Calacanis is looking for developers, where he describes how awesome working for him is even though he won't be compensating you for it:
Seriously, I don't care if you wrote the book on Python or MySQL… if you're not a hardworking maniac who is hungry as hell you're of no use to us. We need killers. So, if you're a killer who wants crush it with a bunch of killer who already crushing it send me your resume.
1. We pay about 15% less than the best programming gig, but we give stock options and the ability to learn a lot. If you're driven by cash comp this isn't the gig for you.
2. We have a full-time chef that serves health breakfast, lunch and snacks daily. No one else n Los Angeles does this.
3. We'll clean your car for you and do your laundry–literally. Seriously, we don't want you thinking about doing your laundry, cleaning your car or what you're doing to eat–let alone spending time on that non-sense.
I thought that this dotcom approach to building a new company was history, but I guess not. Basically what he's suggesting is that you work for less than you're worth because he'll give you food and stock in a company that isn't public, and giving up life balance is totally worth it because you get to work for him and that's super awesome.
I don't get it at all. What entices people about this? From the individual end, I've worked in this environment, and it's not sustainable or fun. The start-up I worked like this was awful, and everyone was burned out and unhappy. Not to mention, one hiccup in the business and people start losing their jobs. You can't sustain that.
From the company end, why is it a good idea? There's no end point other than selling the company. Calacanis has done this exactly once and has been riding that wave ever since. Weblogs, Inc. and its properties have been completely turned over and none of the original folks are involved. The people have nothing to do with the company anymore. What is the fate of the people working for Mahalo?
A start-up doesn't have to be that. I've since worked for a few others, and ICOM in particular was one of the most sane environments I ever worked in. The smart people were there because they enjoyed the business, they were taken care of and were able to maintain a real life. The suggestion that you have to be uncomfortable to succeed and innovate is ridiculous. Just look at Google... those folks are made extremely comfortable, and even given a day a week to mess with whatever they want (and that's why we have Gmail).
I just really hate seeing job ads like this. It's one step away from those you see for graphic designers, wanting something for free because it will "add to your portfolio." Maybe that's the case, but it'll also subtract from your soul in the long run.