this post was submitted on 27 Sep 2024
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You are dropping the context to that claim, he was comparing it to other companies.
The only way this is marginally correct is if he is comparing to the money needed to create an AAA title. And in the end the company making the AAA title will have the cost operation to host/distribute and have all the others features Valve offers if they decide to do it in their own storefront.
Also look how much of their "development costs" are actually marketing budget. They fully recognize that increasing sales is worth paying heavily for, and steam increases sales by meaningfully more than you're paying them (which is why every AAA publisher who experiments with leaving comes back).