Pros

Location. Talent of coworkers. Flexibile schedule.

Cons

Unrealistic expectation of senior management. They're wanting people to put in dot.com startup-type hours, but not giving any incentive to do so. There are plenty of local jobs, so you have to offer more than a regular paycheck to get more than regular effort. We see how much stock they (senior management) are getting, and how little (or none, in most cases) that we are getting.

The environment is loud. We have an "open office" so there is no way to focus. That may work for sales, but not so much for work that requires concentration.

Advice to Senior Management

Don't expect people to kill themselves to enrich you, unless you also plan to enrich them. It just won't happen.