Revenue is the only milestone that counts now

It used to be that release of beta, hire of a VP, or first 100K eyeballs were milestones in the life of a high tech company and in the eye of investors. They showed progress. Today -- these events are just that events. They are not events on the way to revenues. Revenues show progress -- and if you want to be more specific, revenues are milestones on the way to cash flows and profits.