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Bitwarden raises $100M
381–390 of 522 posts
Re: Bitwarden raises $100M
#382Earlier 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."
"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"
I think that's a pretty disingenuous translation. The post describes some ideas and I'd imagine that the VCs who invested were provided with a more detailed planned.
Re: Bitwarden raises $100M
#383Earlier quoted context omitted.
Yeah, that's why I have just stuck with Apple's keychain.
This is the real answer for most people - especially if they've drunk the coolaid as it were. Keychain will continue to get better and better for those in the Apple ecosystem, and for much of those outside it, Chrome provides enough.
But only if you are deeply in, like use safari on osx instead of say firefox.
Having a windows box as well as all my macs make it less nice.
Re: Bitwarden raises $100M
#384Earlier quoted context omitted.
How did I have to scroll this far down to find someone who's actually read the post? Everybody seems to think the money is purely for expanding the password manager, while in the post they call out adjacent markets they want to expand to. I'm cautiously optimistic that this could mean we won't see the end of Bitwarden, as those are areas where companies will pay big money.
It's because we're all still in the middle of getting burned by 1Password spending millions to make our app run worse and do less.
I almost switched to bitwarden last week, now glad I didn't, but the problem still remains of wanting to find a password manager that isn't crap.
Re: Bitwarden raises $100M
#385If 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…
Questions:
* What makes you invincible to investment? * What makes you different from BitWarden? (they are also opensource, might have been bootstrapped too, also claim being autdited) You seem to only really be "an alternative", which is great, but you kind of oversell it I think. * "I simply can't imagine it having a net-positive effect" --> or do you mean on "your" company? Because, you seem to also sell a product: access to the hosted solution of your open source product. * Open source BitWarden server-side API implementations exist... Even in Rust (not that that matter that much given the nature of e2e encryption). * Are you not interested to one day provide an enterprise tier over you family tier?
Disclaimer, I'm a satisfied user of BitWarden's free tier for some years.
So here my main gripes with BitWarden:
* There is an option to send them your password file for them to import it. This goes against their e2e philosophy that I believe it should have huuuuuge red tape, and it does not. They should deliver this type of functionality in a manner that I can run it on my local machine.
* Horrible UX. I've often been searching where they hide the save or edit button this time. You're product looks nicer in this department.
Good luck with your product! I'm a little busy, but I may give it a try some day. To me there is a safety in BitWarden not going belly up, and alternatives (self-hosting and your product) existing.
Re: Bitwarden raises $100M
#386Oh 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
For sure. Taking venture capital increases the odds of a large success, but also increases the odds of total failure. VCs are perfectly willing to blow up a modestly successful business if it means a chance at a giant success.
And from my perspective as a BitWarden customer, both of those outcomes could be worse for me. Obviously for failure, but many companies in their rush for new pots of money can do things that aren't great for existing customers. And then if those rushes don't work out, things like layoffs, reorgs, and other chaos can diminish customer focus, leading to long-term product decline.
Re: Bitwarden raises $100M
#387What's wrong with KeePassXC?
Much more difficult syncability between desktop and mobile. Similarly, sharing a vault between multiple users is also quite more involved.
Sounds tempting, but my experience has been that when these nice companies raise a lot of money they go to shit. Dropbox comes to mind.
Can you even imagine what kind of stuff they had to tell their investors in order to get 100m?
Re: Bitwarden raises $100M
#388I switched to Bitwarden when LastPass started using silly tactics to make customers pay. I didn't switch because of the price - the service pricing of Bitwarden was a pleasant surprise. I switched because I lost all trust in LastPass. Managing credentials and sensitive information is all about trust. The second I lose trust in that kind of service, I don't just stop using it, I will most likely never even consider co…
> I don't give second chances to services that are trust based. You might run out of services then at some point. Human beings are fallible, full stop. Also, a company isn't an individual -- management teams change, corporate priorities change, security practices improve. Judging a whole company by what a few employees did or didn't do a decade ago isn't always going to yield an optimal approach. Refusing to give any…
> You might run out of services then at some point.
This. Every SW creator (OS, framework, app) manages the risk of security vulnerabilities. It's not black and white or simple and easy.
Re: Bitwarden raises $100M
#389I switched to Bitwarden when LastPass started using silly tactics to make customers pay. I didn't switch because of the price - the service pricing of Bitwarden was a pleasant surprise. I switched because I lost all trust in LastPass. Managing credentials and sensitive information is all about trust. The second I lose trust in that kind of service, I don't just stop using it, I will most likely never even consider co…
I bailed on lastpass when they doubled the annual price for the second year in a row. They had also just been acquired by LogMeIn, who didn’t have a great reputation. I don’t know if I can manage another service switch. I can do it just fine, but my wife is more resistant to these kinds of changes and we need to be on the same page on this.
I just started using Dropbox Password Manager, it's a nice value-add if you are already a customer.
With the base service, Vault, and this, it's a nice overall package.
Re: Bitwarden raises $100M
#390Any Apple-devices users here? Why would I use this instead of Apple built-in password manager?
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…
Keychain supports a 'secure note' type item which is just a blob you could drop some structured data into, but no way to specify a custom fancy form.