Good Time for Investment Opportunities?

Recently a friend reached out with an opportunity to invest in a social media company that impact business metrics. It is time for interested investors to help expand their footprint and offers to the market.

Some questions come to mind: what's the current valuation of the company? Any plans for series X financing? What about terms of conversion for any convertible note? Discounts? Caps?

http://www.startupcompanylawyer.com/category/convertible-note-bridge-financing/

Is there a "pivot" - refocusing the company based on the description now and description of it at the beginning?

So a loaded question would be is this good time to invest in such opportunities (is there a good time)?