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Bitwarden raises $100M

bitwarden.com

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Re: Bitwarden raises $100M

#301

Post by hackernewds »

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…

I think your conflict of interest / disclaimer should be stated at the beginning of your post

Re: Bitwarden raises $100M

#302

Post by DrJaws »

SeanAnderson wrote: post #292
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…

Use a horcrux. https://kaizoku.dev/double-blind-passwords-aka-horcruxing

this is brilliant

Re: Bitwarden raises $100M

#303

Post by lijogdfljk »

kornhole wrote: post #184
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'…

The people at Bitwarden and their supporters are familiar with countless examples of this playbook. Those tricks are not as easy to pull anymore. I have seen Bitwarden be very ethical in their business so far. I recommend it to my friends and family and to my company to pay for the service. It is a similar model to Nextcloud who successfully funds their business from governments and companies and provides it free to…

> Those tricks are not as easy to pull anymore.

Arguably, they did with Bitwarden already, no? Ie even if they don't do anything bad - they still executed steps of free users and large VC checks.

Which is to say, does it not seem like they've already executed the "trick"? Users are already there, they have cash in hand. Their motivations don't matter much here, we as users can only see their actions.

But i don't follow bitwarden at all. I avoid free products for this "trick" reason. If i'm not paying or self hosting, i'm not interested heh. Am i reading Bitwarden wrong?

Re: Bitwarden raises $100M

#304

Post by _verandaguy »

RuleOfBirds wrote: post #222
_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.

I think the gotchas aren't for the early adopters and power users. It's for the people who will eventually make up the larger, more lucrative percentage of their user base starting with the friends and family of early adopters who are recommended to it. Once they're set up with it, the idea of "importing and exporting between dozens of password managers" is meaningless. And gotchas aren't always limitations but can b…

That's a good point. I figure lock-in might hit the enterprise users hardest down the line.

Re: Bitwarden raises $100M

#305

Post by latchkey »

herrherrmann wrote: post #202
sleepless wrote: post #190

Question: all users of the free plan just don't use 2FA or Yubikey? I am amazed how that would be good policy in 2022. Nothing wrong with charging for a premium version, just curious how users handle things and why there seem to be so many users on the free plan. They all just don't know or care about 2FA?

You can use other free apps for 2FA, e.g. Authy. That might even be better for security because even if your password manager account is hacked/leaked, you would still have the 2FA setup in a separate app/platform. That being said, it’s of course more convenient to have passwords and 2FA tokens in the same app.

I just moved off Authy to Raivo. Authy traps you into their product... not something that you want.

Re: Bitwarden raises $100M

#306

Post by dimitrios1 »

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.

Selling some thing would be nice, but most of what Apple sells me is a license to my own stuff, sold in perpetuity. They don't want you to own anything. They want to own it all and have you pay them for the privilege of using their stuff. With their documented planned obsolescence., they don't even want us owning what little bit we do have for any extended duration of time.

(Above statement applies to most consumer technology and "digital media" companies, social networks, etc)

Re: Bitwarden raises $100M

#307

Post by hackernewds »

MaKleSoft wrote: post #285
folkrav wrote: post #253

Earlier quoted context omitted.

Not gonna lie, I'm having a hard time justifying the 3-4x increase in cost for Padloc vs. Bitwarden. The pricing is only rivaled by 1Password, which makes it a hard sell to me...

Well, there is the problem, isn't it? If people aren't willing to pay what amounts to a cup of coffee a month for a service they rely on daily, how are companies supposed to build a sustainable business without raising money?

I watch Netflix daily and the content costs much more to create maintain and serve. costs less than a cup of coffee per month

Re: Bitwarden raises $100M

#308

Post by coldblues »

bmurphy1976 wrote: post #274
xd1936 wrote: post #156

Earlier quoted context omitted.

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…

Have you checked if it's enabled in your accessibility settings? It needs to overlay itself over other apps. After having enabled it, it started working fine.

Re: Bitwarden raises $100M

#309

Post by [deleted] »

sleepless wrote: post #190

Question: all users of the free plan just don't use 2FA or Yubikey? I am amazed how that would be good policy in 2022. Nothing wrong with charging for a premium version, just curious how users handle things and why there seem to be so many users on the free plan. They all just don't know or care about 2FA?

[deleted]

Re: Bitwarden raises $100M

#310

Post by bengale »

scarface74 wrote: post #90
bengale wrote: post #85

Earlier quoted context omitted.

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?

I would think so, on the business side of things. I'm not entirely sure what we pay for 1Password because we pay it without question tbh. We have a fair few subscriptions but 1Password would be up there with the indispensable ones.
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