Startup HF offer - seriously consider?

Me:

• Close to a decade of experience in data roles in tech companies

• Has always been interested in quantitative finance; loves the instant feedback loop vs tech

Fund:

• Totally new, but founders are well-known and early employees are legit

• Currently raising money and building infrastructure - confident they will hit their target AUM

• In my opinion has a really clear idea of how to use data to generate alpha

Offer:

• Base is same as current base; bonus target is much higher

• From industry data, seems to be at slightly above AVP level, lower end of VP

I feel I am way too excited and need some grounding, so coming to the forum for help.

Questions:

• As in title, consider seriously? 

• What are the likely failure modes? What should I be wary of if I do join?

• Is this economic environment / "HFs in structural decline" mood a bad time to join a hedge fund, much less a new one?

• What do the exits look like? I could move back into tech for sure, but does it add anything to my exit opps?

Thanks to everyone!