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A lot of people want to focus on how new or old a business is, or whether or not they are debt-free. Nothing wrong with looking at those things, but it is much simpler to boil it all down into one category: Leadership. Face it. A millionaire who has no clue what he's doing can start a debt-free company and go under in 6 months. Everybody wants to get in on a start up. That can be awesome when you catch the right one, but it is way more important to consider where this company will be in 10 years, than whether they started a few months ago or a few years ago.
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