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Yours is an off-color take that does a disservice to the HN readership. I'm saddened that it's currently the top comment. Here's what I saw: As the months went on and Valve's costs continued to escalate, it became clear that Mike and I were maxing out on our financial commitment. Rather than renegotiate the contract with Sierra, Gabe, who had started at Microsoft much earlier than Mike and me, began funding the ongoing development costs, set up as a loan against future company profits.
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By the summer of 1999, Mike was researching trawler yachts, I was immersed in figuring out Valve's potential business opportunities, and Gabe was doing deep thinking, leading the team and communicating with customers. In the meantime, because of the way Gabe and Mike had structured the ownership, where employees could earn equity over time, Mike's and my ownership stake was effectively shrinking.
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In a nine-page document, I proposed that Valve and Amazon team up to create a new online entertainment platform. I scaled the business opportunity within four years at $500 million dollars. The gist of the idea was to create a made-for-the-medium platform that would bring users together in a sticky, compelling entertainment experience, with digital and offline content sales. I wanted Amazon's financial backing as a way to gain first mover advantage against Microsoft and Electronic Arts, then the major PC games players. I didn't see a role for Sierra. If pushed, we wouldn't create any new games ourselves, and instead would team with outside developers so that they could distribute content not subject to an 85% publishing fee. At the time, I considered it an act of rebellion against the traditional publishing dynamic where independent developers took on huge risk, and the big publishing houses reaped the rewards.
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We had a great discussion, and a couple of weeks later, a champagne bottle appeared at Valve’s door.
It was exhilarating and scary at the same time. We had an offer from Amazon for a minority stake, but the dynamics within the company were tricky. Amazon could help propel Valve to the next level, but the partnership would not be without costs. Valve’s culture was still evolving. A partnership with a major outside player could help but it could also hurt what we’d all built.
It was after the Amazon offer that Mike revealed to Gabe that he wanted to leave. With an offer in-hand, it didn’t take long for us to figure out the outline of a deal.
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As I look back on the huge success Valve has become, I'm proud of what the team accomplished. I'm also proud of the work I did while recognizing that my biggest contributions to Valve's business went largely unnoticed and unrecognized within the industry. Part of that was due to the bro culture of the software business, part of it was that I receded to support my husband in a partnership where he was effectively the lesser partner, and part of it was that women, especially in tech, often seem to disappear when the story gets told.
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I know that Valve wouldn't have been successful without Mike. It wouldn't have been successful without Gabe. And it wouldn't have been successful without me. A friend of mine who knows the full story once said to me, "you were a founding partner" and in hindsight, I agree. From the beginning, I invested time, treasure and industry expertise to make the company a huge success.
So what really happened is that Gabe Newell (the cofounding partner with the most money) carried the company.Mike Harrington (the other cofounder) and his wife Monica (the author) didn't leave, they were squeezed out, due to their contract shrinking the equity they owned, "because of the way Gabe and Mike had structured the ownership". - Even though she contributed considerable capital and was the one who sealed the deal with Amazon to create Steam, that wasn't enough to overcome the rampant sexism in tech (demonstrated by the actions of the men around her), so her contribution was erased from history. All that matters in (American) capitalism is who has the most money. Labor falls second to that. I've experienced this several times in my own career. Also losing out through agism, not selling my strengths well enough and not protecting myself from financial losses. It would have been doubly hard without the random privilege of being a white middle class male. This is why your take sounds right, but is only part of the whole story, conveniently sweeping injustice under the rug to preserve your own ideology, rather than raising awareness to help others avoid becoming victims in the future. And your take is amplified on the national stage, at the center of the current political debate, creating an even more insufferable climate of denial for those who are already suffering under the aftermath of US colonial patriarchy. |
Why is sexism being conflated with cutthroat business decisions?
She and her husband didn't make the cut - doesn't mean that she was specifically excluded because of her gender. Look, the fact that she then mentioned "... privilege of being a white middle class male" made it very clear that she wanted sexism as a key ragebaiting element.
As the article author relied on sexism as the concluding answer, there's nothing wrong to call her out on it.