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.
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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 -- -- beds to anyone coming to Silicon Valley with a dream. All of the people are extinct in the house are -- my that -- -- the progress. People sometimes want that this could something from. Just -- their rent a 45 dollars per night or 300 bucks per week covers a bed in a dormitory style room utilities. And to access to the shared workspace I just felt I can at all in all although -- depends -- -- field. -- -- -- Questions. And without knowing what what -- So who picked -- lots -- and the people just knew that experience right. This is started embassies wall of photos and since July more than sixty it's our content partners have lived in this proof several similar hostels have popped up throughout the valley but this one is known for catering to an international crowned entrepreneur Eric -- from Sweden and plans on staying at -- embassy for three months. You don't -- because it's cheap because it's not necessarily cheaper than -- -- -- place I would actually almost a premium to this. Because of this network that yet it -- the -- development. And by a network he says that other tenants and they are to share ideas tips -- even re sources like introductions to potential investors if I want when they wanna raise funds right now I'd like twenty people that I know the coming in and -- houses that have gone through profit they can teach -- exec -- to do it. If I hadn't state area I wouldn't know them room board and connections. In San Francisco and car -- tsuboi cnet.com for CBS news yeah.
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