[egl2019]

Go read Ronald Coase's "The nature of the firm". And if your work _can_ be structured to minimize the transaction costs, you might as well go to a low-wage country rather than mess with a remote, medium-wage team. I worked with one company that had all of their engineering team in Pakistan. The SV-based VP engineering never saw his team face-to-face. They had a huge cost advantage.

[avip]

It reads as if you equate the term "remote" with "remote (US)". The term "remote team" most obviously implies your pool of developers includes the entire earth (bar some language/timezone difficulties).