Pros
When location isn't a factor, bringing the very best people together in a virtual and collaborative work environment is not only possible, it's scalable. As someone who has been here for awhile, I have seen the positive effects of building an expert level, distributed company. Our proven growth, revenue and employee retention have far exceeded the traditional onsite business model... Now, as someone still in the 'trenches' here at Toptal, I can say that this opportunity has been the most amazing experience of my life. When you work remotely, it really does come down to the people in the company. I have learned more, and grown more, than I ever could have in a static office environment. Toptal is a family. We care about each other and we meet up when possible during our travels (which is often). I have made many, very strong relationships here over the years, which will continue on through whatever lies ahead.
Cons
It's not really a 'con' but working remotely isn't for everyone. People who need a structured work environment with a set schedule to keep them on 'track' aren't going to be happy with a distributed model. Toptalers travel, and work, by their own schedule. As long as they are making required meetings, and being productive, they can schedule their own days off and vacations. There isn't anyone looking over your shoulder at Toptal. People here love what they do and the lifestyle of working remotely. We work hard, and we play hard, and we are changing the freelancer industry one empty cubicle at a time.