

This is an example of competition working. Normally, an oligopolistic market like this would not have good faith competition, but Valve got rich before they could be corrupted by VC, so they obey the intentions of one crazy entrepreneur, instead of the normal undifferentiated VC behavior.
Steam’s competitors keep trying the VC strategy and it can’t work because Steam exists and, at least while Newell maintains this attitude and control of Valve, don’t do it.



I feel like this is going to backfire spectacularly. University education in the US is one of the very few industries where there is a vibrant competitive market with supply exceeding demand. College-age people are showered with invitations to enroll from around the continent.
Under this highly competitive landscape, I would think that even small things that prospective students might view negatively will weigh on these universities’ enrollment numbers.