Where it isn't, set up shop in a smaller market that isn't the valley and have a separate office. Execs can split-time between the locations if necessary, but standing up an office in Houston, Austin, Atlanta, or wherever, and hiring another manager for that location can pay for itself quickly, considering wage-market discrepancy.
My office is in Mountain View, but I live in Annapolis, MD. We have an office in Georgetown, DC, that's about an hour away from me. I work from home, but have the convenience of the DC office in the event that I need to physically sign papers, get stationery, or whatever, and I fly out to MV for a week every couple of months, or every quarter.
Our company has a services division as well, that is mostly remote (though, remote in that scenario is generally on customer premises), and while sure, we have a need for office in some spots, we most of the time don't, so we oversubscribe desks and such. I think we have 6 desks in the Georgetown office for 20-something employees, and it's extremely rare that they're ever full.
Yes, it's expensive, but no, it's not 8k, it's half that.
Moreover, what on earth would that have to do with acquihires?
The GP's assertion was hyperbole. Acquihires are not the "default hiring method."
That's insane. I can live in a 4,000 sq foot 2 story 3 car garage in a very swank Chicago suburb for that price.
Yeah, it turns out there's a lot more space in suburbs than urban centers.