Pros
Management leads by example. The organization feels very flat and each executive is approachable, following the company mantra of "we don't work with jerks". CEO and CSO know everyone's name and thank them for their work. Each individual is given the opportunity to make meaningful contributions from day 1 and managers recognize and reward achievements. The product portfolio is strong and the company is well positioned. You have the opportunity to develop newer, better ways of doing things and make your mark. Compensation is very good.
Cons
Not a lot of fixed best-practices and little formal training. Some of the systems are antiquated. This is a lean organization, which can cut both ways. It sometimes feels like there is a lack of resources, but that is probably better than being a bloated organization. Ownership feels a little like a secret society. The path to achieving this status should be more clear.