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this post was submitted on 23 Nov 2024
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Someone would've picked up the model. The execution? Doubt it.
Yes, someone would have. Eventually.
But valve did it early.
It's easy to fill a niche once it's formed. Not so easy to do before, or as it's forming. Or predict if one will form.
I'm not saying valve or Gabe had some kind of foresight or wisdom, I still think it was a gamble. It just happens to be a gamble that worked.
It’s literally the risk taking behaviour to foster innovation that economists supposedly talk about.