There was an article about a year ago posted to Reddit about how Gabe owns 6 yachts worth $1B. I called him out in the comments and got flamed by every gamer on the platform. It’s crazy the mental gymnastics these simps do to defend others living like Gods.
We are so used to billionaires being obnoxious assholes that one that isn’t obnoxious about their billions feels like one of the good ones, I guess.
He made his money (like any other billionaire) by overcharging and underpaying. He wastes his money on useless bullshit like any other billionaire. But he’s not obnoxious about it, which causes people to just ignore the part about billionaires that’s actually bad (the way they became billionaires).
I agree mostly, but Valve employees are reportedly paid an incredible amount of money compared to the market average, so underpaying would probably only refer to the hefty (but industry standard) 30% cut of game sales they take from game publishers.
I’ve been told over and over again that Valve needs that 30% and they can’t possibly do all that they do with a lower margin. Clearly hosting some files, hosting a forum, processing payments, etc is about ONE THIRD of all the talent and effort that goes into creating a game.
Lol yep they’re an extremely wealthy company with that 30%. But it seems like almost every other storefront operates under those margins for digital sales (not just in gaming).
I do value the cloud saves, I think those would actually add up a bit for their storage requirements as well as hosting all of the game files in presumably many locations globally.
15%, they’d still be a multibillion dollar company
True that text is small files, but some Skyrim saves are easily in the dozens of MB for example. I’m sure you multiply that by millions and it adds up. Surely them needing to store many copies of the game files themselves is a larger file size footprint for them though.
I think the underpaying would be not having nearly as many employees as similar sized companies. They could have several divisions producing games while also developing their hardware and software. He has been happy to make changes at a slower pace while their store keeps taking large cuts of each sale.
I suppose so, but maybe they don’t want to grow too large. Microsoft absolutely devouring studios the last few years has not produced any truly great games. Valve clearly know how to make a good game still, when they want to.
More developers doesn’t always means faster shipping of products, but it can lead to disconnected and soulless releases.
Valve only release something new when it makes sense to or they have an innovation that means it makes sense to.
They don’t really work at a slow pace in my opinion, it’s just you may not always see constant changes in one part of their products all the time because of how the engineers work (freedom to work on whatever).
Probably for the best they aren’t hiring thousands of people to pump out random stuff that is only there to make money. They make stuff that makes sense.
He charged less than others and pays better than others.
Valve also can’t take much of a lower cut on game sales because their current cut is the market average and valve would get in legal trouble for monopoly practices and unfair competition because they’re already so much more popular than the few competitors they have. What Gabe could do is give money away and be like alteuistic.
How come Epic can charge 12% then?
I believe there was some thresholds at some numbers of sales also even for steam? Like if you sold a million you pay 20% or something?
once you hit $100M, you have enough to never work again. you could spend the rest of your living days spending time in a community making sure everyone there is fed, housed, and safe.
even just maintaining your personal status quo of working the way you did to get into 9 figures is inherently supportive of the global system of torture all of us are forced to live in. while i agree gabe newell, jay-z, and taylor swift shouldn’t be the main focus of our ire, i find the degree of worship they receive confusing.
Depending on where one lives and how lavish they want to live, 1mil USD at 4% interest is enough to make a life on.
That’s what my financial advisor tells me and I think it’s more than reasonable.
Yeah, it’s like $5. The 4% rule puts this at $200k, and even a very conservative 2% is $100k. That’s more than the median household income, and you get that for doing nothing.
My personal number is more like $2M, which is $40-80k. Assuming my house is paid off, that’s enough for me to be generous while not worrying about basic needs.
There was an article about a year ago posted to Reddit about how Gabe owns 6 yachts worth $1B. I called him out in the comments and got flamed by every gamer on the platform. It’s crazy the mental gymnastics these simps do to defend others living like Gods.
We are so used to billionaires being obnoxious assholes that one that isn’t obnoxious about their billions feels like one of the good ones, I guess.
He made his money (like any other billionaire) by overcharging and underpaying. He wastes his money on useless bullshit like any other billionaire. But he’s not obnoxious about it, which causes people to just ignore the part about billionaires that’s actually bad (the way they became billionaires).
I agree mostly, but Valve employees are reportedly paid an incredible amount of money compared to the market average, so underpaying would probably only refer to the hefty (but industry standard) 30% cut of game sales they take from game publishers.
I’ve been told over and over again that Valve needs that 30% and they can’t possibly do all that they do with a lower margin. Clearly hosting some files, hosting a forum, processing payments, etc is about ONE THIRD of all the talent and effort that goes into creating a game.
Lol yep they’re an extremely wealthy company with that 30%. But it seems like almost every other storefront operates under those margins for digital sales (not just in gaming). I do value the cloud saves, I think those would actually add up a bit for their storage requirements as well as hosting all of the game files in presumably many locations globally.
15%, they’d still be a multibillion dollar company
Epic only takes 12%, and they too have cloud saves.
If they could take 15% while being a multibillion dollar company, then taking 30% is by definition overcharging.
And that many others also overcharge doesn’t change that fact.
I’m not disagreeing. Epic’s 12% would still be hugely profitable for Valve.
I bet I, myself, with my current hardware could store ALL of the cloud save files with redundancy.
Save files are usually some type of text. All of the text on Wikipedia comes out to about 24 GB.
What are you betting? Paradox save files even compressed are quite large.
True that text is small files, but some Skyrim saves are easily in the dozens of MB for example. I’m sure you multiply that by millions and it adds up. Surely them needing to store many copies of the game files themselves is a larger file size footprint for them though.
I think the underpaying would be not having nearly as many employees as similar sized companies. They could have several divisions producing games while also developing their hardware and software. He has been happy to make changes at a slower pace while their store keeps taking large cuts of each sale.
I suppose so, but maybe they don’t want to grow too large. Microsoft absolutely devouring studios the last few years has not produced any truly great games. Valve clearly know how to make a good game still, when they want to.
More developers doesn’t always means faster shipping of products, but it can lead to disconnected and soulless releases.
Valve only release something new when it makes sense to or they have an innovation that means it makes sense to.
They don’t really work at a slow pace in my opinion, it’s just you may not always see constant changes in one part of their products all the time because of how the engineers work (freedom to work on whatever).
Probably for the best they aren’t hiring thousands of people to pump out random stuff that is only there to make money. They make stuff that makes sense.
He charged less than others and pays better than others.
Valve also can’t take much of a lower cut on game sales because their current cut is the market average and valve would get in legal trouble for monopoly practices and unfair competition because they’re already so much more popular than the few competitors they have. What Gabe could do is give money away and be like alteuistic.
How come Epic can charge 12% then? I believe there was some thresholds at some numbers of sales also even for steam? Like if you sold a million you pay 20% or something?
once you hit $100M, you have enough to never work again. you could spend the rest of your living days spending time in a community making sure everyone there is fed, housed, and safe.
even just maintaining your personal status quo of working the way you did to get into 9 figures is inherently supportive of the global system of torture all of us are forced to live in. while i agree gabe newell, jay-z, and taylor swift shouldn’t be the main focus of our ire, i find the degree of worship they receive confusing.
I think the line to never have to work again is pretty far under $100mil
for sure. i just wanted to hit a number that someone couldn’t at all be doubted for “i could retire at 18”
Depending on where one lives and how lavish they want to live, 1mil USD at 4% interest is enough to make a life on. That’s what my financial advisor tells me and I think it’s more than reasonable.
Yes, but I think inflation quickly makes that a pretty low number.
Yeah, it’s like $5. The 4% rule puts this at $200k, and even a very conservative 2% is $100k. That’s more than the median household income, and you get that for doing nothing.
My personal number is more like $2M, which is $40-80k. Assuming my house is paid off, that’s enough for me to be generous while not worrying about basic needs.
G*mers are fucking troglodytes.