> Try building a password manager that doesn’t sync and let me know how sales go. :)
Well... 1Password arguably doesn't sync (until the cloud stuff). It stores files on disk, dropbox syncs it behind the scenes. Given my backup size vs how often I change it: I honestly wouldn't care if it were one blob that were uploaded / downloaded at once for every change, rather than all the small pieces it does now (I assume this is to speed up sync (by a ton)? It's also a major source of sync conflicts that lose data, since dropbox will store both copies on conflict (minus bugs), so it's a horse apiece).
So it works pretty well, apparently. See also KeePass* and many other local-only password managers which people sync via scripts / dropbox / etc. They're doing fine, though 1P is dramatically better than the competition and I'm plenty happy paying for it.