All things being equal I would certainly prefer to just hire, but beggars can't be choosers. Ironically, I ended up bootstrapping the business because I could not find a technical co-founder in the early days. As a "non-technical founder" in the Bay Area without an educational or product management pedigree it's damn near impossible to find a technical co-founder because no one trusts that you aren't a slave-driving leech. And if you can't assemble a founding team it becomes almost impossible to raise more than 5 figures or be accepted to an incubator.