Has anyone done this before?
Yes, many of us have. It's pretty standard, depending on the job you are applying for.
I have done a few before in my career. And in two cases, I created a take-home assignment and presented it during my final interview.
Did I get the job?
Not always, although in the two cases where I created an interview project, I did get the job.
Am I wary of interview projects?
Yes, I don't mind putting a few hours of extra work into answering some questions or preparing a "whatever-is-asked-for" presentation, but I draw the line at projects that take more than a few hours.
If a company can't decide if I am valuable enough to hire, and they want to see days or weeks worth of work from me before they decide, then they can hire me as a contractor for a few months.
If a company is using a short take-home interview project to get a sense of how I think or how I would approach a problem, I have no problem with that.
Personal experience with unreasonably long interview project:
The last interview project I was asked to complete was going to take over 20 hours to complete based on what the interviewers told me. I had to prepare a complete product feature roadmap, launch, and go-to-market plan (on their product) with competitive risk factors (that had to be real, based on my independent research) and revenue model (based on numbers that I had to make up b/c the company didn't share their actual number with me). Then I had to present my plan to the Company's full executive team and their board. I politely declined to continue with the interview process.
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