Transparency is a noble goal but a substantial part of this offer letter boils down to the counter-party in a financial transaction offering you financial and l

Transparency is a noble goal but a substantial part of this offer letter boils down to the counter-party in a financial transaction offering you financial and legal advice. That's a bad practice in transactions and makes this letter seem more like a sales tactic than something truly open. The letter would be stronger if they just presented the facts (like revealing the cap structure, which unusual and interesting) and referred you to a neutral 3rd party for how to evaluate those facts. By the way this letter seems to be incomplete because it has no reference to assignment of technical inventions or protection of trade secrets, which is de rigeur in most tech firms. There's also no mention of binding arbitration in the event of disputes. In the event the latter is not an omission and they do not attempt to impose arbitration I would say these folks are good eggs. The fact that they don't try to evade legal requirements would have more value to me than anything else in the letter when judging them as an potential employer.