Seems to me you should simply take the flip side. For me, savvy isn't the right word. There is something very self-interested about it. Instead, I would look for a business person who has actually helped build something. Preferably something very interesting.
Also, while im not big on references, it might be nice to talk to another hacker, whose work you respect, who had a positive experience working with that business person.
Lastly, I would definitely not judge a business person by which business books he has read. Business people should help you build something of value, not regurgitate the most recent tagline of a management fad.