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The atmosphere feels very free, there are quite a lot of young people in the company, and the office is conveniently located.
It sounds like a lot of things have to be started from scratch, with few systems or regulations in place. To put it nicely, you can decide for yourself how to establish the systems and play God, but in reality, it is probably just the chaos typical of various startups.
The salary and benefits are not competitive. If you want to attract experienced talent, you shouldn’t offer only peanuts.