Earlier quoted context omitted.
Also Bitwarden recently raised 100M from VC so yeah, the clock is ticking now.
Ah for fuck's sake. It keeps happening to all the software I love. I guess I'll have to stop relying on convenience (I was a 1Password user years ago) and go 100% open-source. None of the libre offerings seem to be as convenient and polished, but at least they're not into some VC's pocket ready to squeeze as much profit as possible out of my paid membership. What's a good OSS alternative that works with iOS and Linux…
As a thought experiment, let's say there are 1000 people who get annoyed when a software product they use takes VC funding. For those 1000 people to sustain a software product with a team of 5 for 10 years at 150k average per head. you'd need 7.5MM dollars just to break even. That's $7,500 per user, or $750 per year. I doubt many people would be willing to pay that just to have a product that never takes VC funding.
And note that's just to cover labor costs. If you want it audited, that's a solid 25k per audit. Operating costs for website and infrastructure, etc. Now if the product was exceptional and beat out other products in the space and generally had a slice of the pie, the number of users would increase and per user cost would decrease. But also doing as much with a team of 5 is no small feat.