Live data from Hacker News

Bitwarden raises $100M

bitwarden.com

81–90 of 522 posts

Re: Bitwarden raises $100M

#81

Ok I have been putting off for sometime now, but looks like it's time to learn to host Vaultwarden

It's ridiculously easy, especially if you use SQLite. The only downside IMO is that they take the Bitwarden frontend as is which expects the full feature set to be available. For instance, if you disable email 2fa via the admin interface (the only component vaultwarden add to the frontend), trying to set it up in the app fails silently.

Re: Bitwarden raises $100M

#82
We use BitWarden at work, we use their business/hosted offering.

We pay them $3600 per year.

Why is everyone so concerned? They’re popular enough in businesses. Their product is great for teams, hence why we pay for it. I’ve found it much better than alternatives. The killer feature for me has been safer account sharing, including 2FA (and I know it makes it somewhat redundant, but it’s safer than turning it off completely)

Re: Bitwarden raises $100M

#84
post #36

Bitwarden already does one thing well. It's everything I'm looking for - open source, costs money but not much ($10/yr), 2FA, clean interface. I'm happy for the new investment, but I hope they don't start adding new things just for the sake of growing. Also - to the people who analyze funding rounds - $100M sounds like a huge amount to me. Why would a password manager need so much money?

> Why would a password manager need so much money? The money isn't for the password manager particularly. In the article they list a number of new things they want to develop. I think there will come a point when most mainstream web services will require "passwordless" authentication, which means users will have to register with one of a few commercial passwordless providers. Think "login to service X with Google/Git…

Isn't there already a standard for that: webauthn ?

Hasn't really caught on, despite being several years in the making already

Re: Bitwarden raises $100M

#85

Earlier quoted context omitted.

1Password, a competitor, raised ~$650m earlier in the year off the back of exceptional growth. The investment case is likely: Bitwarden are doing well, 1Password are doing very well, maybe Bitwarden can do very well too with some additional capital. Password management is rapidly growing in mindshare, there's a big market and great room for growth, the amounts involved are commensurate with the opportunity -- every s…

Or 1Password could just suffer from the DropBox problem - it’s a feature not a product. Every company’s answer to that is also the same “we will target the enterprise”. They aren’t “doing well” if they still require outside funding.

A feature of what service though?

The OS? iCloud keychain does this, it's not a compelling offering though if you need to use any other OS.

Something like Google? Not sure I'd want to risk my Google account ever getting locked and loosing access to all my other accounts.

I'm not sure what that leaves.

Re: Bitwarden raises $100M

#86

> The Bitwarden business model will not change Bitwarden remains committed to A fully featured free version, forever An open source architecture The ability to self-host Advanced business features This is great!

Why has someone put 100m in? Because they expect 200m back.

*10 billion back.

Re: Bitwarden raises $100M

#88

Earlier quoted context omitted.

Even if that is the case, storing passwords across devices is a solved problem and not enough people are willing to pay for it to be a profitable business. “It’s a feature not a product”

Given the number of businesses out there doing it I would venture to guess you are wrong. Also Bitwarden and other password managers are not just about storing the passwords. For example on a personal level I use bitwarden family to manage my Parents passwords and to assist them with issue on various service, this gives me away to setup accounts and securely share passwords with them for the services, and vice versa…

Why are large businesses “sharing passwords” between users? What happens when one user leaves?

Isn’t sharing a password in a business context like “Things you shouldn’t do” 101?

Re: Bitwarden raises $100M

#90
post #85

Earlier quoted context omitted.

Or 1Password could just suffer from the DropBox problem - it’s a feature not a product. Every company’s answer to that is also the same “we will target the enterprise”. They aren’t “doing well” if they still require outside funding.

A feature of what service though? The OS? iCloud keychain does this, it's not a compelling offering though if you need to use any other OS. Something like Google? Not sure I'd want to risk my Google account ever getting locked and loosing access to all my other accounts. I'm not sure what that leaves.

Is that a large enough market to be a sustainable, profitable business?
Post reply on HN