In the quest for starting up on the cheap, young founders are taking living lean to a whole new level.
To both surround themselves with their startup and live cheaply to keep from burning through spare funds, today’s young founders are increasingly bunking up with each other — choosing to save on rent and office space by living and working under one roof or flocking to off-price hostels.
These so-called “hacker hostels,” where young techies sleep in bunk beds and write code in common areas, generated national buzz recently following a New York Times article on the phenomenon. At Chez JJ in Mountain View, Calif., for instance, aspiring entrepreneurs enjoy affordable accommodations — rooms list on Airbnb for $42 to $128 per night — along with the chance to make connections in Silicon Valley’s startup scene.
To read the full, original article click on this link: A Look at the Surge in Residential Incubators
