And by "something", I don't mean code (nor the idea, but there are things beside those). Seriously, I'm a developer, I don't give a damn if my potential cofounders could code or not, that's redundant. I would look for someone who has what I can't easily get. Someone having an accurate view of the state of an industry, or being nosy and/or well-connected enough to be able to get this view. Or someone some marketing/sales skills. Or someone with some proof that people (preferably people with money) are interested in the product.