[paulddraper]

Sure, the location has value to some companies. And they'll fight each other tooth and nail.

But to a remote company, it's just as irrelevant as a luxury car. It's an artificial segment of the market to them. They don't need to enter the frenzy. There is a equilibrium of global supply and demand that is lower than SV equlibrium. Replace your SV hires with the others at that price, and save money. Capitalize on your remote work, instead of tossing it aside.