Pros
Fully remote. There was a good deal of travel in 2022 for employee meetups, though VCs have since tightened the purse strings and that largely no longer exists.
Cons
Watching many of the most devoted employees get laid off to appease investors in early 2023, then watching the CEO turn around disparage them in a company-wide meeting as a "bad fit" afterwards has extremely negative effects on morale. It leaves everyone who's left behind wondering if they'll be in the next round of layoffs, or whether there will even be a company in the next few years. This isn't exactly the sort of environment that fosters innovation. Occasionally the CEO will refer to employees as "co-owners", though how this label manifests in reality is completely unclear. It certainly doesn't mean equity or job security.