Valve has never taking funding[0] - which is how the Unicorns got their valuation: they were funded at a particular value (eg in AirBNB&#x27;s April 2014 round they took $475M at $10B valuation[1]).<p>[0] &quot;Valve is self-funded.We haven’t ever brought in outside financing.&quot; pg 3, <a href="http:&#x2F;&#x2F;www.valvesoftware.com&#x2F;company&#x2F;Valve_Handbook_LowRes.pdf" rel="nofollow">http:&#x2F;&#x2F;www.valvesoftware.com&#x2F;company&#x2F;Valve_Handbook_LowRes.p...</a><p>[1] <a href="https:&#x2F;&#x2F;www.crunchbase.com&#x2F;organization&#x2F;airbnb&#x2F;funding-rounds" rel="nofollow">https:&#x2F;&#x2F;www.crunchbase.com&#x2F;organization&#x2F;airbnb&#x2F;funding-round...</a>