I wonder why people with requisite entrepreneurial skills aren't setting up enough remote-(only|friendly) businesses. Clearly, there's a demand for such roles. With RTO policies implemented across the globe, I imagine there'll be a surplus of high-quality talent for hiring as well. This seems like clear case of market inefficiency.

Or they have tried and failed, and market is working as intended. I'd argue this is the case since there have been a surge of companies the past 3 years, and barely a handful are remote, and none at large scale.