How did Valve get it's name?

[Deleted]

I'm trying to find out how Valve got its name. I need that piece of information for a project. All the searches end up with a poker match between Gabe and Gearboxes founder but it seems to be a lie. Anyone got anything else, please?

[Sut]

Gabe stared at the piping in his basement for a REAL long time.

[QuickSwitch]

From what I can gather, it is supposed to be a metaphor for how they would create their games; the way they would control the entertainment experience.

I found it from a G4TV special on Valve that is posted on Youtube. I can't post links yet, but do a search for "Icons: Valve and Half-Life". The quote in question is at part one at 2:12.