Outsourcing development seems almost orthogonal to the principles of building a startup-iterating fast, making do with limited resources, etc.
I've done consulting before for some startups that outsourced all development, and although they were run by brilliant business people, everything moved at an incredibly languid pace.Even something as simple as pasting analytics code into their site took several emails to their development team in India and hours of waiting.
And, although I don't know about this from experience, I would assume that lacking a technical founder will severely reduce your chances of getting funded.