Shastic interview questions

1st: HR Discussion This would be a normal discussion asking your background, work experience, and salary expectations. 2nd: Technical Discussion This would be an interview with their technical guy asking a few ruby and rails questions and some database schema problems. These are average level questions. 3rd: Code Exercise You need to work on a ruby exercise building a plain ruby app. It has two parts. They have estimated complete exercise to 12-16 hours. But it takes 40-50 hours approx. Although they give enough time to complete it. 4th: Interview with CEO This round is just to grill you with irrelevant questions and then reject you. They need a guy who can work both as a developer and product manager and can lead a team also. But they can't even pay $3k for 5 years experienced RoR developer. After spending 50 hours on their exercise, and the whole process almost took 1 month, they ask me to join in lesser than my current salary, even if they asked my current and expected salary in the first HR discussion.