I know it's hip to be cynical and all, but seriously. Even if he were so motivated by money, could anyone even put together a payout that'd be better than "continue to watch the Steam Store print money, beholden to no one because Valve is a privately-held company held by you"?
I mean, thats many of the comments about this news, despite Epic/Tencent historally ringing true to their words.
>could anyone even put together a payout that'd be better than "continue to watch the Steam Store print money, beholden to no one because Valve is a privately-held company held by you"?
Sure. It's just a middleman storefront, and there are trillionaire tech companies right now (and more in the future). Maybe Gabe leverages Valve and jumps to a whole other industry when he tires of games. Maybe he just sells it all off and turns that into assets to will off (better than giving family a company they can't manage).
Nothing is certain and much larger internet darlings have been turned agaisnt faster.
I can't meaningfully reply to this because I don't understand your misspelled malapropism (words ring true, not their speakers). You seem to be suggesting that Epic/Tencent tell the truth, which historically I see isn't true (Linux support, Rocket League, etc), so I must be misunderstanding you.
>It's just a middleman storefront, and there are trillionaire tech companies right now
I think you misunderstand Valve, which is currently in the process of releasing a revolutionary console/handheld PC, and its profit margins, which might be healthier than you anticipate.
>Maybe Gabe leverages Valve and jumps to a whole other industry when he tires of games. Maybe he just sells it all off and turns that into assets to will off (better than giving family a company they can't manage). Nothing is certain and much larger internet darlings have been turned agaisnt faster
Moreover, I think you misunderstand Newell himself. Steam Machines, Proton itself, and now the Steam Deck suggest a dedication to pro-consumer practices generally and videogames specifically that don't really map well to the typical bloodless VC calculus that you're trying to understand this situation with.
Newell isn't the ageing rocker, smarting over the unfairness of the contract, he's the old-school cigar-chomping record executive, deigning to allow others to enrich him with their art. If he wants more money, he's just got to wait around for a bit. It'll arrive presently.
