this post was submitted on 17 Oct 2023
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Valve doesn't sell ad space on Steam so it can make room for surprise hits: 'We don't think Steam should be pay-to-win' (www.pcgamer.com)
submitted 1 year ago by nanoUFO@sh.itjust.works to c/games@sh.itjust.works
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[–] withabeard@sh.itjust.works 10 points 1 year ago (2 children)

Going public would mean gaben has sold out. Which would make sense for him at some point. If he's still working there he'll be stuck with the worst of both worlds.

Whoever comes in under him will want to make their pie and ready it too.

[–] Belgdore@lemm.ee 26 points 1 year ago (1 children)

There’s no point in selling out when you make money hand over fist. All going public would do is make him lose total control of his company.

[–] MysticKetchup@lemmy.world 5 points 1 year ago (1 children)

Not everyone is interested in total control. If Gaben decides he wants to retire on an even bigger pile of money or if his successor wants to cash in quick they could easily go public and reap a massive amount since Valve shares are sure to be high. I think the former is less likely than the latter, but Gabe is getting to retirement age, I expect to hear about a successor in the next 10-20 years

[–] TonyTonyChopper@mander.xyz 6 points 1 year ago* (last edited 1 year ago) (1 children)

pretty sure he is already unimaginably rich

worth 4.3 Billion as of latest

[–] MysticKetchup@lemmy.world 4 points 1 year ago

A lot of people are unimaginably rich, but that doesn't stop them from coveting more wealth. Gaben seems to be happy where he is, thus why I think it's less likely he sells out than a successor takes over and sells out instead

[–] lud@lemm.ee 7 points 1 year ago

Or died.