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Bitwarden raises $100M

bitwarden.com

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Re: Bitwarden raises $100M

#361
Excited to hear this. The most important use case for me that is unmet with Bitwarden is a shared vault in a company that has some pernissioning etc.

It would be cool if there were a Bitwarden "extension vault" that is only accessible so long as you are employed somewhere and which suggests rotation as part of offboarding etc. Anyway, congratulations and good luck.

How much would I pay for that? Perhaps with ACLs and stuff I think $10 / user-month

Re: Bitwarden raises $100M

#362

Earlier quoted context omitted.

It's also useful for things like secure temporary password delivery. I set up your account for the first time with a new service, generate a temp password you have to reset on first login, and then share it to your Password Manager space. Also just useful for things like API keys - my team just has all of our team's allocated API keys for various services in our password manager so we don't have to go look them up in…

I understand the temporary password use case. But what do you do when an employee leaves? Do you change all of the API keys?

Aren't we supposed to be rotating our keys when someone leaves no matter what technical solution to this problem we're using?

Re: Bitwarden raises $100M

#363

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'…

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.

The amount of data in a typical password vault is insignificantly small measured in kilobytes. Bitwarden cost structure is mostly fixed costs for the infrastructure with small variable costs. If a company was providing hosting of large data stores, supporting many free users would be more difficult.

Re: Bitwarden raises $100M

#364

Earlier quoted context omitted.

Ah, the lifecycle of a company. I think of the first rounds of funding as a sort of puberty. Going public is the mid-life crisis, signaling the downward spiral towards inevitable death. Of course, being bought out is like God taking Enoch directly to heaven, where who knows what happens. Those large companies with unnatural lifespans have somehow tapped into the deep, dark magic of the Elder Ones (usually government…

>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.

Yeah This happens with google too. I have a friend who has so many business/personal docs (she's a writer) on google as well as gigabytes upon gigabytes of photos both for professional and her family. I have tried many times to go over on a weekend and help them degoogle at least their stuff after having seen reports on here of google just locking down accounts or deleting them wholesale (can't say i've seen that with apple? but it has to happen there as well) .

Re: Bitwarden raises $100M

#365

Earlier quoted context omitted.

> Maybe there is an enterprise play somewhere The post mentions the plan to implement advanced business features, and also "Business users deserve consumer ease-of-use along with advanced integration and deployment features."

That just makes it worse. I'm a paying customer right now. VC + focus on business means the consumer stuff dies or gets neglected to the point that it should die. All resources get moved to the high-growth parts of the business once VC enters a company. Bitwarden will not be the first to get VC to change its operating principles.

One benefit of providing a great free service to individuals is that they become champions and help sell the product. Case in point, I work in IT at a large company that currently does not have an official password manager, and I am recommending it here.

Re: Bitwarden raises $100M

#366
post #181
post #133

Earlier quoted context omitted.

Isn't bitwarden[0] already open source and aren't you just asking people to trust you till you take VC money? [0] - https://github.com/bitwarden/server

Not only that but even the clients are open source ( https://github.com/bitwarden/clients ). There's even an unofficial Rust reimplementation of the server which is even better. Parent post is spreading FUD on this one.

Lots of people can't set up their own bitwarden servers on a slow weekend. Yeah I can, but I venture 98% of people can't. Sorry, you're assuming everyone (including every HN audience) member can do that. Are we supposed to just keep quiet? I think we all know what happens when the VC folks come in. If you haven't lived through it (I have a few times now) you've at least heard about it if you read tech news at all. As long as the comments are respectful I don't see any reason to gatekeep them

Re: Bitwarden raises $100M

#367

Earlier quoted context omitted.

The people at Bitwarden and their supporters need to answer 1 simple question. How do they increase their valuation 10+x without pulling those tricks. Because that's what the VC funding demands. No VC is giving out $100mm for a 20% or even 100% return, which could possibly be achieved by simple growth. They're giving that money because they're expecting exponential return. Maybe there is an enterprise play somewhere…

> Maybe there is an enterprise play somewhere The post mentions the plan to implement advanced business features, and also "Business users deserve consumer ease-of-use along with advanced integration and deployment features."

"advanced business features" can also translate as "we don't know how we're going to monetize this but we'll hopefully figure out how to make companies pay for the service"

Re: Bitwarden raises $100M

#368

Earlier quoted context omitted.

C# is a rarity in SV and startups in general. There's a resourcing constraint for a team hiring only geographically in SV. SV and startups are dominated by JavaScript/TypeScript and Python. It makes the parts of the team a bit more plug-n-play and in some calculus, makes it easier to grow the team as the company grows. There's also a bit of cultural asymmetry that may make it harder to hire experienced senior C# engi…

IOW, it's a weird SV bubble thing. I get the idea that most developers in SV don't know C#/.Net, that happens everywhere. Some areas are java, some .net, some Ruby/Python. What I was surprised about was this weird rationalization that C#/.Net was somehow dangerous to a startup. Not only is that not true, C#/.Net is going to be better for a startup long term due to the stability that comes with that ecosystem that you…

> What I was surprised about was this weird rationalization that C#/.Net was somehow dangerous to a startup. Not only is that not true, C#/.Net is going to be better for a startup long term due to the stability that comes with that ecosystem that you flat don't get in ruby, python, js, etc.

It's "dangerous" in some scenarios for sure.

1) You want to hire locally in SV; there just isn't a concentration of developers there.

2) You want to hire senior resources for your *startup*; I emphasize startup because you're comparing apples to oranges when comparing startup to enterprise. C# is heavily used in enterprise so a startup competing for senior resources might be fighting an uphill battle

3) You want to make sure your team is plug-n-play; there's an abundance of JavaScript, TypeScript, and Python developers. For this reason, it's probably not a great idea to choose Go or Rust because now you're competing against Google and low number of senior Rust developers in general.

4) You want a full stack team; if you hire C# backend, you'll need to train your JS/TS front-end folks to be full stack. If you're full stack C#, well, you're not going to have a good time unless your app is desktop.

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I'm a big time advocate for C# and part of the reason I joined my current startup was to see what sort of crazy team would pick C# for a SV backed startup, but I can also see the flip side of the coin.

Re: Bitwarden raises $100M

#369

Earlier quoted context omitted.

> Maybe there is an enterprise play somewhere The post mentions the plan to implement advanced business features, and also "Business users deserve consumer ease-of-use along with advanced integration and deployment features."

That just makes it worse. I'm a paying customer right now. VC + focus on business means the consumer stuff dies or gets neglected to the point that it should die. All resources get moved to the high-growth parts of the business once VC enters a company. Bitwarden will not be the first to get VC to change its operating principles.

Here we go again: Some company (in this case, Bitwarden) "betrayed" its customers by doing what every other firm does. And Hn goes brrr over it. Then another alternative (KeePass) appears on HN's frontpage. It's like companies are right: You can't target the niche market of programmers because their expectations are through the roof.

I wonder, aren't the majority of HNers working at a for-profit company funded by VCs?

The hypocrisy is just intolerable at this point.

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