Honestly, the secret is not being a publicly traded company. All the others have to make the shareholders happy while steam just does steam. If the line doesn’t have to constantly go up you can pretty much do whatever you want as long as you’re still making profit. And if what you’re doing is already working you don’t need to add gimmicks or advertisements to milk it as much as you can just to appease the shareholders.
Being a private company has allowed Valve to take some really big swings. Steam Deck is paying off handsomely, but it came after the relative failure of the Steam Controller, Steam Link and Steam Machines. With their software business stable, they can allow themselves to take big risks on the hardware side, learn what does and doesn’t work, then try again. At a publically traded company, CEO Gabe Newell probably gets forced out long before they get to the Steam Deck.
Man Intel are so dumb for firing Pat. And they did it while seeing positive reviews for their second gen GPUs!
That’s just what happens to CEOs of publicly traded companies when they have a bad year. And Intel had a really bad year in 2024. I’m certainly hoping that their GPUs become serious competition for AMD and Nvidia, because consumers win when there’s robust competition. I don’t think Pat’s ousting had anything to do with GPUs though. The vast majority of Intel’s revenue comes from CPU sales and the news there was mostly bad in 2024. The Arrow Lake launch was mostly a flop, there were all sorts of revelations about overvolting and corrosion issues in Raptor Lake (13th and 14th gen Intel Core) CPUs, broadly speaking Intel is getting spanked by AMD in the enthusiast market and AMD has also just recently taken the lead in datacenter CPU sales. Intel maintains a strong lead in corporate desktop and laptop sales, but the overall trend for their CPU business is quite negative.
One of Intel’s historical strength was their vertical integration, they designed and manufactured the CPUs. However Intel lost the tech lead to TSMC quite a while ago. One of Pat’s big early announcements was “IDM 2.0” (“Integrated Device Manufacturing 2.0”), which was supposed to address those problems and beef up Intel’s ability to keep pace with TSMC. It suffered a lot of delays, and Intel had to outsource all Arrow Lake manufacturing to TSMC in an effort to keep pace with AMD. I’d argue that’s the main reason Pat got turfed. He took a big swing to get Intel’s integrated design and manufacturing strategy back on track, and for the most part did not succeed.
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Does nothing? DOES NOTHING?! He spent the last few years ripping Microsoft a new a@@hole, rendering their operating system meaningless for gamers! …but nice meme
Fun fact many don’t know, Gabe helped create the first versions of Windows and claims he learned more at Microsoft than he ever did elsewhere (at the time). So in a way, he’s transcended Windows, vs ripping it apart.
Gaben has done lots of awesome shit. I fear what valve will become when he’s gone.
I’m not actually too worried. He surrounds himself with champions.
they’ll fuck shit up. Look what happened to apple after Steve died.
So. Many. Dongles.
you know they developed the iPod touch in secrete because they feared that if Steve saw the ugly prototype, he’d shitcan the project?
And where’s the iPod now, eh?
In the iPhone?
‘Not sucking’
Guy owns how many yachts? I think Gabe sucks personally.
Eh. He’s a human being. I hadn’t heard about his fleet.
https://luxurylaunches.com/transport/gabe-newell-luxury-yachts.php
It seems nearly impossible for a person to be billionaire loaded and not make some irresponsible purchases. Is there anyone with that kind of money we should be highlighting as a role model instead?
I’m of the opinion that billionaire is a pathology personally.
the idea of earning billions of dollars is a fallacy, it requires an amount exploitation plain and simple. Steam has a great product that works really well. But they also are basically the seed crystal for a whole ecosystem of gambling with the CS loot boxes that preys on addicts and children.
Just my two cents but as others have said, not being publically traded helps a lot. The focus on short term benefits that come with shareholders stops “master plans” when they come with mistakes. Learning from relative failures, like the steam controller and the like, ultimately contributes to major successes like the steam deck. Being able to stay committed to improving the software experience over time, instead of killing the product when it didn’t immediately succeed, is fairly rare in the tech industry. And in all honesty, it would be better if they released a polished profuct, but being committed to it made it a success.
I feel like the pressure to have a majorly successful product day one means that smaller companies can’t innovate the way they want to, so they have to find other ways to produce revenue. Huge companies, like Apple can afford to do both but still stumble, like with the vision pro. Maybe it’ll be a success, but for now its not great and iteration makes it more difficult to maintain the original vision.
You know sometimes I actually straight up FORGET that Steam is run by the same company that created Half-Life?
They:
- identified a gradient of human wants
(Video games exist; I want them on my computer) - Created a vector for that want to be satisfied
(Digital distribution that conveys the games I want to my computer) - Stayed the FUCK OUT OF THE WAY
When you do something well, people don’t notice you’ve done anything at all.
- identified a gradient of human wants
Private company with long-term strategy VS public company chasing short-term profits to pump stock prices for shareholders.
That’s the primary reason I abhor the stock market. It no longer works for the creator/owner or the customers at all. It simply feeds the greed of the wealthy (special call-out to private equity here).
I can’t really get my head around why people dislike Gabe Newell. As best I can tell, he’s been a fantastic steward for Steam.
