Earlier quoted context omitted.
How do you trust the word of a company that doesn’t have a profitable business model? Just wait for the inevitable “Our Amazing Journey” post on their website.
The way I read it is that they already have one minority investor, Battery Ventures and they are now adding another, PSG. PSG will get a seat on the board of directors, it's unclear if Battery Ventures have a seat. It is also unclear if the two minority investors combined holds a majority. I hope things goes well for Bitwarden, but I'm also expecting an amazing journey in their future. I really doubt that there's eno…
When I ask “how can you trust the company”, I don’t mean to imply that the founders have less than good intentions. But once you take VC money, the founders intentions don’t mean much.
I’m sure the founders of both Instagram and WhatsApp - just two companies that come to mind where the founders were idealistic and they were hit hard with the reality stick once they got acquired - really believed that their company wouldn’t change for the worse once they were acquired.