable since inception. It's likely that this round has a significant secondary, which means they're just cashing out part of a profitable business.
    • f311a 5y ago
      Not only profitable, but also bootstrapped business. They decided to go for VC money a few years ago.
    • nlh 5y ago
      Exactly. An increasingly common thing lately is what’s effectively a “private IPO”. That’s what this sounds like - liquidity for investors / staff, and ownership to a small cadre of professionally managed funds vs. the Wild West open markets.
      • qeternity 5y ago
        Funny, "private IPO" is exactly what I said to someone I was discussing these types of rounds with. Going public has very tangible costs, but also massive intangible costs. Private markets are extremely frothy and keep ownership and control within an aligned group of investors. This can make all the difference in the world to management.
  • deleted 5y ago
    [deleted]
  • novok 5y ago
    Because they want to make new products and become the privacy company.
• dmarchuk 5y ago
  I've been using 1password for years and so far haven't had any problem, all apps (desktop and mobile) work great, but I don't understand why they would need this kind of money, especially considering it's not free or cheap service.
• Mindwipe 5y ago
  Yeah, I've never seen a company so keen to alienate it's core audience. Well, at least not for a few years.
• jmull 5y ago
  > ...explore beyond the boundaries of traditional password management. This is a 50-50 proposition, at best. I hope this doesn't mean I'll need to start looking or a new password manager.
  • elteto 5y ago
    Such a silly sounding marketspeak... what is non-traditional password management? Password management + essential oils?
    • Karunamon 5y ago
      Example: Name any other password manager that can instantly spawn disposable email addresses on your own domain by talking to your email provider. Not to put too fine a point on it, but I fucking love this feature. It fits in naturally with the password manager, but it has barely anything to do with password management.
      • lawtalkinghuman 5y ago
        Hide My Email in iCloud. https://support.apple.com/en-gb/HT210425 https://support.apple.com/en-gb/HT210425
        • Karunamon 5y ago
          Note that I said on your own domain. iCloud email hiding generates addresses on iCloud domains, i.e. services will begin to flag them as a commonly-used disposable address provider and disallow them. Also completely worthless to the vast majority of people who are not on Apple devices. Also also, 1Password's integration with the email isn't managed by them. They talk to Fastmail, Fastmail spits out an address and tells it to 1Password, who then fills the form with it. I can ditch 1Password at any time, even delete my account, and lose nothing.
• skilled 5y ago
  Damn, that's pretty cheap.
• ctur 5y ago
  Great news for a great team. 1Password makes a very solid product and the company genuinely helps improve the security ecosystem for their users (and, through working with browser vendors on things like extension security, all of us). Hopefully they don’t go all cryptocoin and NFT with the funding… but given their dna, I think they will expand wisely.
• Ekaros 5y ago
  First question is where does password manager spend that amount of money. Second question who gives that amount of money to less than 10% of password management company... Sure it can have billions of users, but still it is in no way novel or complicated product. In sense it takes anywhere near that sort of money to build or manage...
• fideloper 5y ago
  Microsoft should buy them.
• fjni 5y ago
  Use a tiny portion of that to continue support for local, non-cloud-based vault files please.
• peruvian 5y ago
  Good for them, but not sure why they need so much money for a 100% paid product.
• germinalphrase 5y ago
  Has anyone migrated easily between password managers? Manually entering my (hundreds?) of unique logins/passcodes would be quite a chore.
  • cupofjoakim 5y ago
    When I went from lastpass to bitwarden I could simply export all my passwords to a json file and import them to bitwarden. I think it took like five minutes or something like that.
  • simon1573 5y ago
    Bitwarden is a really nice password manager. It can import from 1Password: https://bitwarden.com/help/article/import-from-1password/ https://bitwarden.com/help/article/import-from-1password/
  • beart 5y ago
    Bitwarden has an import option that will pull from a lot of other password managers. However, it definitely isn't perfect.
    • jwineinger 5y ago
      What parts don't you like? I'm considering migrating to something else after this news
      • beart 5y ago
        I imported from 1password. I found the following problems. - Some items did not import correctly at all because the 1password export format did not quote values (CSV). This means that if I have a password with a comma in it, I get two broken entries. This is more of a 1password issue though. - 2FA tokens did not import and would have to be manually reset. I guess this is to be expected though. - Some fields had different names than bitwarden was expecting, so values were imported into the wrong destination and had to be manually corrected. This was a while back so I'm not sure if anything has been improved.
  • 5y ago
• tempodox 5y ago
  This kind of announcement tends to ring all kinds of alarm bells for me. What kinds of changes should we expect to make those huge investments worthwhile for the investors? My 1Password installation is grandfathered from a time when it was just a standalone app, without subscription. Will it just stop working one day to bully me into subscribing? Can you even start using 1Password these days without buying a subscription? I'll have to start looking for alternatives today.
  • deagle50 5y ago
    Apparently v8 is subscription-only.
  • casenjo 5y ago
    Unfortunately yes. You'll still be able to use your license but once that version becomes incompatible with your OS you won't have a choice but to upgrade. I'm disappointed I won't be able to keep the Dropbox sync in 1Password 8. They did have this survey to gauge interest in self hosting it: https://survey.1password.com/self-host/ https://survey.1password.com/self-host/
    • MAGZine 5y ago
      The Dropbox integration to me became worthless after Dropbox limited the number of devices it would sync to on the free plan. If I can't have my passwords everywhere, then the value delivered drops off a cliff
      • frosted-flakes 5y ago
        You can sync local vaults any which way. I personally use Syncthing, but any file syncing service would work. On another note, I've been using 1Password for years, for free. The mobile app can edit local vaults without signing in, and the desktop program can view local vaults in read-only mode. If I want to edit or add a password, I do it on my phone—it's not worth $150+ to be able to do it on my PC a few times a year.
      • mdaniel 5y ago
• fxtentacle 5y ago
  "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 1Password needs the equivalent of 7750 years of $80k annual salary to build the same?
  • dominotw 5y ago
    refer to the famous dropbox comment on HN. 1password is just more usable for most people.
  • edf13 5y ago
    > How come 1Password needs the equivalent of 7750 years of $80k annual salary to build the same? One of the comments on the post is that they have 600+ staff? Why??
  • Trias11 5y ago
    >> 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.
  • gruez 5y ago
    >How come 1Password needs the equivalent of 7750 years of $80k annual salary to build the same? sales/marketing
    • waynesonfire 5y ago
      Good call, residential users are solid maybe they're going after the corporation use case?
  • Semaphor 5y ago
    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 ;)
• deleted 5y ago
  [deleted]
• Croftengea 5y ago
  They will probably go Dropbox route. Dropbox used to be an excellent file sync cloud service with a robust support on many platforms. They did just one thing and did it well. Now Dropbox is positioning themselves as business-team-collaboration-streamlining-platform for everything whose software is balancing between poorly programmed malware and useless enterprise bloatware.
  • worldsayshi 5y ago
    This makes me think that the real problem here is vendor lock in. If users didn't feel such a reluctance to switch between services then there wouldn't be such an incentive to bloat existing services rather than just building it somewhere else.
    • manmal 5y ago
      Apart from lock-in, first mover advantage is a big one too. Humans don’t like change, so they stick with services as long as switching provides no big benefits. My small company has stayed with our initial bank even though we were quite unhappy with it a couple of times. They didn’t rock the boat too hard, so we‘ve been with them for 8 years already - even though I was _this_ close to quitting sometimes.
    • benhurmarcel 5y ago
      There is no real lock-in with either Dropbox or 1password. It’s trivial to switch.
    • niyazpk 5y ago
      Is there a real lock-in in case of 1Password though? I like their UX and integrations, but looks like it is easy to export and move my data to other products if required.
  • tinyhouse 5y ago
    Did they have a choice? Companies like Google and Microsoft provide a package of file sync cloud service bundled with many other services, for the same or lower price. Most people/companies would find that a better deal.
• mrkentutbabi 5y ago
  I think if they use this for R&D more into security, I wouldn't mind. It will be better for consumer overall. Password manager is still hard to use for the elderlies and technically non savvy people.
• squiggy22 5y ago
  Auth0 acquires 1Password. Problem solved.
• Sytten 5y ago
  I will still recommend 1Password over Bitwarden to non-tech people because their whole UX journey is so well crafted that even my parents can understand it on their own. The valuation is most likely based on that and the potential growth in that market. I use and pay for Bitwarden but even I always get lost in the clunky UI and get frustrated by basic tasks (to a point I am considering switching). And it only gets worse when you have multiple teams and all the secrets are mixed up.
• studmuffin650 5y ago
  Seems like a lot of people are missing the piece as to probably why they need the money (and where they're pointing the company in the future). Future of 1Password: https://www.future.1password.com/ https://www.future.1password.com/
  • aniforprez 5y ago
    I'm actually surprised by all the reactionary comments here with almost no research. 1Password already has integrations with Fastmail and Privacy and have launched a Secrets Automation[0] offering. I'm assuming this money does go partially into the password manager (which they say has always been profitable) but I think the money would actually go into ancillary services for competitors to Vault or Okta for authentication and secrets. Of course, it's not unfounded that as consumers we'd be concerned about the affect this might have on the base product but they've been pretty open about their ambitions since the first funding round a couple of years ago [0] https://1password.com/secrets/ https://1password.com/secrets/
    • jordanpg 5y ago
      This. Where is the nuance and slow thinking, folks? I don't know much about much, but I do know that the far future of computing isn't going to involve people memorizing and typing complicated passwords, or using finicky password managers. There is massive potential for growth and vision in this space.
      • neon_electro 5y ago
        The conversation about 1Password's corporate direction and the impact on its products, users and the "ecosystem" they appear to care so much about has been going on for months if not years before today. There's been plenty of time for slow thinking. I say this as a 1Password subscriber and user of its products going back all the way to 1Password 3.
    • chasedehan 5y ago
      True. I’m reading this as an attempt to move into the enterprise auth space (e.g. Okta).
• dandellion 5y ago
  As a paying costumer I can only say that the last thing I want from my password manager is for it to push the envelope and explore any boundaries.
• WORMS_EAT_WORMS 5y ago
  This on the surface seems like a ton of money… but I don’t know anything about this level of funding / valuations so who knows. I love 1Password and use it for business and for personal. I recommend it to family and have migrated many people to a more secure setup as happy paying customers. Shared vaults for families are so important for emergencies. It’s expensive though. It doesn’t provide a quick way to share a URL with a client that isn’t a PITA. The interface could be prettier and make more sense. Like why is the “new” button almost a secret location and barely visible. Enabling two-factor with it is the absolute BEST but was buggy setting up. No simple iOS integration either. There hasn’t been any super “major” updates in like 2 years to functionality (despite what blog boasts) List goes on but it’s the best for now. I can’t justify paying more. So hopefully there huge funding plan isn’t to squeeze little folk and is more for big business. If Apple just went a little bit further with its manager (or even Google) I’d probably jump ship.
• gizmo 5y ago
  620m at a 6.8bn valuation is staggering. If they IPO at 10bn in a year they need a plan by then to grow towards a 30bn valuation, otherwise doing an IPO makes no sense. That is unbelievably ambitious for a password app. The founders are clearly willing to bet their company on their expansion plans. In the post they allude to expanding to the security space more generally. Curious to see this develop in the coming years.
• wim 5y ago
  This sounds like they might go enterprise and go after Okta and the like
• samgranieri 5y ago
  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, she's been using it for 9 years, and last weekend she was upgrading all her passwords to use 2fa with the QR code capturing facility. We had to go find the 1password classic browser extension (something stopped working, needed to reinstall it) and that took a bit of doing. 1password is not making it easy to find anymore, and when she contacted customer support (before talking to me), their response was to upgrade to a paid account and store your passwords on a server. Ugh. Honestly, now that they've raised this much cash, would it really be that big of an inconvenience or lift for them to give mac users a native app instead of the electron one and keep allowing legacy users like me to use 1password with our existing licenses and dropbox? I think they'd be able to hire some additional developers and product/project people to make it happen. Not continuing to work on the classic project just feels like a kick in the shins. Now, I'm building out my kubernetes cluster at home, and bitwarden is something I'm going to experiment with as a backup, but 1password 7 works fine and I just don't want to migrate to a paid account. C'mon 1password, make your legacy customers happy!
  • eric-hu 5y ago
    Migrate to Bitwarden. I owned a 1 password 6 license and hung onto it for dear life until last year. I technically had a 1 password subscription from work, and when that ended last year, my password experience hit a brick wall. I couldn’t add passwords from Windows. My Mac client refused to work, I had to uninstall multiple times and delete a data directory to erase any sign that 1 password subscription was on the system. I’m so glad I made the switch now. No pestering pop ups, equally usable on windows and Mac and iOS.
    • ilrwbwrkhv 5y ago
      Same made the switch to bitwarden this year.
• IceWreck 5y ago
  Why does a password manager need that kind of money ? They have their server software, apps/clients and infrastructure in place. They also have customers and presumably earn enough to maintain and grow. What is it that they plan to add that needs 620 mil ?
  • TimTheTinker 5y ago
    B2B apps & services.
• borplk 5y ago
  First LastPass and now 1Password. All downhill from here.
• adreamingsoul 5y ago
  Time to migrate.
• hcurtiss 5y ago
  I don't know if anybody uses Edge like me, but I feel like people should know that Edge with Authenticator works VERY WELL for password management. It is very close to feature parity with Lastpass and 1Password, it's cross platform, and it's free. After something like eight years, we dropped our subscription to LastPass.
  • nsm 5y ago
    How easy is it to use with random notes/apps on mobile? Some reasons I prefer a non-browser manager: - On Android/iOS, 1P will integrate with the system password manager APIs to sign in to apps - I can generate/store arbitrary password-like things (SSH key passwords, secret question made up answers, 2FA backup codes) that are not associated with specific domains. At least in Chrome's default password manager there wasn't a way to do something like this.
    • hcurtiss 5y ago
      On iOS, at least, when prompted for auto-fill, you can random search for other passwords. It doesn't really have a "notes" field, but you can definitely save a password without an affiliated website.
• Leader2light 5y ago
• miguelrochefort 5y ago
  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
  • djrogers 5y ago
    For additional context: Hashicorp has an 11+B market cap Okta has a 30+B market cap The view I keep seeing here of 1P as simply a 'password manager' is myopic... It's one of their products, and currently the most visible, but it's just 1 product.
• elforce002 5y ago
  Well, we're using dashlane for free right now and planning to pay for it (It's really cheap). I don't know what would be the use case for switching to this brand since now their focus will be to grow or die.
  • circa 5y ago
    https://www.dashlane.com/cs/1k5JfApcebh1 https://www.dashlane.com/cs/1k5JfApcebh1 - 6 months free right here
• 88 5y ago
  Presumably a stepping stone on the way to 1Password being acquired by a major tech company, e.g. Microsoft, Google, or Apple?
• degoodm 5y ago
  I hope that's enough to finally make a Chrome extension that works. Theirs seems significantly broken half the time.
  • cpuguy83 5y ago
    I've been using Edge with 1P for the last couple of weeks. I agree, it used to be terrible. Now it is better than Safari's 1P extension.
• DrBazza 5y ago
  Are "password storing" tech companies worth a billion or so? And what's the "unique selling point" that stops me switching from one to another?
  • darkwizard42 5y ago
    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
    • DrBazza 5y ago
      Gosh. I'm in the wrong business. I should create my own "store your password" company. How hard can it be?
      • darkwizard42 5y ago
        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.
• buro9 5y ago
  Now I know why Bitwarden was on the HN homepage a few hours earlier.
• cletus 5y ago
  Back in the early smartphone days one of the last mobile games that I recall that simply cost money and didn't nag you for in-app purchases was Angry Birds. You may be tempted to correct me because modern Angry Birds looks nothing like this. Trust me, it was once $1-5 and that was it. And it was pretty popular for a time. Anyway around this time Rovio (the game studio) raised $42M [1] and I distinctly remember thinking "well that's a huge mistake" and "this is the end". Companies that produce creative content just don't scale in a way that's compatible with VC. I include game studios and content creators like Netflix in this. Netflix is a prime example of how you just can't throw money at creating content and become HBO. While I agree with Netflix's need for original content, it's become so expensive that their monthly subscription is now too expensive for many to just have and ignore (with the recent price hike it's more expensive than HBO Max). Anyway, I use 1Password having previously used LastPass and pay for it. I have a bad feeling about this funding round because what can possibly justify it? To those who argue there are free alternatives, that's true but any I've used just aren't as good. It's not just generating and storing a password and filling out a form. So many companies have subtleties that make this annoying. Maybe it's the username on one page and then password on another. Or the form filling out is incompatible with some shitty Javascript or whatever. This is the real value of 1Paswword. And can I just complain for a second about how some sites (I'm looking at you American Airlines) add a third field (surname for AA) for no reason whatsoever, which is just awkward for a password manager. I did learn from this post about the Fastmail integration to automatically create one-use passwords. This is a feature I've long wanted and I'm surprised that Gmail doesn't do this because it seems like such an easy win for users. I may have to sign up for that. [1]: https://www.reuters.com/article/rovio-accel/angry-birds-creators-rovio-raises-42-million-idUSLDE72918B20110310 https://www.reuters.com/article/rovio-accel/angry-birds-crea...
• MattGaiser 5y ago
  1password handed out a $70 off $70 purchase (or the approximate cost in CAD of their family plan) Amex credit last year. Paired with Rakuten, I made a profit by purchasing it. Now I can see why they did it.
• mkoubaa 5y ago
  Maybe with that kind of capital they can afford to fix OAUTH now?
• circa 5y ago
  I used to use Lastpass but once they were bought out, I bailed. Anytime I see these types of Password articles I always like to share that I've been using Dashlane for years and love it. Multi-platform and now its all browser based. The iOS app is great too. It also includes a VPN with the pro plan. https://www.dashlane.com/cs/1k5JfApcebh1 https://www.dashlane.com/cs/1k5JfApcebh1
• PragmaticPulp 5y ago
  I’ve been using the older 1Password 6 version for a long time with Dropbox syncing. This is the version that still had perpetual licensing. And it works just fine. I can see why they’re pushing so hard to force everyone to their paid SaaS service: I haven’t paid them additional money in years and yet my setup works perfectly well. Eventually, though, one of the browser extensions will stop working and they’ll insist I upgrade if I want to keep using it. My only hope at this point is that some other company will come along and make a password manager with equivalent UX (the only missing piece from competing products) and undercut them. Surely someone can do it with, say, only a couple million dollars invested instead of hundreds of millions.
• deleted 5y ago
  [deleted]
• mirzap 5y ago
  I've no idea why would profitable company that does password management ever need to rise such amount of money. This could be an intro for big exit, who knows. They will literally have to throw their users under the bus, limiting features and increasing existing plans. Expect 50% price increase in the next 6 months, alongside with some "great feature" with which they'll try to justify the price increase.
• jrochkind1 5y ago
  I learned about services I didn't know about yet, Secrets Automation, and the Fastmail integration. I can't find Secrets Automation pricing info. Is it just, every developer needs a paid 1password account and that's it, or what? *edit* oh wait I just found it, the answer to pricing is "Contact Sales". Booooo.
• boringg 5y ago
  Question from the community comment thread here: How many people are actually going to change away from their current 1 password account as a result of this OR how many will watch 1 password and make a move in the future if product lowers their quality vs how much of this comment thread is people expressing viewpoints but aren't tied to the product in a real way? Obviously tough to validate but I feel like a lot of the comments are just knee jerk reactions without any real action tied to them. Curious if I am on the margin of comments though.
  • PragmaticPulp 5y ago
    I assume many of us are hanging on to older 1Password versions that offered perpetual licenses and Dropbox syncing. Once those eventually stop working (OS update, browser extension changes) I’ll be switching. But I’m not going to proactively change because there’s no reason to. The 1Password SaaS isn’t terribly expensive, but I would have spent $100+ more on it for the exact same functionality I’ve had with my perpetual license for the past several years. I have no intention of spending more money for the same thing and having the overhead of managing yet another SaaS bill.
    • boringg 5y ago
      Do you think they would extend that license indefinitely? I can't imagine it to be a large portion of clients - why upset a loyal base of clients?
• dangero 5y ago
  Anyone have a guess on 1Password company revenue?
  • cannonpalms 5y ago
    Self-reported to be $150MM in 2021 [1]. [1] https://www.cnbc.com/2022/01/19/1password-valued-at-6point8-billion-by-investors.html https://www.cnbc.com/2022/01/19/1password-valued-at-6point8-...
• farzher 5y ago
  you can write your own password manager in a weekend. the encryption code is trivial. it's just a matter of ui/ux. and if you're making it only for yourself, that's not a problem. highly recommended
• rcarmo 5y ago
  Friendly reminder that I have a list of alternatives here: https://taoofmac.com/space/apps/1password https://taoofmac.com/space/apps/1password (I am now using Secrets while trying out iOS-friendly KeePass implementations)
  • drcongo 5y ago
    Secrets was my favourite out of every password manager I tested, it's like 1Password before they started removing core functionality and implementing useless features requested by someone in marketing. It's only missing the ability to have shared vaults which sadly is key to my needs.
    • rcarmo 5y ago
      And for me, a Watch app :)
• drcongo 5y ago
  This is terrible news.
• vladstudio 5y ago
  Eh. I used to use 1Password long ago, when it was still a "normal" app (one-time payment, not trying to become a unicorn). It was easy for me to switch password managers (my needs are modest, and I generally like to break my app habits once in a while). My journey included (1) self-written manager; (2) LastPass; (3) pass CLI, and (4) Bitwarden (free tier). I'm now a happy Bitwarden user. It's ugly, and I'm a UX designer, but it's the least worst! (to me)
  • Tier2Capital 5y ago
    Shout out to Strongbox if you're an apple user. It supports .kdbx across apple devices with a 10/10 UI
    • rekoil 5y ago
      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.
      • txtsd 5y ago
        KeepassXC is your best bet!
    • u2077 5y ago
      + 1 for strongbox and keepassXC
      • Tier2Capital 5y ago
        The best combo
  • TameAntelope 5y ago
    1Password is vastly superior to Bitwarden from a UX perspective, and considering that's literally the only reason I have a password manager, that is, by far, the most important thing. If you think "security" is the reason you have a password manager, how come all of your accounts are tied to your email address? If you just wanted security, there are, by far, more secure tools and practices you could employ than Bitwarden (among them keeping a notebook of passwords on your person at all times). Your comment reads, to me, as a signaling effort. "I'm aware of bad corporations and I don't support them!" is less strong of a signal than you may think.
• minroot 5y ago
  This people have lost their minds.
• andrew_eit 5y ago
  I can see the use case for these online password apps. But I can't for the life of me understand why KeePass isn't the defacto gold standard. It's secure, open source and you have control over the data. I would never for the life of me think of storing my important passwords with a company ever. Am I over reacting?
  • SixDouble5321 5y ago
    Not any more than the rest of us
  • crubier 5y ago
    Have you ever tried 1Password ? I think most people who tried both will tell you that the experience is night and day. Cross-device, cross-app integrations, password sharing, etc. Like most old-school open source software, Keepass was built without UX in mind at all.
• adim86 5y ago
  I am surprised people are worried about 1Password getting this money and not caring about their users. How about at least they have money to be alive for the foreseeable future. I am worried about free password managers because they are broke and could sunset the app at any point and now I have to go find something else, or better yet, no financial incentive to do the best thing for the app. They do it for fun. My security is not for fun. LOL
• prakhar897 5y ago
  Skimming through their jobs board. Their are approx 100 "talent acquisition" roles open. Engineering is like 20 roles. What the hell are they going to do with so many recruiters?
  • amackera 5y ago
    I guarantee that those 20 eng roles represent 100s of actual positions. You need to staff up talent acquisition before you staff up talent. Also they'll probably be growing their sales team also.
• no_wizard 5y ago
  Everyone who’s just looking at this as a simple password app might be missing the boat. One killer feature for enterprise customers is teams can share secure variables as well as new credentials for services. Now I imagine a world where 1Password can be a secrets manager for your environments. I know a lot of cloud services offer this already however they’re not always great, and since most of your org may be using 1Password this would be a huge value add. I think what this is fueling is the ability for 1Password to grow beyond a password manager to handle other sensitive sharable data
• josefrichter 5y ago
  Congratulations. Authentication on internet is still a hugely underdeveloped topic, especially for normies. All the non-IT people basically have 5 weak passwords reused on 100 sites, written down on a piece of paper next to their computer or in their wallet. And of course what they don't know is all of those passwords were leaked 100 times anyway. This is a serious issue in digital society, to be fair.
• alexnewman 5y ago
  I switched from pass to 1password because my family kept on losing the password. 1password family plan is badass.
• hda111 5y ago
  I can’t trust 1Password when everything is stored in cloud.
• deleted 5y ago
  [deleted]
• btown 5y ago
  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 reasonable leap for them to make! https://1password.com/secrets/ https://1password.com/secrets/ https://1password.com/secrets/integrations/ https://1password.com/secrets/integrations/ https://1password.com/enterprise-password-manager/ https://1password.com/enterprise-password-manager/
  • theptip 5y ago
    I think you are on the money here. I hadn’t spotted this but they have a k8s plugin for example: https://github.com/1Password/onepassword-operator https://github.com/1Password/onepassword-operator This solves the “restart pods when my secret is updated” issue which suggests to me that they are not just paying lip service with these integrations.
    • Fiahil 5y ago
      They probably should merge with https://github.com/external-secrets/kubernetes-external-secrets https://github.com/external-secrets/kubernetes-external-secr...
  • koboll 5y ago
    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.
    • jtbayly 5y ago
      Yeah, we’ll, it sucks to pay for an app that is perfect and then have them ruin it because of their b2b aspirations. And raising money like this is just another link in the chain pulling them down into the pit of insanity that ruins the most-beloved password manager ever.
• vijaybritto 5y ago
  How will a password storage service make enough money to justify this mind-blowing valuation? Is selling to a bigger company their only goal now?
• nunez 5y ago
  Here's to hoping that 1Pass IPOs instead of goes for acquisition (which would be awful; see also: LastPass).
• throwaway984393 5y ago
  Jesus Christ this is infuriating. Now I have to go find a different password manager that will just take my money, be profitable, and not become another fucking SV unicorn horror show capitalist wet dream.
• pythops 5y ago
  1Password still even exists ?!
• amashq 5y ago
  That was a quick answer to Bitwarden's post that gathered some upvotes earlier today!
• prirun 5y ago
  > It feels like yesterday that I was excited to cross the 100-employee threshold, yet here we are just a few years later approaching 600. For a password manager? Damn.
• _xnmw 5y ago
  Are we in a bubble?
• xyzzy_plugh 5y ago
  Congratulations to all the folks at 1PW! It's been a slog. I'm very bullish on 1Password. They are the only product that I can use across my entire family and workplace with such little hand holding. While they've pretty much solved the consumer front, there is much to be done to solve the needs of businesses. For example, right now if an employee leaves, we have to rotate everything they had access to. Their SSO support and API are pretty new, but historically managing vaults and users has been a pain. They're making steady progress. I'm excited to see what comes next.
• Aeolun 5y ago
  Who in the fuck values 6.8B dollars for a password manager? For that kind of money you can build (apparently) 10-20 of them.
• _pmf_ 5y ago
  620M is too much for a password manager, so we can safely assume it is no longer one.
• post_break 5y ago
  Bitwarden, please for the love of god add multi-account support. I know it's in the works but it's taking too long. I have work accounts and personal accounts. 1Password boiled the frog with pricing.
• saddestcatever 5y ago
  Bummer. I used to be a huge advocate for 1Password. Purchased a single license for $60 back in the day. Backed up my vault to Dropbox. For a few years, it was the best app I've ever bought. Now with the upgrade to monthly subscription, my Windows machine is stuck on a crappy legacy version of the app. I get that every company and their mother wants that $A$$ money, but I truly miss the simplicity.
• IOT_Apprentice 5y ago
  The question to ask is WHY did they raise that much? What are they going to be using that much cash for?
• goatcode 5y ago
  Is there any practical way for anyone but the user to access any of the stored info?
• the__alchemist 5y ago
  If they IPO, when's a good time to enter a short position? 1 month after? Longer?
• mupuff1234 5y ago
  I really hope the fed raises interests rate ASAP since inflation seems to be getting out of hand.
• blunte 5y ago
  I still boggle at the scale of investments these days. What does a company like 1Password do with that much money?
• caycep 5y ago
  I'm just amused at all the hollywood names on the PR...I mean if Black Widow herself was in on this funding round, it really must be secure!
• qwertyuiop_ 5y ago
  I am an exceptionally happy Bitwarden user
• songshu 5y ago
  Question for consumer users of this service who are also Apple users — how does it compare to Apple’s password management?
• chriscjcj 5y ago
  Used 1Password for years and years. Being forced to have my password database leave my control and be hosted by a third party, AND pay a subscription fee for the privilege was a bridge too far. I now have a vault-warden docker running on my Synology NAS at home. I have Bitwarden running on my computers and mobile devices. I have no ports open to my NAS. I'm using a UDMpro router and have an L2TP VPN configured. This allows me remote access. I pay nothing and I'm in complete control of my password data. This has turned out to be a wonderful setup and I'm very grateful that it's possible.
• rekoil 5y ago
  Great, maybe now they'll be able to afford native apps instead of Electron...
• andrei_says_ 5y ago
  As someone who uses the non-subscription version of 1-password (iOS only, syncs amongst my iOS devices but no use on my Mac) I wonder how soon they’ll pull the plug on this. Wish I could be happy for them but instead I’m worried that I’ll lose what I have.
• deleted 5y ago
  [deleted]
• freeduck 5y ago
  Lol
• shehackspurple 5y ago
  Congratulations 1Password! AMAZING
• rkagerer 5y ago
  Has anyone here speculated they might intend to use such a substantial piggy bank for some radical new aspect to their product [line]? Not sure what... eg. perhaps some server-facing & app-facing API that would log customers in more touchlessly in a bid to become the SSO nexus of the world.
• fmakunbound 5y ago
  Am I missing anything with 1Password, already using Bitwarden?
• throwaway5752 5y ago
  Regardless of the TAM of secret management and the enterprise market for it.. this is a ton of money. I don't fault 1Password for taking it if it was offered, but I personally find it off-putting. How can the market opportunity be so compelling to justify that level of investment, but at the same time require that much capital infusion to chase? If there is enough demand it should be possible to balance funding from external investment and cash flow. They've been around 17 years, so my hope is it is just early investors cashing out on a $7B valuation, which seems doesn't seem unreasonable. It is hard to know without more details.
• LeoPanthera 5y ago
  1Password has 600 employees? What do they all do?
  • frabbit 5y ago
    Sales and posting on HN.
• teewuane 5y ago
  I love 1password :)
• amelius 5y ago
  Tbh, since using Firefox Sync, I have no idea why people would need anything else to manage their passwords ... Can anyone enlighten me why I would need 1Password?
  • Barrin92 5y ago
    Firefox Sync lacks basic functionality of a password manager. Storing notes, storing card information, sharing data securely with other users and so forth.
  • mlindner 5y ago
    It uploads your passwords to their cloud. How is that okay? The key thing with a password manager is disjoint processes. You don't want the cloud provider to also be the password manager provider. A single breakin/rogue employee/government warrant and you passwords are exfiltrated.
    • neon_electro 5y ago
      Your "one password" is part of the encryption key for your 1Password vaults; your passwords and sensitive information stored in the vault is encrypted before it hits 1Password's cloud. Exfiltrators would need your master password to get in.
• mlindner 5y ago
  1Password lost me when they went subscription model and required mandatory servers on their system to keep it running. It went from being one of the best password storage solutions to one of the worst. I'm still using 1Password 6 as that was the last version which could run offline.
  • bluescrn 5y ago
    In the pre-cloud days, Dropbox was the go-to option for syncing 1Password. But Dropbox have also restricted their free offering (3-device limit) since then. I didn't mind paying for 1Password so much, it does its job well across multiple platforms and devices, and it got me away from some very bad password habits. But I don't use Dropbox any more.
• christkv 5y ago
  This makes me want to consider switching away as they know will have monetize so who knows how they will mess with me in the future. Any options out there that supports the same range of clients and are privately held ?
• napier 5y ago
  A password manager utility? Are we at peak VC profligacy yet?
• xchaotic 5y ago
  Every time I see such a pre emptive money grab (1p doesn’t need all this money upfront- they could fund new features and growth from paying customers) I know that prospective users will have to pay back a multiple of the 600M back to the investors. Why would I choose 1pass, knowing that they’ll want even more money in the future, in perpetuity, when free alternatives exist? I also feel like it makes them a super juicy central attack target for both commercial and state sponsored hackers.
• saos 5y ago
  One product I'm truly happy to pay for
• partiallypro 5y ago
  I have as of yet been able to find a password manager I actually enjoy and doesn't have its share of problems. LastPass, 1Pass, NordPass, Enpass, KeePass...all of them fall short or feel slow/buggy or have poor integrations.
• gtvwill 5y ago
  Lol software like 1pass seem so pointless in days of web browsers with sync and 2fa. Deadset not really much of a reason to use them unless your like...no Microsoft in your stack at all. But I mean your probs burning coin on all kinda stuff if that's the case so paying double for a built in func probably wouldn't surprise me.
• smcleod 5y ago
  You'd think with $620M they'd be able to continue to develop native applications and not 'have' to move to a javascript react monstrosity.
  • crubier 5y ago
    Yay the kind of « monstrosity » that all apps are moving to because that’s objectively what 90% of users prefer.
    • smcleod 5y ago
      You actually think users prefer non-native / electron apps? It's all about saving money for the company.
      • crubier 5y ago
        Saving money to develop features that people actually care about. In contrast to having native looking UI depending on the platform.
• alexnewman 5y ago
  I love 1Password personally but hate using multiple vaults for corporate . So no company I run will ever use 1Password as it would annoying. B2c forever B2B ain’t ganna happen
• fire 5y ago
  Congrats I guess? It's been incredibly disappointing as an end user who has been on a local vault for something like ten years to be told I have to use the cloud offering if I want a version of the 1Password app on Windows that is actually equivalent to the Mac version. It's just about as annoying as being required to ( pay for the upgrade ) to v7 in the first place because they couldn't ( or wouldn't? ) fix the code signing issue on v6 that broke browser integration a few years ago. I really like 1Password, honestly, but I wish there was a long term support standalone-license version that just gives me the basics and local/dropbox vault storage. I explicitly do not care to rely on another cloud service, especially so for my vault of private information.
• cassac 5y ago
  Now I understand why they sold out. Nothing gold can stay.
• kangaroozach 5y ago
  I have 1Password installed on my Mac and in my browsers. Yet for some reason I’m constantly asked to enter my master password. Like 20 times a day. Rarely does it accept just ny fingerprint. Rarely does it work without forcing a reload of the browser. It seems like the different apps and browser tabs are constantly competing with each other and making my day miserable. Anyone have a solve for this? Am I the only one? I wish it just worked so that anytime I needed to fill a password, I just scan my finger and get right in. Why can’t it be that simple?!!!!!!!
  • torstenvl 5y ago
    I had weird issues like this too. Constantly having to restart 1Password Mini for the keyboard shortcut to work, etc. I'm using Enpass now and it works great.