For one thing, Daily (intentionally) doesn't have a lot of junior engineers, so I don't really know firsthand how they feel about the system. It may well be that this appeals more to mid-career people with families and other life to worry about.

But consider that Daily is fully remote, hires globally paying SV-level salaries, doesn't do whiteboard torture interviews, and has an interesting product space where you can make a visible impact. I'd imagine this combination would be appealing to early-career people, especially if they don't live in a FAANG hiring market or aren't set on acquiring that kind of résumé.