this post was submitted on 17 Oct 2023
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The advantage atm is that valves privately owned. The moment they go public, be very wary.
I think it will be fine as long as Gaben is there. I am afraid that after he retires or ascends into Godhood somehow John Riccitiello will get his ass into that seat.
It will never go public - they are making money over fist and have no reason to participate in public capital markets. They also aren't really interested in growing. The trade off is that not everyone will be able to get a job there.
The question is how long that mindset will survive once Gaben leaves. Or dies.
We need to upload him into a GabenOS of sorts. To preserve the Valve mindset, and also for science.
Some neurotoxin and mass murder would be a small price to pay.
To be a little more serious, I think there us a lot less risk that anything could happen. It is too profitable. I think of valve more like a company like Rolex, where they are crazy profitable and can do whatever they want.
No one can predict the future, and someone can always screw it all up with bad management. But I would predict that it is more likely that they would get bought out by Berkshire or something before going public or getting acquired by some VC firm.