[jollybean]

(repeating my earlier sentiment) This is a poor assessment.

Business want someone that understand their needs and can communicate in their terms - not 'someone that can code'.

Having lived on 'both sides of the fence' it took me several years to develop the perspective, maturity and skills necessary to be able to communicate 'with confidence' to customers, and it's not some kind of bluster.

While the bar is certainly lower for someone to 'just have an idea' and so there's a lot of chaff and noise ... for most startups that don't require exceptional technical chops (say for example, not a new kind of DB), a 'good CEO' is worth far more than any technical contributor, at least nominally.

Technical contribution in more clearly defined areas is more or less just skilled labour.

The big advantage of being technical at an early stage is that that labour can come very cheaply with long hours etc. and the material reality of a startup is that there is 'a lot of work, and it's mostly technical'. Also - it needs to churn quickly, which is difficult to do for regular staff engineers at an established company.

The best thing any young technical person could hope for is a competent, trustworthy, conscientious, somewhat business savvy CEO who can communicate, as a partner.

Edit: The #1 issue I see among youngish new companies making pitches, is that they are building something that nobody wants. They have no specific insight into some kind of market need, and don't have the ability to communicate with material confidence around specific issues. Sadly by the time someone has been working in industry long enough to do this (and this is a minority, not everyone develops insight), their opportunity cost is usually pretty high and they're less interested in 'startups'.

For example, in a recent discussion with a major retail exec., listening to his woes, a 1/2 dozen solid concepts came out of a 1hr. discussion, but they're opportunities that could only be addressed by someone with that insight, and would be hugely benefited by someone like him doing the selling.

[vmception]

I notice I did write my opinion in a very echo-chambery way.

Sure, emotional intelligence and charisma and communication skills are important in this proposed technocracy, I’m just saying that the non-technical people with no capital should no longer be able to grift their way into double digit share ownership. We can go vertically integrated and switch the distribution of ownership, much more heavily than it already is.

[iamstupidsimple]

Sorry, but this still sounds pretentious. The set of possible cofounders is a market like any other, and compensation is generally commensurate with value generated. Charisma and EQ are just as important, if not more, than generic technical skills for most businesses. There's obviously going to be exceptions such as when new technology is being created at the foundation of the business, but that is not the majority of startups.

Technical founders who don't have those skills need somebody who can handle it - and it's very valuable.

[jollybean]

Charisma and EQ are attributes much like IQ and curiosity - they are nice and important, but not in and of themselves hugely important. However, 'Business Competence' is a material thing that is valuable.

[vmception]

> Sorry, but this still sounds pretentious.

Was it the proposed technocracy part? I'm not sure how people could get that impression. /s

No, but really, I mentioned that technical cofounders should pursue businesses that don't need the other personalities. There are enough of them. So in that subset of businesses, the technical cofounders would have all the equity, and in the remaining businesses their value would be seen as deserving more of the equity than what currently happens. Just requires coordination.