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How do I evaluate a start up before applying there?

Making the switch from Business Analyst to APM. I don't mind the lack of WLB (60-70 hours a week) since I'm very early in my career- all I'm looking for is: 1) Learning 2) Above average but not ridiculously high pay (I'll be more than happy with 80k-1LPM in hand) Problem is most companies that are more likely to provide me with these are start ups since I'm not from a Tier-1 college and have a B.Sc. So how do I evaluate a start up's financials before applying there? Most people give vague answers like "check their financials", "figure out how much runway they have left" etc. without going into detail or mentioning any concrete steps.

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by mellow007

Startup

Started off career in startups

Hey All I graduated in 2021 out of DU and parallely converted my internship with a preseries A fintech startup for a full-time role, pay was less that what I would've got in campus placements, but I prioritised steep learning curve or a 15k per month salary difference. After spending 15 months reporting directly to the ceo in a 150 member team, I resigned. Initially the pace was enjoyable, later on it became toxic. Moved to Bangalore and joined another start-up, didn't take a huge hike since I just wanted to start somewhere. After working here for 7 months, now I have much for focussed idea on what my strengths are and I'm working with experienced folks (avg 8+ years). I'm a 22 year old working in the founding team of pretty good product startup (funded by Kunal and bunch of other angels). Currently I'm at 6LPA, and would reach a 12LPA in thr next 3-4 months subject to fundraise, what I would like an opinion on is if after completing an year and we don't raise a round, do I stay? Or do I go back home and prepare for Gmat or CAT, then do aan expensive MBA by taking a loan? Or do I find another startup asking for a 12LPA? or do I try for a established company role in program management or partnerships or something? I don't have any family money or business to fall back on, but fortunately I didn't take a loan for my education yet, and my parents would be okay to give me another 2 more years to figure things out. Would appreciate help from anyone who've been in a similar journey or just any piece of advice. Thanks!