If you ignore subtle nuances (idea, team, fit, equity, blah, blah), hiring is mostly about the money.

Pay $0 --> Nobody will work for you.

Pay $60k --> OK few people interested

Pay $200k --> Suddenly a lot of devs want to give up their idea and work for you.

Pay $1M --> Small, mid-size CTOs

Pay $10B --> Steve Jobs?

The things you mentioned "solid idea, traction, technical myself, and profitability" are about 1% of the deal. 99% is what the employee gets in his or her first paycheck.

(This has been my personal experience, so far. I'm in the Bay Area too)