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GamesRadar
GamesRadar
Technology
Kaan Serin

Valve boss and superyacht enthusiast Gabe Newell says pitching VCs is a "deeply distracted" way to make money: "If you're creating value for people, the capital will come your way"

Gabe Newell in Half-Life 25th Anniversary Documentary.

Valve Corporation's co-founder and memeable internet man Gabe Newell says the entire culture of starting businesses by pitching to venture capitalists first is a good way to waste a whole lot of time, and you're better off, you know, actually providing value for people. Who knew?

The superyacht enthusiast might spend all of his days working and scuba diving, but it's a luxury he's been given after opening one of the most profitable tech giants on the planet. Valve's come a long way since beginning life as the beloved developer of Half-Life and Team Fortress - it's now essentially the Steam Corporation, running the de facto PC storefront that takes a 30% cut on every penny you spend on the platform.

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