10 years ago I moved to Silicon Valley, after many startups in Istanbul. Throughout these years and following, my startups were run with 100% remote teams. Since settling in Silicon Valley, I’ve met with over 500 investors, and raised from more than 50+ investors. For a long time, when I told investors we were a 100% remote team, most of them told me this was a bad idea. They told me many reasons why it was not a good plan: time zones, communication problems, lack of local creativity, etc. I even heard that remote work will not work. They gave me all the possible reasons why remote work was going to be my ultimate failure. Many people also told me that being a remote company was not going to bring in new investors and might, in fact, deter me from raising more capital. In addition, they told me I would be a company that nobody would want to acquire because larger companies mostly prefer local talent. These comments weren’t just from investors, but also from advisors, partners, and even other entrepreneurial friends of mine. I always felt defeated trying to explain all the benefits of remote work to my colleagues and community including investors. So I continued on knowing in my heart that this was the best approach to building a company and rarely mentioned this fact to investors unless necessary. I was content in going forward knowing my remote team approach was working and frankly, thriving.
RemoteTeam was an idea that came through the lifestyle of our founder Sahin Boydas. He was a remote entrepreneur in Silicon Valley who built and exited companies while working remotely. Sahin saw this trend of remote work, way before it became mainstream, and knew deep down it would become such an important factor for tech companies and competing large companies looking to have an edge against their competition.
Since the early days in Silicon Valley, the atmosphere has changed dramatically in relation to remote work. Investors, partners, advisors, and entrepreneurs now vehemently advocate for remote work, with many of the most successful unicorn companies embracing its advantages.
There’s so much interest and promotion of remote work, that it’s easy to see the 7 environmental factors that led to this boom in remote work culture:
Remote work is now extensive. Covid expedited many trends in their infancy, and remote work happened to be one of these micro-trends that became completely necessary during Covid and beyond. We also see a more general trend of “talent is everywhere”. It is evolving faster, easier, and cheaper to become a software engineer. Silicon Valley itself cannot provide enough workers for the demand for talent. The number of disruptive startups in multiple categories is growing exponentially, further breaking down the limited resources like engineers required to succeed.
In a short period of time, RemoteTeam grew rapidly. Our team has reached 40 employees and thousands of users. Our dynamic team of 100% Turkish software developers and RemoteTeam's CTO Adam Dilek, who empowers and this team with his many years of experience, are what underlies RemoteTeam's rapid success.
We raised a seed round from notable investors such as Active Capital (lead), Larry Braitman, Adam Nash, Jude Gomila, CapitalX - Cindy Bi, Minal Hasan, IT-Farm, and many others. RemoteTeam became a prominent player in the remote work industry.
We’re excited to share that RemoteTeam is now part of Gusto.
Gusto’s modern people platform supports more than 200,000 businesses with full-service payroll, health insurance, expert HR, time tracking, remote hiring and onboarding, and many other services. And Gusto has become a vital advisor and tool that helps startups and entrepreneurs to take care of their teams, so they can create successful businesses.
As we learned more about Gusto’s culture and Gusto’s vision, we realized that we have many shared values and strong alignment for how to help businesses to be better positioned to navigate the era of remote work. Gusto feels very much like a family and they have an incredible culture that we were thrilled to join and be a part of. Gusto and RemoteTeam coming together will accelerate Gusto’s initiatives of remote work and the future of work.
RemoteTeam is bringing fantastic talent from Turkey and many other remote locations to Gusto’s team of nearly 2000.
We are thrilled to be a part of such a fantastic team and with Gusto’s support we will be able to deliver greater impact and reach our dreams even faster.