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Bitwarden raises $100M

bitwarden.com

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Re: Bitwarden raises $100M

#91

Earlier quoted context omitted.

How do you trust the word of a company that doesn’t have a profitable business model? Just wait for the inevitable “Our Amazing Journey” post on their website.

I don't understand, how is their business model not profitable? Their business model is, as I understand it, paid subscriptions.

Their business model is not profitable by definition if they are spending more money than they are bringing in requiring outside funding.

Re: Bitwarden raises $100M

#92

> 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!

Remind me when they are on their 3rd CEO, 5th product head, and brand new funding sources.

Re: Bitwarden raises $100M

#93
post #77

Earlier quoted context omitted.

How exactly is it violating the AGPL for the author to change licenses? They require contributors to assign copyright so... BitWarden belongs entirely to BitWarden.

Because if you've accepted patches you're not the author of the entire code base anymore. So it's not your own work, but a collaboration. This is why I never sign CLA. Since I'm basically signing my rights away.

Right, but if you had signed a CLA then it's absolutely not violating the AGPL if the host decides to close the source. Since these organisations require that, they're not violating the AGPL.

That's not to say I agree with them and it's obviously shitty behaviour – but license violation is a specific act that they aren't guilty of.

Re: Bitwarden raises $100M

#94

> 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!

How do you trust the word of a company that doesn’t have a profitable business model? Just wait for the inevitable “Our Amazing Journey” post on their website.

The way I read it is that they already have one minority investor, Battery Ventures and they are now adding another, PSG. PSG will get a seat on the board of directors, it's unclear if Battery Ventures have a seat. It is also unclear if the two minority investors combined holds a majority.

I hope things goes well for Bitwarden, but I'm also expecting an amazing journey in their future. I really doubt that there's enough money to be made as is to yield an acceptable return on investments for the $100M, plus whatever Battery Ventures have already put forward.

Re: Bitwarden raises $100M

#96

Earlier quoted context omitted.

That's only possible if Bitwarden requires a CLA, do they require a CLA for commits/PRs?

Isn't a CLA just a standard CYA move from more established open source projects? I had to sign one to contribute to Django as well and I don't see them "pulling a MongoDB" any time soon. My assumption is this is so that they're legally protected from contributors revoking the right to use their contribution at some later point or other obnoxious legal shenanigans.

It depends on the CLA. Some just require you to affirm that you have the rights to license your contribution, and that you license it under the license of the project, which is indeed mostly just a CYA. It doesn't allow the project to unilaterally change the license of your contribution, and I haven't seen much people have a problem with this kind of CLA.

The other common form of CLA is a copyright assignment (or something equivalent) to a foundation or company representing the project, which is much more troublesome. This allows them to basically do whatever they want with your contribution, including charging for it, or closing the source all together.

Re: Bitwarden raises $100M

#97
Bitwarden replaced lastpass for me and really i'd never go back.

My only gripe is filling in card details, there is never a floating icon to click to do it automatically, you need to go to the menu bar and select the card.

Apart from that all perfect!

Re: Bitwarden raises $100M

#98

Earlier quoted context omitted.

Yes, and what is that one like the 6th or more "auth standard" they all "agreed to" before promptly doing their own variations which then get spun into a new standard they all "agree" to before.......

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”

> and not enough people are willing to pay for it to be a profitable business.

1Password is doing just fine..

Re: Bitwarden raises $100M

#100

Earlier quoted context omitted.

I don't understand, how is their business model not profitable? Their business model is, as I understand it, paid subscriptions.

Their business model is not profitable by definition if they are spending more money than they are bringing in requiring outside funding.

There is the option that they are profitable, but need the investment to expand the business somehow. There is some indication of that in the press release, but it does seem a little fluffy, and a $100M is a pretty big sum of money.
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