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Bitwarden raises $100M

bitwarden.com

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Re: Bitwarden raises $100M

#141

Post by przemub »

nabaraz wrote: post #122
danparsonson wrote: post #102

Earlier quoted context omitted.

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.

I think you don't need anything else by the README of vaultwarden. https://github.com/dani-garcia/vaultwarden

It has worked for me great without any issues for over a year now.

Re: Bitwarden raises $100M

#142

Post by CharlieDigital »

jabart wrote: post #128

Congrats to the Bitwarden team. Also wanted to mention it's a c# (dotnet) project for those who say dotnet isn't for startups.

.NET/C# SV startup here.

Very encouraging to see the stack getting a big funding round.

.NET/C# is a very underrated backend stack for startups. Stable, mature, secure, supported by one of the tech behemoths.

Re: Bitwarden raises $100M

#143

Post by 12ian34 »

MaKleSoft wrote: post #125

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…

Paying Bitwarden user here.

This doesn't worry me that much. In the event that incentives get skewed (which isn't certain), I guess I could just stop updating the app before that happens, or fork the last good version?

I'm interested in your alternative. I hadn't heard of it, went on your site and it looked decent, I think if I had seen this before going with Bitwarden I'd have seriously considered it, BUT now that I'm a keen BW user, it doesn't seem as if there is enough for me to switch.

Are you also definitely never going to take VC money? Or an acquisition, say, by Bitwarden? Why should I trust you (and a product I've only just learned about)?

Re: Bitwarden raises $100M

#144

Post by javajosh »

That is a LOT of money. $100M. That's enough money for ~50 people to live on $100k/year for the rest of their lives. You could pick 50 thinkers, scientists, artists and say "hey you never have to work again, just do your thing". But instead you invest it in a startup that will almost certainly burn it up in a couple of years of 7 figure salaries for execs and fail.

What a waste.

Re: Bitwarden raises $100M

#145

Post by ErneX »

radiKal07 wrote: post #123

Any Apple-devices users here? Why would I use this instead of Apple built-in password manager?

I use Bitwarden mainly because I can self host the server (vaultwarden).

And even though I don’t use Windows much, it’s nice that I can use the win client there.

Re: Bitwarden raises $100M

#146

Post by fmajid »

michaelmior wrote: post #24
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?

> 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.

Compete with Okta, essentially

Re: Bitwarden raises $100M

#147

Post by delfinom »

Cederfjard wrote: post #130
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?

It's a hilariously oversaturating market though with everyone and their mom rushing into that space with VC and non-VC funded products for the past 2 years.

Re: Bitwarden raises $100M

#148

Post by nicoburns »

Cederfjard wrote: post #130
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?

Ah, I missed that bit

Re: Bitwarden raises $100M

#149

Post by l72 »

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.

I do the same. I run bitwarden_rs as a docker container on a raspberry pi on my home network. Then use wireguard so I am always connected to my home network.

This works great for my family. Simple set up, and I've done 0 maintenance on it.

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