Pros
The employees have each others' backs and work collaboratively across organizational lines. There are many opportunities to move into different roles to broaden experience. There is a ton of innovation happening with the products as the company focuses on delivering a great user experience.
Cons
Management. There are bright spots, but for the most part, the owners have placed dictatorially-minded bullies into leadership roles. They place unreasonable deadlines on staff and expect employees to give up their personal lives in order to meet those deadlines. And many have the "my-way-or-the-highway" mentality, which means employees are not encouraged to be creative, but are simply expected to follow orders. Long-time employees are heading for the doors and nobody seems to care.