Pros
The CEO can offer you legitimate real world advice, LISTEN to him. Although the work environment is not a typical office space, you will have your own space, and it's in an awesome area where you want to hang out after work. You are often working on projects/tasks independently- perfect for introverted people who want to expresses their own ideas. Small group of people working together makes for an enjoyable workday, as well as a good source of people to always have when you leave the job. When commuting, you are going against the normal 8am and 5pm traffic. Casual work attire for those who hate wearing heels and ties.
Cons
Commuting to old town from the city can be costly and timely. Make sure you want to commit to the time in morning and evenings. The staff will be openly ready to debate political topics, make sure you are interested in offering your opinions.