[ginko]

The fact that it is a private company is a very interesting aspect of Valve.

I wonder why there are not more companies going that route. It seems to be sort of expected nowadays that every large company must incorporate.

[JackpotDen]

Because most companies hemorrage money. Valve was built after Gabe and the other co-founder got rich as hell from working on microsoft. They didn't need funding while valve was bleeding cash, so they don't have to do that.

[mikeash]

Most companies aren't graced with a founder who was already rich.