First, I’ve only worked for startups, except after getting purchased by established companies.

Having raised 100 million in 2022 and only having 10-12 months remaining of runway would be concerning depending on the current rev. If that money was being used to acquire additional orgs, I understand that as well and that is a bit of a different story (which by the way, is it a Silicon Valley/Lehi based company that works in RPM?).

I am sure they have already begun working on the next raise and if so, what is the expectation of the raise? Many companies are having to settle for down rounds right now. I would make sure they have a plan to keep going if a round is not coming or if they choose not to accept a down round depending on how close to profitability they are.

I would end up taking the opportunity if it were me as long as I understood the potential dilution with the next round, the growth trajectory, etc.