Currently I'm working in a small company (3 developers).
I think these are the pros and cons:

pros:

• Freedom (we can choose the stack, the tools, etc.)
• There is no overtime
• I'm familiar with the code base (because I wrote half of them)
• I see and experience every part of software development (design, implementation, testing, deployment)
• There is no useless meetings and other interruptions

cons:

• Worse salary (than in a big company)
• There is not many people to learn from

What do you think about it? What do you prefer?