this post was submitted on 19 Feb 2025
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Valve wins by doing nothing... it's a tale as old as time.
Steam's market share is a huge factor in why their competition never succeeds, but it's hardly the only reason. Steam is a whole platform, not just a launcher or storefront. And they're also cognizant that the consumers are not just a revenue source to be milked, but actually long-term customers whose loyalty is important.
It really shouldn't be a surprise that when you enter an established market, you're not going to accomplish shit by providing a lesser service while simultaneously treating the consumer worse.
MBAs walk into this arena thinking they've got their quarterly agile reports synergized outside the box to the max.
Somehow none of them have learned the concept of long term customers
Gaben and Steam: does nothing, wins
It always baffles me when I see an established company fail to understand long-term customers and still expect any kind of meaningful growth.
It's because the stock market doesn't care about anything except the next quarter. Valve can think long term because they're privately owned.