[notduncansmith]

The point is not for one person to, as you said, "be able to do everything in that company". The point is to have an appreciable respect for what others do, and have enough faith in your idea to take a solid crack at the parts you don't have an expert to handle yet. I'm not saying the CEO's MVP implementation has to be anything worth keeping. It can be a shoddy Wordpress mess, or even a very thorough clickable demo if they're afraid to touch code - but they should have something that demonstrates some thought put into the actual application (and that they value the skills I, as a potential CTO, bring to the table).

> If you not only develop, but have business connections and seed money, why court a CEO?

Because it takes more than connections and seed money to be a proper CEO. You need to have a strong sense of product direction, and the ability to steer the company in a successful way - something that a developer who has a few investor relationships and a bit of cash may well indeed lack.

> It is a million times better to have a well-connected and capable CEO, and a talented CTO than to have both a CEO and CTO that both are ok at business and ok at development.

I agree, and I don't recall saying anything to the contrary.