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I've done both large companies, small startups, did freelancing, anything for a paycheck. I now am a engineer for a major company with 10k employees and there's so much that I picked up that would have made my life easier when I worked at a small company.
At a small startup, I absolutely was the jack of all trades developer. Everything from setting up infrastructure to web development. I was paid well but I didn't feel like I knew anything. We were always in rush mode. I remember working 60hr weeks for months because we had so little revenue and we're trying to save the company.
At a small company of 20 ppl, I was senior developer #3. There were only three developers. All seniors apparently, but paid like 30% less than our counterparts in other cities. The drama was so stupid. Everything was done because "That's how we did it." So much reinventing the wheel. The lead senior belittled and was a awful human. When I quit and joined my current job, he asked me for a recommendation. I still gave it, but he failed the first round of technical questions.
The cons of working at a small company?
Too many hats.
You are in charge of the domain. If you take two weeks off, you will get phone calls.
It's only as good as the experts involved. Good Project managers and testers are a godsend and may not exist in small companies.
I was paid well but being in revenue talks and the "we have two months of runway before the whole company shuts down" is so incredibly stressful.
There's pros too. But at my experience level and current lifestyle, I love turning off my laptop for the day and coding my own stuff on the side.