Pros
Compensation is high for the OC industry, and benefits are decent (though no 401k match as the company is yet to be profitable). Endologix is a small company which allows you to wear a lot of different hats and gain valuable experience fast. The new facility has great amenities -- if you can find the time to use them.
Cons
Influx of leadership from Edwards and Medtronic has led to politics and in-fighting normally reserved for large companies. The entire RA team left with their VP due to mismangement of product development timelines and lack of strategic direction from remaining exec team. Quality organization has a lot of turnover and incestuous leadership,. Promotions within R&D do not appear to be merit based, and program management divides rather than unites teams, with lots of corner-cutting which results in wasted dollars and repetitive validation activities.