If we didn’t hire guys that were better than the co-founders in some way, we’d stagnate pretty quickly, since the company could only grow at the speed at which we could grow as individuals. Hiring a team that is better than you though, drives the momentum of that growth / innovation forward exponentially.
It's an excellent statement. Many small businesses owners are reluctant to hire people smarter than themselves. Perhaps it's a fear of being taken advantage of, or maybe it's ego or whatever, but as Adii notes later in the post, fear isn't always the best foundation upon which to base a decision.