Currently there is two founders of my startup company, but we don't have deep knowledge of doing business. Should we find new co-founder for company who knows all about business by adjusting equity and hire him for CEO position? Or should we hire some non co-founder CEO?
An experienced/smart/business savvy/sales/business development person is worth 'their weight in gold'. I just turned down a co-founder position with a company called ICON Smartech for several reasons. However, the CEO clearly conveyed (to me) that his expertise was in 'engineering' (and not in 'business'). When it's all said and done with, it takes a 'team' to have a 50/50 chance to succeed... PERIOD! However, what's most important (IMHO), is 'chemistry', trust, integrity, and mutual respect. If you can't get passed that part with regards to finding a qualified CEO, why bother? Take your time finding the right person for what is (obviously) a very 'key' position with the company. The way I see, it, you will be spending more time with this person than your family (that's the 'reality'). With that said, I wouldn't want to spend 12 - 15 hours a day (or more) of my life with someone who I don't trust... would you?