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LogMeIn Acquired by Private Equity

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Re: LogMeIn Acquired by Private Equity

#201

Post by [deleted] »

MuricaFYeah wrote: post #188
greggman2 wrote: post #91

I don't understand how HN can complain about Google sucking up data and rarely if ever mention LassPass's terms of service which basically flat out state they share your info to marketers. Effectively they appear to be making money by looking at all the sites you log into via LassPass. If you're using their browser plugin I can only guess, given their Terms of Service, that they're spying on all pages, not just pages…

> Why would anyone want a password manager with this privacy policy? Why would anyone want a cloud based, proprietary, non-free, non-oss password manager is what I really want to know.

[deleted]

Re: LogMeIn Acquired by Private Equity

#202

Post by thekingofh »

MuricaFYeah wrote: post #188
greggman2 wrote: post #91

I don't understand how HN can complain about Google sucking up data and rarely if ever mention LassPass's terms of service which basically flat out state they share your info to marketers. Effectively they appear to be making money by looking at all the sites you log into via LassPass. If you're using their browser plugin I can only guess, given their Terms of Service, that they're spying on all pages, not just pages…

> Why would anyone want a password manager with this privacy policy? Why would anyone want a cloud based, proprietary, non-free, non-oss password manager is what I really want to know.

Because there's not a replacement that syncs well and is easy to teach your non-techie parents/spouse how to use to log into their shared accounts.

Re: LogMeIn Acquired by Private Equity

#203

Post by jacquesm »

AznHisoka wrote: post #199
jacquesm wrote: post #41

Earlier quoted context omitted.

A 4.3 billion USD valuation at exit is not all bad news I'd say. Better a deal at 4.3 billion than none at 5.5. I'd be laughing all the way to the bank with an exit like that and not worry too much about what could have been.

LogMeIn is a public company. Almost 90% of anyone who bought shares between mid-2016 and early 2019 probably saw a negative return from this because $86/share is still below the price it was at during that time. If this was a private company/startup, of course you'd be laughing all the way to the bank. Not so if you were a public investor in LogMeIn. Far from it.

I was mostly thinking from the perspective of a founder, not from a public investor.

Re: LogMeIn Acquired by Private Equity

#204

Post by aguyfromnb »

gravitas wrote: post #51
lifty wrote: post #7

Bitwarden is a nice alternative. And you can self-host the server part if you want. edit: LastPass is owned by LogMeIn, that's why I mention this alternative.

I'm a +1 on BitWarden, I moved over pretty early on (paid account is only $10/yr) due to their fantastic migration page telling me point blank "LastPass may screw up special characters exporting your data" and lo and behold, my initial export had a bunch of HTML entities injected just like they said. That disclosure/warning sold me right then and there: https://help.bitwarden.com/article/import-from-lastpass/

>moved over pretty early on (paid account is only $10/yr)

LastPass started as $1/month, which I thought was a great deal. I started using it in 2011, and never really paid attention to the fee.

Then, it got bought by LogMeIn, and in 2017 they upped the price to $2/month. Last year they upped it to $3/month ($39..that's when I noticed the charge). That's right: for 6 years it was one price, which tripled in 2 years without any enhancements as far as I could tell.

Needless to say, this will be my last year with their product. I'm using KeePass2 locally on my devices, and it seems to do what I need.

Re: LogMeIn Acquired by Private Equity

#205

Post by CharlesColeman »

MuricaFYeah wrote: post #188
greggman2 wrote: post #91

I don't understand how HN can complain about Google sucking up data and rarely if ever mention LassPass's terms of service which basically flat out state they share your info to marketers. Effectively they appear to be making money by looking at all the sites you log into via LassPass. If you're using their browser plugin I can only guess, given their Terms of Service, that they're spying on all pages, not just pages…

> Why would anyone want a password manager with this privacy policy? Why would anyone want a cloud based, proprietary, non-free, non-oss password manager is what I really want to know.

> Why would anyone want a cloud based, proprietary, non-free, non-oss password manager is what I really want to know.

Former reputation and inertia. I use it, and when I started it seemed to have the best reputation for ease of use. I also recall that its security model was publicly endorsed by quite a few people who looked at it closely. I only use it for "less important" sites, which basically means everything that isn't a primary email account or an investment website. For those, I use 2FA whenever possible and memorize random passwords [1].

I've been interested in switching since LastPass was bought by LogMeIn, but it's never been a high enough priority for me to actually spend the time to search for another tool.

[1] when memorization gets to be too much, I split the passwords in half: a common half I memorize, and a unique half I write down on paper.

Re: LogMeIn Acquired by Private Equity

#208

Post by phonon »

choward wrote: post #200
phonon wrote: post #175

Earlier quoted context omitted.

They primarily sell backup software, and they show the occasional ad to you in the app.

If the business model for a piece of software is ads I will not be using that software.

It's ads for their own products, not third party ads. (It's a little sidebar you can close).

Anyway, no one is forcing you to use it, but it seems a reasonable free choice for now (teamviewer and splashtop, for example, don't allow free commercial use...and commercial means connecting to your own work laptop, not just using it directly for money making activities like paid support.)

Re: LogMeIn Acquired by Private Equity

#209

Post by munchbunny »

wongarsu wrote: post #128
atomwaffel wrote: post #15

Earlier quoted context omitted.

They did however take $200 million in VC funding in November: https://blog.1password.com/accel-partnership/

According to Accel that was more about the contacts offered by Accel, with a nice side effect of getting lots of news coverage for a $200 million series A.

I am skeptical that one takes $200 million and it's still more about the contacts. After you've gotten the contacts, there's still a $200 million elephant in the room.

Re: LogMeIn Acquired by Private Equity

#210

Post by nonane »

0000011111 wrote: post #194
raintrees wrote: post #115

Earlier quoted context omitted.

I agree. I have around 500 computers under management, finally left them for Teamviewer after LMI's price tripled and their features halved (or worse). I ran it mostly from Linux, which they seemed to be withdrawing support for.

I wish Teamviewer has a small business pricing model. I love their product. However, I only have ~ 70 clients I need to support at a 501c3 school. Their cost are still too high for us.

Hi. I’m a developer on Jump Desktop. If you’re interested, we have a similar product with no computer limits and it’s very reasonably priced ($9/user/month): https://jumpdesktop.com/#teams .
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