Pros
A lot of good people on the teams. Most people want to do the right things. People largely rolled with the punches of bad leadership and pulled together to cover gaps that were left after layoffs and attrition. Compensation was once fair, but they haven't updated their pay bands for 3+ years, so they're now way behind.
Cons
Complete lack of experience or leadership from executive level. The company spent 3 years wasting market opportunities and running after whatever the board told the CEO we should do. This included hiring like mad and then doing successive rounds of layoffs.
At one point early on it seemed like the management had a plan and were executing on it. As time went on, it became clear that the plan didn't take into account any potential obstacles or complications. Financial forecasts were *NEVER* correct, and it was never the executive leadership's fault. It was always market factors, or the economy, and sure, that was part of it. But projections were never conservative, they were never hedged, they were always presented as if it was impossible that anything could go wrong. Things went wrong, every time. "Boy, I'm sure optimistic about the future of the company" the CEO would say during a company all-hands, and 6 months later they'd go on to let nearly half the company go in a massive reduction in force.
Now they're just making increasingly desperate attempts to stay afloat and turn back into the scrappy startup they once were. Except the company and its needs have changed dramatically since the last time they were a scrappy startup. There's now self clearing and the regulatory scrutiny that comes with it. There's now much more money on the platform and the potential for a mistake to cost the company enough to put it out of business is dramatically higher. You can't play fast and loose as a 8 year old startup. You can't put the genie back in the bottle.