Then that begs the question: did the company misrepresent its funding status? Perhaps the OP didn't ask but it sounds like he did his research. It's always good to ask these questions:
- How much locked-in funding do you have?
- How long can the company go on at the current burn rate?
- What is the current projected point where the company's revenues will grow to match expenses?
I have no idea whether the OP asked some/all of those nor whether or not the company misrepresented its funding status.
Then that begs the question: did the company misrepresent its funding status? Perhaps the OP didn't ask but it sounds like he did his research. It's always good to ask these questions:
- How much locked-in funding do you have?
- How long can the company go on at the current burn rate?
- What is the current projected point where the company's revenues will grow to match expenses?
I have no idea whether the OP asked some/all of those nor whether or not the company misrepresented its funding status.