Realistically how does this end though? Unless technology is created to immortalize Gabe in a machine, at some point he presumably will want to sell or die.
Does it just become a bozo filled public-company at that point, chasing quarterly numbers? I think it's the biggest risk to Valve, speaking as a customer who loves their products/services today.
I would not at all be surprised to see it end in a Microsoft acquisition or joint venture of some kind, given their current appetites.
I’m not ruling that out - naming a successor is much the same as selling - ownership still transfers to an entity which at this time is unknown. There’s all manner of odd ball alternative ownership structures in existence that can be considered, but each of them would be still a transfer of ownership.
Passing to “people you really trust” is not an ideal foundation for an entity which has the potential to exist for many decades.
I mean, if Valve was just a deli or a corner store sure. It is very likely one of the most profitable-per-employee companies in the history of the world, and probably in the running for one of the most valuable privately-held companies in the world too. We also know Gabe adores making money, so... I think it to be very unlikely it just gets passed to a kid, but who knows.
Being private, we also don't really know how much of Valve Gabe actually owns - there may be other sizeable stakeholders with a say too.
Does it just become a bozo filled public-company at that point, chasing quarterly numbers? I think it's the biggest risk to Valve, speaking as a customer who loves their products/services today.
I would not at all be surprised to see it end in a Microsoft acquisition or joint venture of some kind, given their current appetites.