I've been working through VC across the atlantic during the pandemic. It's been horrible. There have been multiple projects that took months - and I know, from past experience, that if I could hop over the atlantic for a week they'd be solved in that timeframe.
Why? Because of face-to-face experience and trust building and the ability to sit beside one another and grab someone quickly. It's 100% worth the ridiculously high costs of air travel and expenses.