Here Comes Another Bubble video is just great. Agree or disagree it's still fun to watch. Companies come and companies go, but it is fun trying to catch the right wave.
"The most common proxies we use in the venture business are customer adoption, revenue ramp, the development of a strong team, the emergence of a strong brand, the creation of a robust and scalable technology platform, and strategic partnerships with other important companies in the target market."
Can't get much clearer than that.