Gadgetory

carlos de la lama Noriega is the head chef cultural ambassador and manager for start-up 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 abstaining the house are like-minded they're all intrapreneurs people sometimes want a desk and something to just work their rent of $45 per night or 300 bucks per week covers a bed in a dormitory style room utilities and access to the shared workspace I just felt I can help others I mean I know how other entrepreneurs that come from world feel we just have questions and we don't know anyone to answer them so who better to answer them the people that just live that experience right this is startup Embassy's wall of photos and since July more than 60 aspiring entrepreneurs have lived under this roof several similar hostels have popped up throughout the valley but this one is known for catering to an international crowd entrepreneur Erik Lind is from Sweden and plans on staying at startup Embassy for three 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 but you see you build this robot 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 one day want to raise funds right now I'd like 20 people that I know that are coming in and out of these houses that have gone through the process I can teach me exactly what 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