Pros
1. The people are genuine, caring, and want to help out. There is a sense that everyone works together towards common goals, and genuinely cares about one another's work. That is why people have so much fun at the corporate events and offsites that are held periodically. Contrary to what others may have said here, I find this part of the culture completely genuine, authentic and enriching. 2. The company has continued to grow and (also contrary to what people have said here) retain clients, marquee and otherwise. The business model is stable in the present while also giving the opportunity to reap future rewards. 3. You have one foot in the corporate world and one foot in the world of startups/VC. The ability to make an impact in the trajectory of a company through capital and partnerships is really unique, and the sense that the executives at large corporations value and enjoy working with you is tangible and rewarding. There are definitely elements of consulting, but you are more of a VC than a consultant for sure.
Cons
Different funds have different focuses, appetite to do deals, and emphases. What you work on is often a factor of what fund you spend the most time on.