OpenTable

• Location is good - close to BART
• The stock was high - it could go there again
• They don't seem to care if you don't work long hours
• Most of the employees are cool and competent
• The company has a great market niche

• The engineering VP rules by fear
• One of the engineering directors is the most inaccurate yet condescending person who you will ever meet (i.e. he is frequently wrong and talks down to you even when you are right; it's quite amazing)
• You won't be trusted to think and do a your job without being micromanaged
• Favoritism is frequent and out of control
• You will be sacrificed to 'the bus' and demoted if a manager needs to lay blame on someone else (even if said manager was micromanaging you)
• The technology is about 10 years behind current times and no one in management is in a hurry to change that

Take a serious look at your engineering management. Talk with the employees; people are unhappy and your engineering department is on a collision course with disaster. It's not too late to fix this, but it's getting there. I'd suggest firing the top two (maybe three) tiers of engineering management and bringing someone in from outside who can get things done the right way. You have capable engineers, and they aren't being given a chance to do great things for you.