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It depends. If the point of the VC money is to go after enterprise customers and to expand into other enterprisey software security products, then $100M seems
by bradfa 3y ago
It depends. If the point of the VC money is to go after enterprise customers and to expand into other enterprisey software security products, then $100M seems reasonable to me, especially for the time when the investment happened. The VC market seems to have cooled quite a bit from when Bitwarden took that investment, so times change and maybe they were just striking while the iron was hot?
The $10/year individual plan wouldn't warrant $100M investment. But going after big companies who are going to commit to $X/year/employee or similar kinds of pricing packages might, especially if Bitwarden integrates with existing corporate directory systems and such for delegating and managing accounts.