Pros
Small company with close working access to senior management. Great place for a hands on and up front experience in IT project management. Limited restriction on software applications (tools you can use). Initial salary is higher then most companies. Larger than average desk space. Ability to be involved in whatever project that comes up providing one proves their competence. Company wide milestone or holiday celebrations.
Cons
Training is not as intense and long as it should be. New employees tend to be thrown into projects with little knowledge. Salary increases not offered for work performed until resignation. Employee 'cliques' are strong which prohibits needed knowledge sharing and acclamation. Founders of the company are too closely involved in the day in and day out daily decisions. Senior management gets involved in cliquey activities and are quick to judge based on hearsay.