.. Steve agrees with me!
found a nice quote in continuation with the thoughts in my previous post:

employees are the MOST important asset of a startup… it’s worth your time to spend a lot of your time to find the most passionate resources!
In our opinion, resumes are memories from the past. We DO NOT use them. Actually, we hate them ☺Much rather, we use a live coding assignment to assess the technical acumen of prospective candidates. We make sure that we include atleast some porition of a new technology into the test. This helps us to also determine the motivation of candidates to self-learn: a core skill required in any startup development team.
In our face-to-face meetups, we focus on two things: (a) the ability of a candidate to quickly grasp on conversations: can he or she pick up on interview discussions, and understand what’s going on! And (b) their overall fitment into the team. To determine this fitment, we try and judge if we can picture the candidate in the same conference room with all of us co-founders, and have the same level of conversation with him.
-Pranab @ ZipBoard