http://secondverse.tumblr.com/post/5840343627/so-you-want-to...
Here a couple of red flags to look out for. They are looking to be a billion dollar company. This is another way of saying that they have giant egos and unrealistic exit plans. Find the people that know the topography of the exit landscape and how they fit into it.
Business Development personel without a product: For most startups, its just too early to have a BizDev person around, unless partnerships are critical to the success of product
The CEO can't code
They have 1 Jr level designer to feed 6 engineers
Everyone uses Windows, including dev-ops. (run away)