“I’m sorry to be so blunt,” Schmidt continued in the video posted on Stanford’s YouTube channel on Tuesday. “But the fact of the matter is, if you all leave the university and go found a company, you’re not gonna let people work from home and only come in one day a week if you want to compete against the other startups.”
If I were going to found a company I'd make it remote only because I'd have access to a global labor pool, often in places with lower cost of living, and I won't have to pay for an office. Seems like a win-win.