Pros
Health/dental are insanely good, but don't take a lot of time off. Clients can be cool and there are great networking opportunities to bounce and work at their funds.
Cons
Client numbers aren't right a lot of the time. Read that sentence again. People managers on the venture team are inexperienced and unreceptive to feedback, even though it is frequently asked for. Middle and upper managers actively fight against changes that would improve the workplace, and instead use feedback as a weapon against the employees that give it. Textbook toxic environment. High egos at the manager level and above, and unclear or unrealistic expectations which makes the work environment difficult to navigate, expect to manage upward. Hours are pretty insane, compensation is below market. Little to no career progression opportunities unless you're a manager's favorite. Senior management has a focus on moving up market but lacks industry knowledge to understand what's required to do so. As a result the product is severely under-developed for management's target clients, and the core infrastructure receives little to no investment in development. Burnout culture is common, but problematic as this is a high-context industry and company which requires employees to ramp up for 6-12 months before their contributions become meaningful. The company has a hard time hanging on to employees for their ramp up period and there have been many departures within the employee's first year on the job (~50% of hires on the venture associate team in the last 18 months). There is a huge churn problem but it's viewed as culling the herd instead of a red flag. Most of the original, smart and highly knowledgable employees have moved on leaving a knowledge gap. The general caliber of employee AngelList is able to attract has gone down.