Pros
There's no structure or management, so no one really monitors what you do.
Cons
I do not even know where to begin. The CEO is an incompetent nightmare with absolutely no idea of how to run a business. He is just a rich kid playing magazine, ruining people's careers along the way. There is absolutely no structure or organization at this company. The CEO drives people to not care and eventually leave, or he fires them for no reason. The turnover at this place is unreal, as no one can stand to work under such a horrible micro-managing boss. He can not comprehend what anyone's role is, therefore treats everyone like his personal assistant. You constantly have to justify why your role is necessary and are in constant fear of being fired. On top of that, you will receive emails and texts at all times of the day (CEO does not sleep, so through out the night) and on weekends and holidays and are expected to answer.