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.
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).
