Pros
1 - working from day one on live deals, both from an execution/transaction perspective as interacting with founders 2 - supporting Management with portfolio management tasks, including transaction documents review, venture debt modelling, market deep dive, competition landscaping 3 - being able from day one to expand own personal network between founder, angels and other VCs 4 - being able to source new deals and bring them to deal flow review / IC 5 - lots of guidance from colleagues and Management 6 - lots of perks on a company level
Cons
1 - intense working culture culture and working hours 2 - entrepreneurial spirit is required as team members tend to follow a bit the lone wolf style of dealing with things 3 - being proactive as an absolute must