Valve is private. That fact alone is neither inherently good, nor bad.

I’m leaning towards being a public company is inherently bad, so being a private company is preferable as the primary “not bad” option.

My main experiences with public companies lately is that they prioritize quarterly and yearly profits over long term health of the company and a good relationship with their customers. I don’t think that approach will be healthy for the company long term, and hurts consumers short term.

Privately owned companies can be just as shitty as publicly owned companies, but they’re not required to put short term shareholder profits first. The well run ones (especially family run ones) are more likely to prioritize building a good reputation and consumer loyalty, which is how you get companies that don’t suck to interact with.