Please don't fuck it up.
LogMeIn acquires Lastpass
61–70 of 443 posts
Re: LogMeIn acquires Lastpass
#62Earlier quoted context omitted.
> My first reaction to reading the title was "why?" You're reading Hacker News. You know what "exit" means.
And since "exit" has come to mean 50%+ chance that customers will be screwed over it also means that in the future having a decentralized product will be KEY to actually get investor money - there's only so many times this get-customers-screw-customers round-about can spin before it gets uninteresting from a capital gain standpoint.
I'm not so sure. It's also possible the it will always work, and what happens is you lose the early, informed users, and gain new users who are more moved by marketing.
Logmein is still in business, and buying companies. At first blush it seems like they'd be a good company to have a stake in.
Re: LogMeIn acquires Lastpass
#63I have used LastPass Premium since they started.
What gets me down about this is the trust I had for the service LastPass provided. I appreciated their open and pre-emptive communication. They were willing to dive into the details of a possible issue and explain everything about it.
Re: LogMeIn acquires Lastpass
#64Congrats to LastPass team for a successful exit :)
I understand why the users might have concerns with "LogMeIn", but well one should've expected (at least on this forum) that this is going to happen.
I know this isn't the most popular comment. But, what the heck, be happy for the LastPass team, they've worked their ass off. That's what this forum is for, isn't it ? We(hackers) are all in the same boat.
Re: LogMeIn acquires Lastpass
#65I had to find out about this from HN. Never got an email, even being a premium member.
Re: LogMeIn acquires Lastpass
#66Well looks like I'm going to have to convince, my wife, family, extended family, and friends that they all have to switch password managers now. I'm blown away, I've been a fan since day one because of it's simplicity and availability. I am torn between waiting to see what happens and giving them the benefit of the doubt and just changing all my passwords before Logmein can f--- me.
Well, export your data ASAP. At least if shit happens you won't lose it all. Would be funny if LMI spent 120MM just to have a product everyone leaves. lol.
Re: LogMeIn acquires Lastpass
#67Congrats to Bob and Joe and LastPass team. I'm a former LastPass employee and will be forever empresses by their work ethicc that I saw. They definitely deserve it.
Re: LogMeIn acquires Lastpass
#68Wonder if now is the time to look at alternatives, before the service potentially changes. I hear a lot of good things about 1Password, which seems to work for my iPhone/MacBook. Anyone know if there's a reasonable option for using it on Windows?
I chose 1Password because it works seamlessly across iPhone/MacBook/Windows. https://agilebits.com/onepassword/windows
Does it have android fingerprint login/auth like Lastpass? This is my favorite feature and would hate to lose it.
Re: LogMeIn acquires Lastpass
#69Price was $110M + $15M in contingency payments. From the LogMeIn investor release[1] Under the terms of the transaction, LogMeIn will pay $110 million in cash upon close for all outstanding equity interests in LastPass, with up to an additional $15 million in cash payable in contingent payments which are expected to be paid to equity holders and key employees of LastPass upon the achievement of certain milestone and…
That's funny. The LogMeIn employees have a financial stake in making sure that people DON'T exit en masse after the acquisition. I wonder why?
I would caution, then, that any interviews given by any staffer to the effect of "LastPass is not changing, your data is perfectly safe with LogMeIn, the prices will not skyrocket, etc." over the next few months should be taken with a grain of salt, since they quite literally have $15 million riding on you not leaving.
Re: LogMeIn acquires Lastpass
#70This is pretty terrible news. It would have been need to see LastPass get acquired by a company like AWS but LogMeIn doesn't really have the reputation required to ask people to trust them with all their passwords.
Also, the valuation also seems low to me. Maybe LastPass was having trouble generating recurring revenue. It seems like going public would be a better route for security companies but maybe the revenue wasn't there for an IPO.
I've had a paid subscription for years and used their enterprise service for 2 different startups. Hopefully the service doesn't start to suck. I'm already scouting alternatives.