Interesting concept with a lot of potential, however the execution and ambiguity makes for an unpredictable work environment coupled with having to deal with inflated egos.
Cons
Stability issues from a product and work environment perspective. Unclear expectations on hiring and an isolated, burned out middle management who fosters unrealistic expectations for their peers. It is a trickle down model that breeds negativity at every stage.
Solid business model and niche market.
Fast moving, mix of technologies, opportunities to take ownership.
Cons
Quick software pivots can require long winded implementation schedules at short notice.
Favouritism amongst teams who've known each other prior to employment at the company.