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Bitwarden raises $100M

bitwarden.com

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Re: Bitwarden raises $100M

#121

Post by ShamelessC »

Macha wrote: post #103
cmeacham98 wrote: post #31

Earlier quoted context omitted.

How did I have to scroll this far down to find someone who's actually read the post? Everybody seems to think the money is purely for expanding the password manager, while in the post they call out adjacent markets they want to expand to. I'm cautiously optimistic that this could mean we won't see the end of Bitwarden, as those are areas where companies will pay big money.

It's not that people didn't read the statement, it's that people have learned not to trust statements like this. Ask all Heroku's customers who were just fired by Salesforce to focus on their enterprise offering for example.

I’m pretty sure it’s still because people didn’t read the statement, lol

Re: Bitwarden raises $100M

#122

Post by nabaraz »

danparsonson wrote: post #102
Octabrain wrote: post #75

Glad for them and I really hope them to succeed in the long run, engrosing the list of successful bussiness based on OS. As a side note, I've been tempted so many times at this point on getting a payed subscription and getting rid of my "keepass+keepassdb sync via Google drive+keepass keyfile local copy on each device" for the sake of making things simpler. I've read how the internals work, checked the auditories, re…

Maybe some sort of self hosting arrangement would work for you? I self-host Bitwarden behind a Wireguard VPN so it's only visible to devices I've authorised. Self-hosting comes with it's own risks of course but you would at least be in control of your data.

Interesting approach. Any blogs you could point me to?

I am also looking to self-host Bitwarden.

Re: Bitwarden raises $100M

#124

Post by iso1631 »

antcas wrote: post #114
gundamdoubleO wrote: post #64

Earlier quoted context omitted.

>How did I have to scroll this far down to find someone who's actually read the post? Welcome to Hacker News

Welcome to the internet at large.

And by extension the world. For every person who reads a story, 10 more just look at the headline and absorb it subconsciously.

Re: Bitwarden raises $100M

#125

Post by MaKleSoft »

If you're a Bitwarden user and this doesn't worry you, you haven't been paying attention to the history of almost every company that has accepted VC funds.

It doesn't matter how well intentioned the founders are - once you accept that kind of money, it's not your product anymore. You are now in the business of making money, nothing else, and those skewed incentives will start bleeding into their product and business practices sooner or later.

As a company, Bitwarden has been a huge role model for me, and I hope they'll be the exception to the rule. But $100M is a lot of money, and I simply can't imagine it having a net-positive effect on the company and product. But we'll see...

For anyone looking for a bootstrapped, open source alternative to Bitwarden, check out Padloc:

https://padloc.app/ https://github.com/padloc/padloc

(Disclaimer: I'm the founder)

Re: Bitwarden raises $100M

#126

Post by PascLeRasc »

cmeacham98 wrote: post #31
michaelmior wrote: post #24

Earlier quoted context omitted.

> Why would a password manager need so much money? The announcement suggests they are looking to also launch their own authentication service and tools for managing application secrets.

How did I have to scroll this far down to find someone who's actually read the post? Everybody seems to think the money is purely for expanding the password manager, while in the post they call out adjacent markets they want to expand to. I'm cautiously optimistic that this could mean we won't see the end of Bitwarden, as those are areas where companies will pay big money.

It's because we're all still in the middle of getting burned by 1Password spending millions to make our app run worse and do less.

Re: Bitwarden raises $100M

#127

Post by mirzap »

xani_ wrote: post #109
NickHoff wrote: post #10

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?

I just hope we won't get repeat of LastPass - some company buys it then just keeps on life support while raising prices. Also "OSS" version is not really open source, it's just core and all the features you really want from password manager are behind the paid license anyway

Like what? All the features that password manager needs to have (and features that 99% of people need) OSS version have it. SSO, organization management etc. is not something that "password manager" needs to have.

Re: Bitwarden raises $100M

#129

Post by JohnJamesRambo »

cmeacham98 wrote: post #31
michaelmior wrote: post #24

Earlier quoted context omitted.

> Why would a password manager need so much money? The announcement suggests they are looking to also launch their own authentication service and tools for managing application secrets.

How did I have to scroll this far down to find someone who's actually read the post? Everybody seems to think the money is purely for expanding the password manager, while in the post they call out adjacent markets they want to expand to. I'm cautiously optimistic that this could mean we won't see the end of Bitwarden, as those are areas where companies will pay big money.

The road to terrible software is paved with companies trying to expand to “adjacent markets”.

Re: Bitwarden raises $100M

#130

Post by Cederfjard »

nicoburns wrote: post #6

Well that’s annoying. I guess the clock is ticking on Bitwarden becoming user hostile. I can’t see how they’ll be able to produce a return on that investment at their current price points. Having said that, I do think there is an opportunity for Bitwarden to expand into application secret management, and that could be a lucrative market with big enterprise customers if they get it right. The announcement seems to be…

> I do think there is an opportunity for Bitwarden to expand into application secret management

You mean like they mention in the announcement that they will be doing?

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