Pros
Full of ego-centric angel investors who take corporations money to fund their personal investment portfolios (a "pro" if you're looking for a free ride to invest in a few hot startups)
Cons
*No vision for the future *New projects are half-thought and result in a terrible customer experience *No understanding of their customer (startup or corporate) *Constant reorgs *No opportunity to change processes or systems *More bureaucratic than any corporate I've been in *Sells this vision of "helping startups" when they're only interested in sucking up corporate funds *No understanding of their partners needs *Push partners/clients away instead of embracing the opportunity to work with them and tells them to sit in the corner while the "experts" do the real work *Each program is 100% dependent on the MD - no global connectivity or vision *"Stay in your lane" culture *Hyper political *No understanding of what it's like to work with a corporate beyond the sales cycle