Use somebody else's money to build your dream product with a huge incredible staff.
Get gauranteed, huge up front salary to do so.
Take away a sizeable piece of the action on the success.
I'm happy that he's decided to stay independent, but I think Valve could actually handle a hire such as him correctly. They've got a great reputation with most of the gaming community for doing things right, and I'd be surprised if they screwed something like that up.
The entire reason Minecraft is so successful is because there IS NO HUGE INCREDIBLE STAFF. The game spawned from the thoughts, dreams, and abilities of just a single mind. Add more minds and the game becomes something it was never intended to be.
I'm not saying he should have taken the job, but Valve has earned my faith that if they take on a project, they will do it justice.