Pros
No budget, playing with monopoly money (venture capitalist) to do whatever you want.
Flexible work hours/stay at home. Good for some people, unfulfilling for me
Rocket engines are cool
Cons
Unorganized. No target market, no strategy; startup company without a viable product looking for endless private funding.
Poor leadership and poor employee motivation.
Below average salary and terrible benefits. Expensive insurance, stock purchase option at high risk to employee. Severe lack of financial transparency to company well being.