I believe that when a company has not found the right product/market fit yet, or has not gained a significant market share in its respective niche, then it cannot afford to have core engineering done remotely.
Any pre series-C company, which is still adjusting the product/market fit and fighting for survival will not be able to afford the lack of creativity that a core local engineering team provides, and the higher communication costs associated to working remotely (especially in different time-zones).
It maybe can work for non-core engineers, or for remote core-engineers that have given up to their chances to build up a career and level up, since those spots will be taken by folks who work locally next to the leadership team.
Most likely if a remote engineer turns out to be spectacular, he will receive an offer to move locally under the same roof in order to unlock his career.
>"I believe that when a company has not found the right product/market fit yet, or has not gained a significant market share in its respective niche, then it cannot afford to have core engineering done remotely."
Here is a nice list of companies that proves your assertion wrong. Note many of these started as "remote only":
Any pre series-C company, which is still adjusting the product/market fit and fighting for survival will not be able to afford the lack of creativity that a core local engineering team provides, and the higher communication costs associated to working remotely (especially in different time-zones).
It maybe can work for non-core engineers, or for remote core-engineers that have given up to their chances to build up a career and level up, since those spots will be taken by folks who work locally next to the leadership team.
Most likely if a remote engineer turns out to be spectacular, he will receive an offer to move locally under the same roof in order to unlock his career.