Pros
Probably a great opportunity for entry level marketing, programming, etc. Their average hire age is 25 (which should be in the con section). Great potential but....
Cons
I was hired to make some serious changes and I reported directly to the president. That did not sit well with others in upper management, which made things very difficult - but that was anticipated. I don't think these guys are going to get to the next level in their industry unless there is a massive change in their develop direction, how they are handling their legacy products, and how they address the needs of their market. They might be at their peak. From what I experienced, the necessary changes may be impossible without the president (and founder) leaving and staying away - plus a large group of other management. Time will tell. Maybe they will do what needs to be done when another company does what they should be doing - and have the ability to do. But in reality, most other software companies that successfully developed out of the 80s, but have failed to overcome their legacy software are in the same boat. As a whole, the employees are very inexperienced. Almost every upper-level manager has been moved up and several are very young and green. Such managers are very easy to control and command low salaries. Many of the experienced ones are quietly riding out their time. I would agree with most all of the management cons provided here, and would assume that most of the pros are from younger employees. If you are a seasoned software professional and/or executive manager, I would advise you to stay away or use great caution. Have a good backup plan or a great employment contract that will protect you.