Yes, absolutely. Google is legendary for this. They are turning off not just talented applicants, but presumably applicants with other options and applicants

Yes, absolutely. Google is legendary for this. They are turning off not just talented applicants, but presumably applicants with other options and applicants with a good dose of self-respect who won't put up with such a long, impersonal process. I've been in the world of 20-to-30-person start-ups for the last several years and seen some amazing recruiting processes. Emails to new leads are personal, not copy-pasted, and take context into account. Phone screens weed out all but the most likely applicants to work out. On-site interviews are a chance to get to know the team. Offers are made quickly, even same-day.