this post was submitted on 17 Oct 2023
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Google started out the same way. Hopefully this sticks
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.
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.
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.
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
pretty sure he is already unimaginably rich
worth 4.3 Billion as of latest
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
Or died.