this post was submitted on 04 Jul 2025
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Private ownership capitalism.
Stock owners want line to go up forever. Hence we get sociopath CEO's who want to sell DLC for different types of breathing. Private ownership means Gabe can say, "We're making good money, no need to nickle and dime." and focus on product.
This! The idea of "shareholder value" as the ultimate and singular goal was a mistake, as the world and particularly the US is slowly finding out.
Valve is very much a profit focused company. The difference is that they're able to look beyond the next quarterly results and take a more long term view.
Well yes, but that's the difference between profit focused and growth focused
Being profit focused without being growth focused is very much a unique position compared to other market leaders in tech