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Bitwarden raises $100M

bitwarden.com

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Re: Bitwarden raises $100M

#451

Post by imwillofficial »

_verandaguy wrote: post #431
imwillofficial wrote: post #318

Earlier quoted context omitted.

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

Out of curiosity, why so many rotations away (and back to) BW? Most people I know stick with a single password manager almost permanently, or at least unless their manager has some kind of earth-shattering vuln announced that just shakes their trust enough to move.

I moved to RememBear, they recently went EoL. Others were trying KeePass and Password safe as local options.

Basically chasing the new shiny.

Re: Bitwarden raises $100M

#452

Post by CryptoBanker »

yewenjie wrote: post #158
ctvo wrote: post #86

Earlier quoted context omitted.

*10 billion back.

How is that realistic? If they expect to get 10 billion in 10 years, they need to have 100 million paying users (if they charge $10 per user per year), which is like the entire active users count of StackOverflow - https://en.wikipedia.org/wiki/List_of_social_platforms_with_...

Getting money back has nothing to do with revenue.

It just means the VC was able to sell their shares for that 10 billion -a price which may or may not be related to the company’s actual fiscal performance

Re: Bitwarden raises $100M

#453

Post by jbaczuk »

InTheArena wrote: post #430
jbaczuk wrote: post #395

Earlier quoted context omitted.

Not sure I understand, why did you switch back?

Ahh. Didn't tackle that - integration and user interface primarily.

Oh, ok I misread the original post. Yeah I have had trouble with the browser extensions for 1Password for the last few years, will probably switch to self hosting bitwarden soon.

Re: Bitwarden raises $100M

#454

Post by ryandrake »

saghm wrote: post #439
opan wrote: post #436

Earlier quoted context omitted.

KeePassXC & KeePassDX + Syncthing is also pretty simple.

I actually used to use KeePassXC and have my (encrypted) password file sync'd through Dropbox, but their Android client changed to no support a way to have the file stored offline but also automatically sync changes, so I ended up swapping to Bitwarden. In the past I had used Nextcloud instead of Dropbox, so that would probably be one of my first ideas if I did end up deciding to stop using bitwarden.

Any reason not to use Password Safe[1]? It seems to do it all and doesn't require you to trust some Move Fast And Break Things startup's online service.

1: https://pwsafe.org

Re: Bitwarden raises $100M

#455

Post by linsomniac »

scarface74 wrote: post #91
linsomniac wrote: post #78

Earlier quoted context omitted.

I don't understand, how is their business model not profitable? Their business model is, as I understand it, paid subscriptions.

Their business model is not profitable by definition if they are spending more money than they are bringing in requiring outside funding.

I can see what you mean, but another way of looking at it is: Most investments are done with the expectation of it being worth more down the line, so someone(s) thinks there are a hundred million reasons why it is a profitable business. :-)

But maybe "are they profitable" is the wrong question. I remember 5 years ago my brother in law said "Tesla isn't profitable" and I countered with "They don't want to be profitable right now, they are growing an inventory and investing heavily in that. Showing a profit is the last thing they want to do." He seemed to be accept that answer, I mean now he has 2 Teslas. :-)

Re: Bitwarden raises $100M

#456

Post by phpisthebest »

scarface74 wrote: post #88
phpisthebest wrote: post #68

Earlier quoted context omitted.

Given the number of businesses out there doing it I would venture to guess you are wrong. Also Bitwarden and other password managers are not just about storing the passwords. For example on a personal level I use bitwarden family to manage my Parents passwords and to assist them with issue on various service, this gives me away to setup accounts and securely share passwords with them for the services, and vice versa…

Why are large businesses “sharing passwords” between users? What happens when one user leaves? Isn’t sharing a password in a business context like “Things you shouldn’t do” 101?

Lots of things would not have individual passwords,

Including

1. Hardware Passwords

2. BreakGlass Accounts (used if SSO Fails)

3. Vendor Passwords

4. Recovery Passwords

5. Local Admin Passwords for Servers

We also use it to store Backup Encryption Keys, VPN Tunnel Keys, SSL Cert Passwords, File Encryption Passwords, License Keys, etc etc etc

We also have our own Personal Vaults that are indivualized, so we can access both our Personal Passwords and Company passwords in one interface, that is Cross OS, Cross Browser, and has API for programming interfaces.

none of which is possible with BrowserBased or OS Based Password Storage.

Re: Bitwarden raises $100M

#457

Post by noirbot »

GekkePrutser wrote: post #243
noirbot wrote: post #172

Earlier quoted context omitted.

When 10/year is often less than .01% of even a junior developer's salary with benefits, then yea, that does kinda mean we can't have nice things, if nice things require a few devs to implement. We've all gotten so used to getting things where the VC discount was already fully priced in over the last decade that we're deeply conditioned to expect everything to be sold at VC subsidized prices, which it turns out isn't…

Well, the thing is, we have nice things now. I don't think most bitwarden users are screaming for new features. Simply continuing as they are with current staffing would be preferable to risking the farm with a big new product. And the kind of user that picks bitwarden over LastPass or 1Password is not the kind that needs a ton of support.

I guess the question is if they felt like they could continue with their current staffing. Obviously this is a really big funding round, so they clearly decided to aim for more than the status quo, but I've seen plenty of projects where it was many dev's side project, or it was a small number of full-time dev's work, but they were getting burned out and overworked trying to provide the service.

It just always feels too easy to assume that it was sustainable to run/maintain some minimally priced service. Perhaps they realized they needed more developers to have a healthy relationship with their job, and instead of raising the price to $30/year or more to match the new costs, they decided to shoot for the moon.

I'm certainly not trying to say that it's obvious that they're making the right call by taking this investment, or that this won't all fall apart. It's just also important to not assume that the status quo for them was something they could keep going on for the next 3 years.

Re: Bitwarden raises $100M

#458

Post by StevePerkins »

mgkimsal wrote: post #418
StevePerkins wrote: post #410

Earlier quoted context omitted.

> Should I ever bother with a Compaq.. I don’t know guys, should we tell him?

Acquired by HP? I've been out of that world for a while, and I still see the compaq name now and then, but it looks like it's more of just a name licensing deal now?

Compaq hasn't existed in any meaningful sense in 10-15 years. HP formally retired the brand in the early 2010's, although it had all but faded away several years prior to that.

Re: Bitwarden raises $100M

#459

Post by dieselgate »

bborud wrote: post #152

I 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…

Dang changing a password manager seems like a nightmare. I use pen and paper which, given the trade offs, makes the most sense for me
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