They don't (and in fact I think they are mostly remote) but they still have to compete with it.
Correct. LF has a small office in the Presidio, with perhaps a half dozen people living in SF proper and another dozen in the greater Bay Area. The rest of us are scattered around the US, Canada, Japan, and Australia.
just because LE competes with Silicon Valley in recruiting doesn't mean the employees are, or need to be, in Silicon Valley.
Couldn't this be ran out of Nowhere, Idaho though? Remote workers, etc.
I assumed they were remote, otherwise I would have thought they would have premises costs stated. Rent, heating etc.