The advantages of this approach are enormous - it helps you understand what you're looking for, helps you evaluate candidates and helps you understand the needs of your own company better than anything else ever could. And you're no longer desperate - you can afford to wait until you've found the best person to work with. It means that when you do start talking to people, they will respect you more because you took the time and effort to work out exactly what it is they do and how valuable they are.
It might even turn out that you don't even need that person, that the company is doing just fine because you worked out you can do it yourself more cost effectively than bringing on someone else.
Develop your skills so you can be the tech co-founder until you can get someone better than you.