I've been working on distributed teams for over 2 years now. I very much prefer it and I find that personally I am more productive. I've also started a business

I've been working on distributed teams for over 2 years now. I very much prefer it and I find that personally I am more productive. I've also started a business with a parter who is remote. In 2 years we've only met twice. It helps that we are in the same timezone but any level of stagnation has not been a result of our location. When we eventually hire developers I would like to hire local so I can have in person social meetings with my team, but I would not want to have an office as I feel the trust and flexibility of working from your own environment can have a massive impact on a mature professionals creative output.