Technical co-founder - Portland, OR
Awesome developer - Portland, OR
I am starting PHP Fog, which is a service like Heroku for PHP. We deploy and scale your PHP applications seamlessly in the cloud for you. You focus on development, we focus on deployment.
Ping me a lucas@phpfog.com for more information.
EG: It would suck if you are a great engineer, and ended up with an ok engineer co-founder doing the engineering whilst leaving you with the business stuff (which might not be your forte). You could have had a better engineer (you) and a better business person (someone who is just business).
At a higher level, I wouldn't even look for a business orientated co-founder. Just get another developer, or if it's appropriate, someone who is more design and product focused. The business can take care of itself through advisors and just picking stuff up yourself.
Good luck!