Constant change in processes (beyond what is normal in a startup), inability to delegate, poor hiring practices, constant micromanaging with very little follow through, the list goes on.
From a technology standpoint, MindTouch is top notch. The same can not be said from a business perspective. The executives do not delegate tasks well which results in countless bottlenecks and unfinished initiatives. There is rapid turnover in several departments and the general feeling that no one knows what is happening. Morale was at what seemed to be an all time low when I left but it apparently has gotten worse.