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Comment by michaelmior | Hacker News Reader

> Why would a password manager need so much money?

The announcement suggests they are looking to also launch their own authentication service and tools for managing application secrets.

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How did I have to scroll this far down to find someone who's actually read the post? Everybody seems to think the money is purely for expanding the password manager, while in the post they call out adjacent markets they want to expand to.

I'm cautiously optimistic that this could mean we won't see the end of Bitwarden, as those are areas where companies will pay big money.

>How did I have to scroll this far down to find someone who's actually read the post?

Welcome to Hacker News

Welcome to the internet at large.

And by extension the world. For every person who reads a story, 10 more just look at the headline and absorb it subconsciously.

It's not that people didn't read the statement, it's that people have learned not to trust statements like this. Ask all Heroku's customers who were just fired by Salesforce to focus on their enterprise offering for example.

I’m pretty sure it’s still because people didn’t read the statement, lol

¿Por qué no los dos?

It's because we're all still in the middle of getting burned by 1Password spending millions to make our app run worse and do less.

I almost switched to bitwarden last week, now glad I didn't, but the problem still remains of wanting to find a password manager that isn't crap.

That perfectly describes the 1password situation.

Wait, I'm just about to switch my entire family from LastPass to 1Password because of the latest LastPass hack. Should I be wary?

If you're new to 1Password, you may enjoy their service because you won't have the memory/experience of the things that were taken away or "how it used to be."

Now, as for whether one should worry because the company screwed their existing customers once already ... that's personal risk tolerance, I guess

My opinion is that 1Password is the best product out there for the majority of users, because they're pretty good about documenting their formats, have a very good export story, their customer service is mostly good, it's a reasonable price, and their UX absolutely spanks Bitwarden up one side and down the other

But, if a few years from now they rip the ssh-agent out of their Electron apps citing some "well, we decided" reason, or they ban 3rd party clients from using their API because "of sekurity," then no one should be surprised that the scorpion stung them

The road to terrible software is paved with companies trying to expand to “adjacent markets”.

Greed kills like speed kills. It’s all very fun and exciting until you crash.

Not limited to software even, plenty of examples of companies chasing larger valuations by taking on stuff outside their core competency

Can I interest you in a Metaverse?

Now one hour later, the post is at the top! It probably just needed time : )

Welcome to HN/Reddit. Most threads have people commenting without reading the article at all (or very briefly skimming). More or less just reacting to the headline.

And according to HN guidelines, we aren't supposed to comment on if someone has read the article or not. Stellar.

Given apple's push for passwordless web in collaboration w/ Google and M$ [1], I was worried that BW will go out of business, but they have plans for this and I hope they succeed.

[1] https://www.apple.com/newsroom/2022/05/apple-google-and-micr...

Compete with Okta, essentially

I would love for Bitwarden to use this money to make SSO available to all pricing levels. Currently, in order to use SSO with Bitwarden you have to be on their "Enterprise" plan. I think SSO is too important to gate behind a paywall, especially for a company whose main product is security.

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