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

Basis Peak aims to track your health...
1:19 September 30, 2014
A whole new design, improved heart rate tracking, and you can swim with it: the Peak aims to fold sleep, fitness,...
Play video
Tomorrow Daily 059: Wearable drones,...
25:37 September 29, 2014
On today's show, we check out a wearable drone named Nixie, watch realistic cars race the Nintendo 64 version...
Play video
Sense's Mother hub wants to control...
1:39 September 29, 2014
Creepy marketing aside, the $299 Mother home automation kit by Sense is a really solid smart home option.
Play video
Behind Ello hype, a Facebook rebellion...
2:55 September 29, 2014
The new Ello social network sees a spike in sign-ups, Facebook copies Google's Auto Awesome Stories, and GoPro...
Play video
On the road: 2015 Mustang
6:10 September 29, 2014
Brian Cooley test drives the 2.3L turbo four engine 2015 Mustang in Malibu, Calif., and tells you what Ford...
Play video
LG G3 vs. Samsung Galaxy S5
6:51 September 29, 2014
It's an epic Prizefight between two of the top Android phones on the market that brought big screens before...
Play video
Smarter Driver: Neck restraints...
3:14 September 29, 2014
It wasn't that long ago cars didn't even have headrests​. but ​today's cars are a much safer spot for your...
Play video
Car Tech 101: Dual exhausts de...
5:41 September 29, 2014
Brian Cooley visits Johnny Franklin's Muffler in San Rafael, Calif., and shows you how a dual exhaust system...
Play video