6
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 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

Kyocera heads for Europe with the rugged Torque
1:07 March 5, 2015
The durable and waterproof Kyocera Torque (s701) sports a 4.5-inch display and sets sail for Europe in the spring.
Play video
Gionee Elife S7 is a super-thin smartphone
1:01 March 5, 2015
This smartphone is a mere 5.5mm thick, and has a 'chameleon' app that themes your mobile around colours picked out by the camera.
Play video
Navigate your smartwatch with your eyes
1:07 March 5, 2015
Though only a prototype for now, the eye-tracking tech inside this watch could one day come to your wrist.
Play video
Fuel-cell phone charger makes its own electricity
1:23 March 5, 2015
The MyFC Jaq uses one-use plastic cards to create electricity from hydrogen. Could this be how gadgets are powered in the future?
Play video
These smart shoes track your kid's location
1:09 March 5, 2015
We check out a pair of high-tech shoes that monitor your child's location, and charge wirelessly.
Play video
Kairos mechanical watch has a 'floating' display
1:09 March 5, 2015
Wild! This classic-looking watch contains some smart secrets.
Play video
The best new smartphones in 74 seconds
1:17 March 5, 2015
Looking for a new mobile? We round up the coolest new phones that have been announced at Mobile World Congress 2015. Find out which...
Play video
The future of mobile, according to Kyocera
1:41 March 5, 2015
At MWC 2015, Kyocera exhibited some of its concept and prototype devices, including a handset with a built-in solar film.
Play video