Would it not help to have a cofounder who is fanatical about the service itself rather than its implementation? Such a cofounder could take on something like a program manager role.
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YouTube's spokewoman upon the acquisition received approx. 5 million dollars. The 3 founders together received more than 750 million dollars.
Your co-founder should be able to provide more in tech side of the start-up because thats what is important in the beggining.
Whether or not a startup succeeds has probably more to do with understanding what users want rather than anything to do with the tech side. Tech is important later when you need to scale the service to support millions of users.
with "the beggining" i was reffering at the "later" you are talking about. the scale and the success of the web start-up is its beggining. And you need the people that will do that. Expect if you are the investor and paying them to do so...
To my mind and my experience unfortunately, if you have a co-founder who is doing only business without any other contribution (e.g. money) and he has same equity of your company as you then he is ripping you off. Better go to YC and give them 5-10% and access their network if you need a what u call program manager...
the reason you decide to start-up, is that although you don't know everything, it means you already know or u are willing to use other skills too and/or learn the rest (including those you are reffering to) , in order to encompass more characteristics --enough to take the risk to become a founder. Otherwise using one skill (e.g. programmer) should get you a job somewhere.
an non-YC example with female co-founder I am aware of is Emily Boyd of www.rememberthemilk.com
volida, can you qualify what yu mean by "only doing business". A good product is nothing without distribution, good product management and a keen sense of copy, branding, and the ability to sell. Building the product is only part of the battle.
If you mean, the business guy can't read code, doesn't know how interfaces should look and can't visualise the direction of the product i guess you are right. But, strangely business guys are needed to get users and thats pretty hard - even if you are myspace or bebo. Bottom line - doesn't matter how great your tech is - someone who gets business makes or breaks your product.
yeah, basically i mean someone who is not willing to be part during the development cycle and is interested only in pushing the product or finding the users.
The problem is that in the beggining there is not a product to push! And if there is and is launched even with some minor features showcasing the idea, then you'll receive feedback from the users, so you get this help from your users. This means, that having more features to produce you do need someone who is technically capable while the product/service is maturing.
Now if there is a product/service and that product needs someone to find clients that will pay for, and not relying in word of mouth, like most low budjet web start-ups do, then ok, you need someone who will help you with this, but does it really worth it giving up equity equal to yours?
For me, no because I believe that if its your idea (refering to 1 or more people), then you know it better. So, being the soul you can pursue becoming capable to talk about it and make others even invest in it.
Why do you think users will be interested in trying out your service and giving you feedback in the first place? You need someone to help you understand what users want.