Pros
Lots of great ideas, and joined two companies together to position themselves to take over the marketplace. Pay was fair. Industry average. All locations were great, and the people were pleasant to work with. Good startup feel/culture, and a really agile environment. Nobody ever wanted for technology tools, or anything like that. All tools that you said you needed to do your job were made available.
Cons
Nobody was willing to execute on the ideas. They lack the technical expertise to actually implement anything that they wanted to. VC bankers trying to run a technology company is a sure fire way to torpedo any kind of productivity. The senior management wanted to make big promises, and then when it came time to follow through with it, it fell short. They will want you to work hard, and put in blood sweat and tears, however not deliver in the end. Horrible values overall. Promised the moon, and then could not / would not deliver.
