4 ms·

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 1Passw

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).
- PragmaticPulp 5y ago
  > I'm actually surprised by all the reactionary comments here with almost no research. On the contrary, many of us are already experiencing the paid SaaS squeeze from 1Password long before this fundraising. It doesn’t matter what they claim to need the money for. The company and product already declined from a great standalone option to a forced SaaS subscription payment with the self-hosted options removed. There’s no way I’m buying the story that they’re raising more money without a goal of squeezing more money from their customers, nor will I believe that they’re only going to get this profit from other customers while ignoring the consumer space. In the real world, companies don’t actually segment up their product offerings and operate them as separate businesses with separate profitability goals. It’s all one big product mix and they’ll be squeezing money out of everything, wherever they can find it.
- matheweis 5y ago
  Two major reasons for the backlash: 1: 1Password already backhanded users once for business reasons. They used to be a nice, local password manager that synced with dropbox or your choice of filesystem. Then they added cloud support and used dark patterns to force adoption of a subscription based cloud service while making the local version harder and harder to use. At some point I gave up, I’m not even sure it’s possible to use locally anymore. It might be that the marginal utility is worth it, but forcing my hand also broke my trust 2: This is now the path of the majority of American corporations, most especially high growth vc funded; make something awesome, grow, extract profits, die. It doesn’t really matter whether it’s burritos or password managers, we’ve seen this pattern one too many times.
  - neon_electro 5y ago
    It's still possible to use it locally in v7; v8 will no longer allow it. The brand damage has been done regardless.
  - vmurthy 5y ago
    > This is now the path of the majority of American corporations Nitpicking but 1P is a Canadian company :) . I guess the pattern is almost universal?
    - matheweis 5y ago
      Good call out :)
ballenf 5y ago
Looks like they're aiming to become a cloud-based active directory, abstracting away authentication to a higher level single identity. They want to become something like a Passport for users across the web. If they can do this, it will be huge. But hopefully I'm not alone in hating this direction and see tracking individual identities as a small price to pay to protect freedoms.
- otterley 5y ago
  Microsoft tried this over 20 years ago, even calling it Microsoft Passport and offering it free of charge, and it failed miserably: https://news.microsoft.com/2001/08/12/microsoft-passport-brings-convenience-safety-to-e-commerce/ https://news.microsoft.com/2001/08/12/microsoft-passport-bri...
  - Karunamon 5y ago
    There's such a thing as being too ahead of the game. 20 years ago is an eternity in tech; there's nothing to say it might not work now.
    - encryptluks2 5y ago
      There is also something to be said about free not actually being free, and anyone with common sense would know that "free" from Microsoft means practically the opposite.
deleted 5y ago
[deleted]

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).
PragmaticPulp 5y ago
> I'm actually surprised by all the reactionary comments here with almost no research. On the contrary, many of us are already experiencing the paid SaaS squeeze from 1Password long before this fundraising. It doesn’t matter what they claim to need the money for. The company and product already declined from a great standalone option to a forced SaaS subscription payment with the self-hosted options removed. There’s no way I’m buying the story that they’re raising more money without a goal of squeezing more money from their customers, nor will I believe that they’re only going to get this profit from other customers while ignoring the consumer space. In the real world, companies don’t actually segment up their product offerings and operate them as separate businesses with separate profitability goals. It’s all one big product mix and they’ll be squeezing money out of everything, wherever they can find it.
matheweis 5y ago
Two major reasons for the backlash: 1: 1Password already backhanded users once for business reasons. They used to be a nice, local password manager that synced with dropbox or your choice of filesystem. Then they added cloud support and used dark patterns to force adoption of a subscription based cloud service while making the local version harder and harder to use. At some point I gave up, I’m not even sure it’s possible to use locally anymore. It might be that the marginal utility is worth it, but forcing my hand also broke my trust 2: This is now the path of the majority of American corporations, most especially high growth vc funded; make something awesome, grow, extract profits, die. It doesn’t really matter whether it’s burritos or password managers, we’ve seen this pattern one too many times.
- neon_electro 5y ago
  It's still possible to use it locally in v7; v8 will no longer allow it. The brand damage has been done regardless.
- vmurthy 5y ago
  > This is now the path of the majority of American corporations Nitpicking but 1P is a Canadian company :) . I guess the pattern is almost universal?
  - matheweis 5y ago
    Good call out :)

ballenf 5y ago

Looks like they're aiming to become a cloud-based active directory, abstracting away authentication to a higher level single identity. They want to become something like a Passport for users across the web. If they can do this, it will be huge. But hopefully I'm not alone in hating this direction and see tracking individual identities as a small price to pay to protect freedoms.

otterley 5y ago
Microsoft tried this over 20 years ago, even calling it Microsoft Passport and offering it free of charge, and it failed miserably: https://news.microsoft.com/2001/08/12/microsoft-passport-brings-convenience-safety-to-e-commerce/ https://news.microsoft.com/2001/08/12/microsoft-passport-bri...
- Karunamon 5y ago
  There's such a thing as being too ahead of the game. 20 years ago is an eternity in tech; there's nothing to say it might not work now.
  - encryptluks2 5y ago
    There is also something to be said about free not actually being free, and anyone with common sense would know that "free" from Microsoft means practically the opposite.

deleted 5y ago

[deleted]