A virtual company is what I have always had in mind to build up and run - I believe putting bunch of people in a building adds nothing to the company's value and will make work less efficient.
Some people will probably want to shoot me now - but I don't care. I want nothing to do with oldfashioned thinking. If you run a factory, you're excused, obviously.
My idea of a company is a group of people working together, but not necessarily in the same building, state or country. Why ?

• Cost efficiency
• . We are *not* paying for a building we have to commute to through heavy traffic.
• Quality is not geographically bound.
• The best employee could live in Alaska, for all I care.
• Because we can.The technology is there, so why not use it ??

And these are just a couple of points. A very good example of a company that already does this is MoveOn.org, a company that runs political campaigns.

Staff members rely on the usual mechanisms to stay in touch with each other: IM, email, phone. Everybody works from home, because "we figure that once people start clustering in a physical location, it'll become unstable. The inside people will [become] the corporate headquarters. So we have no two people in the same location."(WebWorkerDaily)