Team is basically code for what I will call the Three P's: pedigree, pattern, and proof. * Pedigree: Do you have a track record in this domain? Have you been i

Team is basically code for what I will call the Three P's: pedigree, pattern, and proof. * Pedigree: Do you have a track record in this domain? Have you been involved in success stories before? If nothing else, do you check the requisite Stanford/Google/Facebook/Apple boxes? * Pattern: Does this team more or less resemble successful teams the VC has seen before? * Proof: Who is vouching for this team? Who else is interested in this deal?