This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.
CNET News Video: Inside a 'hacker hostel'
About Video Comments (0 ) Transcript

CNET News Video: Inside a 'hacker hostel'

1:47 /

Thousands of hopeful tech entrepreneurs from around the world flock to Silicon Valley to strike it rich by launching the next killer app. Enter the "hacker hostel," a place to snooze -- and schmooze. CNET's Kara Tsuboi reports.

- Carlos de la Lama-Noriega is the head chef, cultural ambassador and manager for Startup Embassy, a four-bedroom ranch style home in suburban Palo Alto. He rents out beds to anyone coming to Silicon Valley with a dream. -All of the people are just thinking the house are like minded. They're all entrepreneurs. People sometimes want a desk and something to just work here. -A rent of $45 per night or 300 bucks per week covers a bed and a dormitory style room, utilities and access to the shared work space. -I just feel I can help others. I mean I know how other entrepreneurs are come from all fields. We just have questions and we don't know anyone to answer that, so who better to answer them that people just live that experience, right? -This is startup embassy, wall of photos and since July more than 60 aspiring entrepreneurs have lived under this roof. -Several similar hostiles have popped up throughout the valley, but this one is known for catering to an international crowd. Entrepreneur Eric Lind is from Sweden and plans on staying at Startup Embassy for 3 months. -You don't live here because it's cheap, because it's not necessarily cheaper than any other place. I would actually almost pay a premium to live in a place like this because of this network that you get. -So you build this [unk], right? -Yeah, that's right. -And by network, he says that other tenants are there to share ideas, tips and even resources like introductions to potential investors. -If I wanted-- want they wanna raise funds, I now have like 20 people that I know that come in and out of these houses that have gone through the process, that can teach me exactly on how to do it. If I hadn't stayed here, I wouldn't know them. -Room, board and connections. In San Francisco, I'm Kara Tsuboi, cnet.com for CBS News.

New releases

2014 Kindle Fire tablets start...
1:50 18 September 2014
Amazon has unveiled its all-new Kindle Fire line, with a full range of new tablets starting from the 6-inch...
Play video
Kindle Voyage: Amazon's new high-end...
1:56 18 September 2014
Amazon debuts two new e-ink readers for 2014: the high-end Voyage and the new entry-level touch-screen Ki...
Play video
Tomorrow Daily 053: Incredible...
23:43 18 September 2014
On today's show, we jump on the hype train for THAW, MIT's seamless multiscreen project, watch a 3D-printing...
Play video
Make text bigger in iOS 8
0:40 18 September 2014
Learn how to make the font size larger in iOS 8 for iPhone and iPad.
Play video
Use interactive notifications in...
0:53 17 September 2014
Learn how to use Apple's new actionable lock screen notifications in iOS 8 for iPhone and iPad.
Play video
Save battery life in iOS 8
0:47 17 September 2014
Learn how to view which apps are draining your battery most in iOS 8.
Play video
iOS 8 gives Find My iPhone a b...
1:02 17 September 2014
Two key features in iOS 8 increase the chances you'll reclaim your misplaced iOS device.
Play video
Amazon's new Kindle and Facebook's...
2:52 17 September 2014
The Kindle Voyage e-reader leaks early on Amazon, and Facebook reportedly works on an app called Moments....
Play video