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Bitwarden raises $100M

bitwarden.com

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Re: Bitwarden raises $100M

#271

Post by ChuckNorris89 »

robertlagrant wrote: post #265
ChuckNorris89 wrote: post #193

Earlier quoted context omitted.

>Those large companies with unnatural lifespans have somehow tapped into the deep, dark magic of the Elder Ones (usually government contracts) Or, you're Apple, and your cloud hosts the digital lives of all your users from teenage years to adulthood, so they're not gonna switch to any competitor no matter what.

If you got to that position by just selling something customers want, then good on you.

Sure, good on you, but once you got that position, what's stopping you from monetizing your users by selling their personal data to advertisers?

I don't understand why anyone would celebrate and worship monopolies? Publicly listed companies are not your friends. You're just a dollar sign for them.

Re: Bitwarden raises $100M

#273

Post by purim »

drumhead wrote: post #187

Oh dear, this isnt good news at all. Now they're going to be under pressure to produce excessive returns to fatten the company up for an IPO or sale. Having seen what happened to Lastpass when it was passed around from pillar to post this saddens me deeply. Lets see what anti consumer measures they start introducing to force us to pay more. Limitations on the free tier look likely and price rises as well.

It's weird seeing ppl downplay this exact scenario. They raised $100M, can they hit sales in a recession? Rates are rising for VCs, they need to generate a winner quickly more than ever. Just in time before the expected 75bps rate increase

Re: Bitwarden raises $100M

#274

Post by bmurphy1976 »

xd1936 wrote: post #156
timwaagh wrote: post #116

Happy user here. Congratulations to the company. Would be cool if they invested some into autofill functionality for their Android app because that doesn't seem to work as it should.

My experience with the app's autofill using both the Android Autofill Framework and the Quick-Action Tile has been great. Can you talk more about what doesn't work well for you?

I'm not the op but I find the Android experience to be pretty terrible. It almost never gives me the option to auto-fill my passwords and when it does it's usually because I already went out of my way to open Bitwarden. It's very inconsistent and frustrating. I'm not running any weird Android version either. Pixel 5, stock OS, always up-to-date.

The thing is, I've never used any other password manager on Android so I can't tell if the problem is Bitwarden or if the problem is Android.

Re: Bitwarden raises $100M

#275

Post by rvz »

api wrote: post #224
ChuckNorris89 wrote: post #131

I'm not referring to Bitwarden here but isn't this the standard M.O. of any SV startup? 1. Release great product for free 2. Attract as many free users as possible to signal growth to investors 3. Keep running the unprofitable free tier at a loss as long as possible using your massive VC war chest, while locking in your users with various gotchas 4. Once you reach critical scale and gained mass user adoption and you'…

This is bad but how else do you fund a serious software project? Polished well tested and supported software is massively expensive to produce yet we've conditioned the market to believe it should be "free," which means the only way to really do it is to do something like the above. If everyone expected a car to be free cars would be loaded with all kinds of convoluted bolted-on features to extract money from you: ad…

JetBrains has already done it for years. [0] Hundreds of millions in revenue. Profitable. Zero VC capital raised. [0] Supporting, sells and develops open-source software used by millions of developers worldwide.

When I see capital raised, the treadmill for an expected return starts running and it is not for everyone.

[0] https://twitter.com/chetanp/status/1205907182396395525

Re: Bitwarden raises $100M

#276

Post by darknavi »

intrasight wrote: post #266

Honest question: what's the main benefit to using a password manager?

Being able to have strong passwords without manually writing them down somewhere. All of my passwords are now at or near the maximum allowed character limits/complexity.

A lot of password managers have some simple UI to show you your weak passwords and it's a but of a fun game when you first import all of your passwords. Take a few days and browse all of your accounts and either delete the account or beef up the password!

Re: Bitwarden raises $100M

#277

Post by aniforprez »

burntalmonds wrote: post #205
selykg wrote: post #194

Earlier quoted context omitted.

I think the biggest is simply having access to your data on non-apple devices and non-apple browsers. I.e. using it in Chrome or Firefox or whatever browser you want, as long as there's an extension that supports the browser it's likely available. You can store a lot more data in Bitwarden as well, including custom fields, so you aren't stuck with just a username and password and optional 2FA. With Bitwarden you can…

Apple released a Windows app that lets you access your keychain passwords. There's also a chrome extension.

Neither of which help me on my android phone or my Linux machine...

Re: Bitwarden raises $100M

#278

Post by selectodude »

scarface74 wrote: post #104
jorvi wrote: post #98

Earlier quoted context omitted.

> and not enough people are willing to pay for it to be a profitable business. 1Password is doing just fine..

Now they are also raising rounds of funding “chasing after the enterprise”. Every single time a small bootstrapped company tries to “accelerate growth by going after the enterprise” the product gets worse for consumers. See also DropBox. 1Password’s desktop app is much worse than it use to be all while each platforms built in capabilities are getting better.

>1Password’s desktop app is much worse than it use to be all while each platforms built in capabilities are getting better.

I keep reading this but as a user of 1Password over the past decade or so, the functionality hasn't changed much. I'm confused as to what they're spending all the VC money on because these re-writes haven't done much but in terms of functionality, I think it's best in class.

What am I missing?

Re: Bitwarden raises $100M

#279

Post by roustem »

scarface74 wrote: post #104
jorvi wrote: post #98

Earlier quoted context omitted.

> and not enough people are willing to pay for it to be a profitable business. 1Password is doing just fine..

Now they are also raising rounds of funding “chasing after the enterprise”. Every single time a small bootstrapped company tries to “accelerate growth by going after the enterprise” the product gets worse for consumers. See also DropBox. 1Password’s desktop app is much worse than it use to be all while each platforms built in capabilities are getting better.

from the founder of 1Password: would love to learn where you think it is worse.

1Password 8 has a ton of new features and it is faster than the previous version. Some of the new features like Universal Autofill and SSH Agent do not exist in any other product. It also fixes many problems that accumulated in the app over the years.

More on features here: https://1password.com/products/features/

a more visual description of what's new is here: https://1password.com/mac/

Re: Bitwarden raises $100M

#280

Post by pydry »

toqy wrote: post #208
_verandaguy wrote: post #199

Earlier quoted context omitted.

Full disclosure, I'm a paying user of Bitwarden. I think for BW this kind of falls apart at #3. The main draw of this product for me and many others is that it's actually pretty no-frills. It's also broadly compatible with importing and exporting between dozens of other password managers. That said, this could be a blind spot for me. Let me know if there's any gotchas I should know about here.

It is fairly no frills. But they're gonna have to add some frills if they want to use up that $100M

They could try and replicate most of the keybase features. Use FOSS to market it and sell a hosted version.

That is the only direction which I think could charitably use this $100m productively.

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