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Bitwarden raises $100M

bitwarden.com

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Re: Bitwarden raises $100M

#351

Post by gonehome »

roustem wrote: post #297
selectodude wrote: post #278

Earlier quoted context omitted.

>1Password’s desktop app is much worse than it use to be all while each platforms built in capabilities are getting better. I keep reading this but as a user of 1Password over the past decade or so, the functionality hasn't changed much. I'm confused as to what they're spending all the VC money on because these re-writes haven't done much but in terms of functionality, I think it's best in class. What am I missing?

Thank you for using 1Password! A full rewrite takes a lot of time. We did this twice in the past and it is always painful. We had to do it again this time because the discrepancies between the platforms became ridiculous and we had to fix this. For example, the same search would produce different results on Mac and Windows and Android. We also took time to address some of the pain points that existed in 1Password 7.…

Thanks for sharing some extra context.

I'm a fan (been using it for 10yrs I think?) and think the HN sentiment around it is not representative (it's the only app I'd actually recommend to people and that I trust my family can use).

The family vault features are really great and I was glad to see the browser dropped (I didn't really get why it existed).

I do miss some native features (like the iOS letter column on the right that made it very fast to find something in the list), but generally get that there are tradeoffs to be made.

Thanks!

Re: Bitwarden raises $100M

#352

Post by klooney »

bombcar wrote: post #341
michaelmior wrote: post #334

Earlier 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."

This is the only way it works out, and even those are susceptible to falling years later (Google's "free domain email for life" as an example). The way it works is if the free/small customer cost to maintain is just absolutely minuscule compared to the total costs/revenue.

Any company that promises a service for life is just lying- cost/benefit five years on will always fail, and new managers won't feel bound by the promise

Re: Bitwarden raises $100M

#353

Post by stjohnswarts »

This worries as a Bitwarden customer of several years. The bigger a company gets the worse its treatment of customers gets. It's not 100% true but in my experience it happens most times. I guess I should just write my own probably much less secure password keeping database just for fun as a backup and export my passwords often and keep them more local and unsecured than if it were just in the cloud. I suspect they will end free tier service in the next couple of years as well.

Re: Bitwarden raises $100M

#354

Post by stjohnswarts »

MaKleSoft wrote: post #125

If 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…

Thanks for the recommendation of padloc. I will be checking it out tonight. I really enjoyed my time with Bitwarden, it was quiet and calm and no sudden surprises.

Re: Bitwarden raises $100M

#355

Post by ayewo »

lern_too_spel wrote: post #296

Lots of people worried about Bitwarden. Where are the people worried about PSG? As passkeys gain adoption, fewer people will need a password manager, and PSG is going to have a hard time getting their money back.

Why should anyone be worried about PSG? Deals of this magnitude take months to close, especially considering the amount of money involved, so there's no point worrying about an entity whose raison d'etre is to earn a return from the management of other people's money.

Re: Bitwarden raises $100M

#356

Post by slap_shot »

I shared an office and an apartment with Kyle in 2010 and I have vivid memories of him routinely talking how bad the state of password managers was at that time. I've been a happy customer since 2017. It's been surreal watching the BitWarden team do what they have over the years. Congratulations!

Re: Bitwarden raises $100M

#357

Post by stjohnswarts »

bachmeier wrote: post #344
michaelmior wrote: post #334

Earlier 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."

That just makes it worse. I'm a paying customer right now. VC + focus on business means the consumer stuff dies or gets neglected to the point that it should die. All resources get moved to the high-growth parts of the business once VC enters a company. Bitwarden will not be the first to get VC to change its operating principles.

Yeah I think it means "we're going enterprise, at-home users enjoy your coming time with bitwarden as it may end abruptly" . That's a bit superlative, but I suspect people should be looking for alternatives. Anything has to be better than my old way of adding my own password layer on top of an excel spreadsheet that I came up with while in college a long time ago. Bitwarden syncing was pretty nice and it not trying to turn into some kind of swiss army knife app.

Re: Bitwarden raises $100M

#358

Post by cdata »

MaKleSoft wrote: post #125

If 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…

I don't have a well-formed opinion one way or the other, but it is interesting to me that this comment made it to the top of HN. By contrast, a submission about Tailscale raising the same amount of money had comments that simply sounded exuberant about the implications (https://news.ycombinator.com/item?id=31259950).

Is it just that our anticipation (or foreboding) of the effects of capital infusion is biased by our priors about the company? Or, some other reason?

Re: Bitwarden raises $100M

#359

Post by smw »

eddieroger wrote: post #204
l72 wrote: post #149

Earlier quoted context omitted.

I do the same. I run bitwarden_rs as a docker container on a raspberry pi on my home network. Then use wireguard so I am always connected to my home network. This works great for my family. Simple set up, and I've done 0 maintenance on it.

Have you set your family up with Wireguard as well? Did you do the setup manually or do something else clever to get their devices in your network? I've been spending a lot of time thinking about this, and always end back up at MDM, which is not a terribly desirable ending, but can't necessarily put hands on a device readily for some of them.

tailscale

Re: Bitwarden raises $100M

#360

Post by stjohnswarts »

bombcar wrote: post #341
michaelmior wrote: post #334

Earlier 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."

This is the only way it works out, and even those are susceptible to falling years later (Google's "free domain email for life" as an example). The way it works is if the free/small customer cost to maintain is just absolutely minuscule compared to the total costs/revenue.

I mean in theory it doesn't have to. Someone can run a business privately and run it the way they want and enjoy it. Make great profits, but probably not become a billionaire. VC vultures however will not allow that and they have their own pump and dump agenda.
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