[whimsicalism]

I think the big value add is time proximity and lack of language barrier. Moreover, the large majority of high-level technical talent remains in the West (and the west coast of the west-most country of the West, at that), although that gap is closing.

[throwawayboise]

The west coast is heavy with tech talent because the tech companies are there. And tech companies are there because the tech talent is there. It's been a self-perpetuating feedback loop until now. With remote work normalized and proven to work to whatever extent it has, that feedback loop will start to break down.