Comment by msy
The real secret sauce is that Valve is private and doesn't have external investors. As soon as you're owners are primarily interested in short term capital extraction everything else is inevitable.
The real secret sauce is that Valve is private and doesn't have external investors. As soon as you're owners are primarily interested in short term capital extraction everything else is inevitable.
yeah this is essentially everything and all this other discussion of corporate structure is irrelevant
I think you are correct here. If you want to look at the decline of the US ... this is perhaps a good place to start. Short term capital extraction little long term strategic planning. Maybe Cisco is a good example.. lets move all of our switch hardware production to China and still charge the consumer 3500$ per switch. Equals short term gain, makes lots of millinaires... and then just a few years later.. now Huawei makes excellent switches that are mostly on par with Cisco at a better price point.