Pros
Some program teams are providing exceptionally excellent and truly world class experiences and opportunities for early-stage founders. If you have the fortune of working for one of those teams (or in one of those regions) you will have an excellent experience serving founders, growing your network, learning about the tech ecosystem, and making life-long friendships.
Cons
The organization has weak and low integrity leadership. A few years ago there was a strong internal culture that was damaged by the original CEOs wanting to scale the company as if it were a SaaS business and failing (it's not SaaS, it's productized service). This resulted in a couple years of tumult within the senior leadership team and resolute abdication of responsibility within the executive team. The board brought on a new CEO who is even more factional than the previous leadership and lacking as a visionary. Likely, whether they know it or not, they were brought on as a hired gun to rapidly change the company, take the blame for the stress of the changes, and then the original CEO(s) will come back to save the day . All of this impacts everyone's day to day lives because it's creates a disordered environment from the top down. It means employees aren't supported, camaraderie is lost, collaboration is difficult, and culture is toxic.
