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How remote work has helped tech companies outside of Silicon Valley grow


“I don’t think you can put the genie back in the bottle,” said Scott Siegert, chief operating officer of Buildertrend, an Omaha company that makes software for homebuilders and acquired three small businesses during the pandemic, none of them. which are nearby. “I don’t think it’s what workers expect, and I don’t think it’s best for the company.”

Mr Fuller said he was not disappointed that FreightWaves’ full return to office seemed unlikely. His business improved when the company moved to a virtual office, he said, and he had no trouble filling positions, even if it meant paying higher salaries and hiring. a recruiter for the first time.

“Every metric you’re interested in has actually increased,” he said. “Sales increased, momentum increased.” Most of its employees continue to work from home, even though they are based in Chattanooga.

Robert Hatta, a partner at venture capital firm Drive Capital, which is in Columbus, Ohio, and invests in businesses outside of coastal cities, said that before the pandemic, about 20% of the roughly 70 portfolio companies of the company allowed remote work. Today, around 90% have added some form of virtual connection to their permanent office plans.

But he’s not convinced remote work will remain the default.

“I think most people would agree, all things being equal, collocated team beats distributed team, even in tech, and that continues to be kind of the default belief in the start-up world,” he said.

Mr Hatta said it was too early to say which model would become the new standard. “Right now we have over 60 companies, each running 60 different versions of an experiment on what will work from a workforce perspective,” he said.

nytimes

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