
Valve
Published October 4, 2026
Valve Corporation, also known as Valve Software or simply Valve, is a Bellevue, Washington game studio whose chronic release delays and refusal to put a '3' on any sequel turned the company itself into a running joke across PC gaming communities. Jokes about 'Valve Time' and the gag that 'Valve can't count to three' became two of the longest-running memes in PC gaming, repeated for years on forums, Reddit and Steam itself.
Overview
Two intertwined jokes drive the Valve meme. The first, 'Valve Time,' describes the studio's habit of blowing past announced release windows by months or years, with the term retroactively applied to anything the company ships late1. The second, 'Valve can't count to three,' points at the fact that none of Valve's series have ever received a numbered third installment: Half-Life stalled on Half-Life 2: Episode Two, Portal stopped at Portal 2, Team Fortress ended at TF2, Left 4 Dead at Left 4 Dead 23.
The format is usually just the word 'Valve' delivered as a punchline, either as an answer to 'when is X coming out?' or as a shrug at a long wait. Image macros, comic strips and forum copypastas spin the two jokes together, treating Gabe Newell as a figure who refuses to type the numeral 32. Valve itself leaned into the bit by using 'Valve Time' internally and keeping a page about its own missed deadlines on the official Valve Developer Wiki1.
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Origin & Background
How It Spread
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