Comment by groby_b
2 days ago
The difference is that PE firms own firms as investment vehicles, while Valve is owned by people who see making games as their calling.
No, I don't think Gabe's averse to the nice checks, but he is in a business he deeply cares about on an emotional level. He doesn't just want to milk it to the last drop, he wants to leave his mark on gaming.
Passion matters.
But does he have a plan for when he retires?
Is it good enough or should we be monitoring his health and hoard torrents of our steam collection just in case?
This is the problem of governance by “the good king”, and no, there isn’t a clear succession plan, so things will probably get worse in a post-gaben world