The pay: you will make far less than at competing companies for the same amount of work. They'll also claim that commissions are "uncapped" yet they have full control on the budgeting process and it isn't an even playing field. As you build a book of business, they'll continue to lower the percentage you're paid per deal because you have more "capacity," so there's no incentive to work hard because you'll just have a higher budget year after year to make the same (or less) than the previous year!
The culture: they'll claim they spend tons of money to have a better culture. Firstly, I'd much rather get paid a fair sales wage than sift out my pay to have one week per year where you can win a $10 gift card at a company BBQ or a 15 minute massage. Secondly, you only benefit from this "improved culture" if you pander to leadership about how you're really making a difference in your community by having a bake sale and donating the proceeds. Then you can have your trip to Kenya subsidized by all the other employees who are making less than they should.
The truth: come work here if you want to be treated like a child and make far less than market value for your time and talents. These people don't understand the value of a good salesperson. They don't understand that their entire business revolves around the sales (recruiting) process. Unless your goal is complacency (you'll be surrounded by plenty of people here that fully embrace that mantra), take my advice and find an employer that will value you. You will be treated like a child from day one that can't handle his own business. If you value autonomy and being treated like an adult, search elsewhere.