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Bitwarden raises $100M

bitwarden.com

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Re: Bitwarden raises $100M

#311
post #127

Earlier quoted context omitted.

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.

Like TOTP, which is part of payed variant and I consider that an essential feature of a password manager in 2022. Don't get me wrong, I am not complaining about that business decision, just answering since you asked.

TOTP should be on a separate device.

Re: Bitwarden raises $100M

#312
post #300

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…

FFS, changing password manager is a pain in the ass. I've already migrated from 1Password, now I have to do it again? Argh. If only there was a decent cloud-based open source alternative that worked on Windows, Linux, iOS, macOS, Firefox and Chrome.

A dedicated import feature for Bitwarden is coming in v4.1 later this week: https://github.com/padloc/padloc/issues/561

Re: Bitwarden raises $100M

#313

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 just looked at your CI. Very very few automated tests. It isn't a deal breaker (Bitwarden honestly isn't much better), but it doesn't instill much confidence in your application either.

https://github.com/padloc/padloc/runs/8205722258?check_suite...

Re: Bitwarden raises $100M

#314

Earlier quoted context omitted.

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?

While I don’t have any opinion about the features, they did have native app and now the app is Electron based.

Re: Bitwarden raises $100M

#316

Earlier quoted context omitted.

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?

Now that every single damn service out there is costing me a cup of coffee every month, I end up paying a couple of coffee jugs a month. Are we seriously going to shame customers for trying to cut some costs in this economic context? As a customer, what I can do is compare with the competition. Padloc is more expensive than basically every other option out there. And as far as we can tell, Bitwarden was already runni…

> Are we seriously going to shame customers for trying to cut some costs in this economic context?

That all depends on the margins of what is being offered. If you are proposing they sell a dime's worth of product for a nickel, then I would see the above post as a much more polite version of the correct response, which is "get lost."

Re: Bitwarden raises $100M

#318

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…

I have rotated out and back in to BW at least 3 times.

Hardly locked in.

Re: Bitwarden raises $100M

#319
post #290

Whatever the fuck do they need this for? I just cannot see any good reason to raise $100M. Hell, $10M might be too much.

I have exactly the same question.

I can’t imagine needing $100M for developing this kind of product. Anyone has a guess?

Re: Bitwarden raises $100M

#320

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

You're right. It's too late to edit it now but I'll keep it in mind for next time.
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