This is such a massive point right here ... there is so much talent, either already in "far flung" parts of the country; or currently in a place like SF, but who long to move "back home" for any number of reasons.
Having startups be more remote-friendly by default would be a huge boon for everyone involved.
This might be the one and only competitive advantage startups can offer over the big (and even mid sized) tech companies now. As previously mentioned, the compensation is so large at the established tech companies, and the (mostly) false promises of startup wealth are largely debunked, that allowing all workers the ability to move to lower cost areas or back home but still work in a dynamic industry is very appealing.
One of the risks of remote work is the next opportunity. What happens if you land a great remote job, move your family across the country, and then realize the new job/boss/company is not a great fit? Right now, it can be a challenge to find a comparable position offering full time remote flexibility. But if all startups offered full time remote, then the network effect occurs, leading more candidates to want this option and opening up a larger pool of qualified applicants for startup companies to work with.
If YC could facilitate this industry trend, you could be helping startups with talent acquisition, helping workers establish better lives in lower cost locales, helping to spread tech talent and opportunities around the country, and helping the Bay Area (and other highly impacted tech hubs) ease some of the housing and transportation issues. If this is a successful startup trend, I guarantee the big tech companies will follow.
Agreed that this is a big competitive advantage that smart founders should take advantage of. Doesn't mean you need to go 100% remote, but by being flexible on location you offer a pretty compelling alternative to a big tech co salary.
Ah, but here is the rub. If you want to work remote, who would you rather work for? An employer as established as possible (with less risk of going under) or a startup which might not even be around next year? Being remote, new opportunities might not be easy to come by, especially if the startup folds due to an economic downturn which is affecting other startups as well.
While hiring remote makes sense for startups, working for a startup might not be the best option for remote workers.
I found a loophole to all this madness. I joined a company that was not remote-friendly, moved a couple hours away after about a year, and told them I'd be happy to continue working for them remotely. They obliged :)
Having been on both sides of this, this is usually career suicide.
Not to say you get fired, but you miss too much. You miss watercooler talk. You miss the invite to a new project. You get sent maintenance and bug work.
If you want to work a 9-3 and coast, sure. If you want to do cool stuff and move up the chain? Being remote in a local company is totally suicide.
Having startups be more remote-friendly by default would be a huge boon for everyone involved.