Pros
1. Good domain knowledge 2. Strong support from the VC 3. Courage to take the IPO route and be a trendsetter among startups for this.
Cons
1. The owner mindset of the top management has meant that the company is run like a fiefdom. 2. Hire and fire is the approach followed. People are treated like commodity and empathy is non-existent. In my limited experience have not seen another organization that treats its employees so badly. 3. Managers are not empowered at all. Decision making is centralized and autocratic. 4. Dependency of biz on a few high value customers. The day they move out revenue might collapse. 5. An invisible finance department [controlled within the family] runs the company by remote control. 6. Exiting employees are treated shabbily and their F&F takes its own sweet time [in violation of the law] 7. Employees are frequently threatened with deduction of salary for any on the job mistake 8. Top management is highly temperamental in behavior. 9. Lack of vision and direction 10. No cake cutting/celebration on birthdays in office [yes, the top management has an opinion on this as well !!!!!]