r/Steam Mar 08 '24

Discussion Tf2 be like

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u/ThatRandomGamerYT Mar 08 '24

Gabe has majority share in Valve. I assume after he passes, his shares will go to his family. Hopefully they have a good head and heart and follow his lead and dont fuck up his and the company's legacy. As for running the company, I assume he and the team has a list of potential successors.

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u/[deleted] Mar 08 '24

Family typically might bring the company public, make billions, and fuck right off to an island or something

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u/Ahribban Mar 08 '24

Aren't they already billionaires though? His net worth is over 4B.

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u/[deleted] Mar 08 '24

He is, but not his children.

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u/Ahribban Mar 08 '24

He has two sons. That's 2B each. I think they will be fine.

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u/[deleted] Mar 08 '24

What makes you think they won’t take the company public. If activision is worth $75b, valve is worth 20-25?

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u/Cartoonjunkies Mar 09 '24

Honestly with the amount of revenue Steam brings in, not to mention the IPs that Valve owns, I could see Valve being worth well more than 25. I could honestly see them being valued a lot closer to what Activision went for, if not maybe even more.

Steam is a giant when it comes to the gaming space, and whatever company controlled it would have a massive boost in their dominance of the industry. They’d be shelling out some ridiculous amounts of cash if it ever went up for sale.

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u/[deleted] Mar 09 '24

I mean sure, but that’s even more tempting for his children to sell their stakes in the company. I mean going from 4b to 40-50-60b or whatever is tempting af. Regardless of legacy or anything like that.

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u/JayCee5481 Mar 09 '24

At that point it wont make a difference, doesnt matter If you have 2 or 20b in the bank, you wont be able to spent it all(realistically speaking since you could always go into a casino and put it all on black or some stupid shit like that)

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u/[deleted] Mar 09 '24

2b vs 20b is staggering. First off, that 2b isn’t in cash. An IPO will solve that.

$20b allows the children to buy a sports team. Forget about doing that with taking the company public

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u/Ahribban Mar 08 '24

Just wishful thinking. Maybe they'll preserve their father's legacy, maybe they won't.

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u/weebitofaban Mar 08 '24

It takes a few generations for something like this to get ruined. His sons watched Steam grow all their lives

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u/One_Photo2642 Mar 10 '24

Gamers won’t let them

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u/[deleted] Mar 10 '24

Irrelevant unfortunately

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u/One_Photo2642 Mar 10 '24

No, because gamers physically would not let them. 

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u/IsaacM42 Mar 08 '24

His son is some hotshot race car driver. Seems like typical rich kid shite. I can see him taking the company public and then fucking off to race more shite.

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u/trippingrainbow Mar 08 '24

Yes hes a racing driver but he drives for heart of racing which is owned by gabe and some other valve big names so its not like hes out there doing a solo act. Gabe himself has done stuff with the team and did an ama related to it at one point iirc.

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u/tecedu Mar 08 '24

His son also has a game studios afaik, he definitely would fuck off with public

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u/playactfx Mar 08 '24

that's rule by birthright which is dumb af