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Important background info: I am asking this question on behalf of friends who are not (yet) on FD (but I'll definitely recommend that they join the site even if they don't need to find co-founders).
I personally found the conditions pretty bold (the Community Manager is supposed to work 4 months, and thus can expect to make up to $125K in that timeframe), but I'm no expert in that field. Looks like they're getting abused big time. Thanks all for the (expected) feedback!