Rant: Valve's new Steam Deck screws speak volumes about their ethos.
In case you're out of the loop, the old Steam Deck had Philips screws that screwed into self-tapping plastic holes. This lead to occasional stripped threads and often stripped screwheads.
Valve absolutely did not have to change their screws, and its probably actually against their best interests. While other companies around the world are constantly in search of new ways to screw their own consumers, Valve goes out of their way to update their screws to make them easier to install/remove by changing to torx screws and added metal threads in the backplate. Those who know anything about mechanical engineering know this is not an insignificant amount of effort they put into it.
This is a small change that makes a huge impact, and speaks volumes about the ethos of the company. It says:
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We want to make our devices last longer, and be easier to repair.
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If you want to buy the cheaper tier and save yourself a few bucks by installing whatever SSD you want, go right ahead.
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We trust you to make decisions for yourself.
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Most importantly, we respect you, the consumer, and want you to fully own and control the devices we sell.
Valve is by no means perfect, and there's plenty more they could be doing, but they've earned my respect and my patronage and I won't buy games from anywhere else. I will buy whatever future products they sell, even if I don't think I'll use them regularly.
One of the benefits of not going public, I guess
But it only works as long as the replacement for Gabe Newell has the exact same ethos about the business. Changing hands always risks changing how things function at a company. Unless Newell has been practically grooming a successor for years, it's very likely that a replacement will want to "shake things up."
When Newell retires/passes, things will change. Time will tell if it will be for the better or the worse.
Supposedly he's doing this with his son. Only time will tell though.
Great, the Kendall Roy of Valve
Not exactly. Of course Gabe could be replaced by some idiot who fucks everything up, but if Valve doesn't become publicly traded it will continue to be in the best interest of whoever ends up owning it to continue doing things this way. Gabe doesn't do good things just because. He does it because happy customers means more money in the long run.
Publicly traded companies on the other hand need to extract as much money as quickly as possible and have no regards to what will happen to it a few months later. So even if Gabe dies, all Valve needs is a leader interested in what's best for itself.
How much time do we have?
Well he's 61, and the average life expectancy for males in the US is 73ish. He is well-to-do, so he likely has better access to healthcare than most, meaning he will be one of those who lives past 73. I'd suspect we have twenty years at best, but more likely about 10 years if he retires at a "reasonable" age.
Unfortunately gabe is also overweight and hence has the health risks associated with being overweight. So him only living till the average age has a higher possibility.
Private companies owned by institutional investors are no better.
The real difference is the the founder still own the company.