Neither my partner nor I are programmers--we're both researchers/designers (certainly not managers!). We're both willing to bootstrap an initial prototype--and maybe even up through the first phase. We'd like to take on a tech lead partner, though still wouldn't expect him to do all of the programming--would want someone to contribute financially and serve as a Tech Lead.
If there's anything I've learned in all my startup research, it's that if people tell you something can't be done, it probably can.
As far as VCs finding other programmers to do your project: VC's are in the investment business, they aren't entrepreneurs themselves. Otherwise, they'd just be taking all the ideas and implementing them themselves: why share ownership with anyone when you can pay programmers to build it for you?
Ultimately, I realize that I did not answer your question, but I say go for it. What have you got to lose?