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Looking for a job but said no to an assignment

Folks, I was in talks with a company for a role and they sent this assignment. I thought a lot and declined doing it because I found it to be abhorrently long and painful to complete. Did I do the right thing or should I have considered doing it? I don't want to think that I acted as smartass. I changed the name to maintain anonymity.

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TheOatmeal

Stealth

5 months ago

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Gus

Stealth

5 months ago

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meethimutter

Student

5 months ago

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BiryaniEnthu

Stealth

5 months ago

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Pretty

Flipkart

5 months ago

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Gus

Stealth

5 months ago

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Pretty

Flipkart

5 months ago

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Sentipanda

Stealth

5 months ago

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Gus

Stealth

5 months ago

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Soprano90

Stealth

5 months ago

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ElegantDamn3

TCS

5 months ago

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Kamlesh

Stealth

5 months ago

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Kamlesh

Stealth

5 months ago

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Gus

Stealth

5 months ago

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Dinosaur89

Stealth

5 months ago

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ModiMeloni

Deloitte

5 months ago

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Sreekanth

Unnamed

5 months ago

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Student

How bad is the job market?

I am a '21 graduate from a Tier 1 college (old IIT) and have had short stints as product manager at a couple of startups. About a year back, I decided to startup but after a few months, realized that startup idea wasn't worth pursuing. Researched around a few startup ideas and finally landed upon a good one in D2C space. But the problem is financing. I don't have much saving and friends / family network wouldn't be able to finance this. I really want to pursue this idea but finance is becoming a hindrance. So started looking for job opportunities about 3 months back. I have been exploring work opportunities in product / founder office / EIR roles or other generalist role. Job hunt process has been frustrating to say the least. Getting very few calls. In most cases, people are ghosting after couple of rounds of interview or assignment. In some cases, after getting through 2-3 rounds, I got to know that opening has been closed temporarily. Most HRs don't even have the decency to give feedback. I don't intend to work in job for long anyway. As soon as I have the job, I plan to start working on my business idea and quit as soon as I have enough financial leeway. How should I go about job hunt process? I have been trying to connect with folks on LinkedIn in whose company job openings are there. Apart from this, I have been connecting with founders from recently funded startups. Naukri / Instahyre and IIM Jobs are other portals I have been looking on. Anything I should do differently here? Looking forward to hearing your suggestions / experience.