Of course, it could also turn out real bad, cos the one guy gets funding, and the others don't so everyone is hating on him. And then then the two guys who are at the house and discover that they are working on exactly the same ajax online calender.
Or what about the guy who came in and was working on a tool to catalogue your finger nail clippings, and this suddenly changes to a remote folder sync tool as soon as this other guy demos his own great folder sync tool.
And to top it off, you film this whole thing, Justin.tv style! It'll be great.
Have a peek at this article for inspiration: " GRUNGE INC: LIVE-IN STARTUPS COMBINE FRAT-HOUSE CULTURE WITH VENTURE CAPITAL" http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/07/30/MNGEUK86BI1.DTL&type=tech
Gotta love being young and foolish :-)