This is what happens when you're a non-technical founder - you become desperately dependent on others, and when they fall through, you can't do any meaningful work (Josh describes what sounds like just reading some blogs and 'thinking' while Ted leaves him on the hook). Sometimes it works, of course, when the CTO you depend on actually is an awesome coder/architect, but you've essentially just increased your startups possibilities for failure with the same amount of upside as if you were just a technical founder in the first place.

I've noticed this dependency of non-technical founders on a "ninja rockstar CTO" is much more acceptable in the NYC startup community than the Valley.