Laura Morton

WILD WEST TECH

Tales of enormous fortunes born out of the technology industry have brought a new gold rush that has gripped San Francisco and the Silicon Valley. Many young dreamers are flocking to the area with the hope of launching a successful start-up or striking it rich by joining the right company at the right time. 

These individuals work long hours to build their companies.Their lives are intertwined: they live with each other, network with one another, compete with everyone, but also party together. I’ve witnessed entrepreneurs sleeping in their offices as they lacked the funds for rent. I’ve visited co-working spaces, where most of these start-ups originate from, and gained access to co-living houses – sometime referred as hacker hostels, where large groups of entrepreneurs live together in one building.  

At the moment the buzz around the industry has created an environment where venture capital firms are willing to take big risks on young techonology companies, making it one of the best times in history for start-ups to raise money. But is this another tech bubble? Can this exponential and uncontrolled growth be sustained? For every success story there are many more failures, yet most of these dreamers believe that the industry is a true meritocracy: those who deserve to succeed will do so.  

  • Guillaume Lachaud, an android engineer who builds mobile apps for Uber, works on the roof of 20 Mission, a co-living house where he was living at the time, in San Francisco, California in March 2015. Around 45 people live in the building, which is a former single room occupancy hotel that had been vacant for several years before housing the co-living community, which includes many start-up entrepreneurs. Lachaud, originally from France, is one of many young people from all over the world who have come to San Francisco to participate in the economic boom in the technology industry.
  • Participants in Cal Hacks 2.0, a 36-hour hackathon, work on projects inside the football stadium at the University of California, Berkeley in Berkeley, California, in October 2015. According to the event organizers, 2,071 participants attended from 143 schools and 10 countries. Hackathons are events usually lasting a few days in which computer programmers and others involved in software and hardware development collaborate on a project over a set period of time, often while competing for awards and prizes. They’re an important part of the technology industry ecosystem.
  • At a happy-hour event at Rothenberg Ventures, a venture capital fund that has investments in various virtual reality, drone and artificial intelligence technologies, an attendee tries on a virtual reality headset as others listen to a speaker in another room at the firm’s office in San Francisco, California in July 2015. Rothenberg, which invests in early-stage technology companies with a focus on millennial founders, started River, a virtual reality accelerator program.
  • Sandy Frank, Mackenzie Hughes and Danielle Gaglioti, seen left to right, work on a start-up called Akimbo inside the apartment that Hughes and Gaglioti were subletting in San Francisco, California in August 2014. The company, described as a career development platform,is based in New York, but Hughes and Gaglioti were in town for the summer to participate in Tumml, an urban ventures accelerator program. Frank joined them as an intern. They often worked from home depending on their meeting schedule and available transportation options.
  • Samidha Visai, center, and Anushree Vora, second from left, dance on a cruise ship while attending an early-morning dance party called Daybreaker in San Francisco, California in August 2015. The two university students from Michigan were spending the summer in San Francisco to intern at health technology start-ups. Daybreaker events, which are substance free dance parties held early in the morning on weekdays, are very popular with young technology workers. Attendees often go straight to work from the event, energized by the dancing for the day ahead.
  • Jordan Leigh, a programmer who moved from Chicago to build a sports app, eats dinner and relaxes with his housemates in the communal kitchen at 20 Mission in San Francisco, Calif., in August 2015. The co-living movement has become very popular in the region partially as a solution to the loneliness of modern-day life, the high cost of housing and the large numbers of mostly young people to relocating to the area to participate in the tech boom. The building especially appeals to recent transplants who gain an instant group of friends as soon as they move in.
  • Adrien Thibodaux, Lyrod Levy and Adrien Chometon, seen left to right, take a smoke break in the backyard of the fraternity house where Mr. Levy and another co-founder were sleeping that evening in Berkeley, Calif., in August 2014. The three are co-founders of Weeleo, a peer-to-peer currency exchange platform, and all were in San Francisco from France for the summer to participate in an accelerator program. To save money, Levy and their fourth co-founder couch-surfed for the summer instead of renting an apartment.
  • Emily Erickson (center) dances and blows bubbles during a fundraiser party for Disco Chateau, a Burning Man camp, held at the home of a technology entrepreneur in San Francisco, Calif., on Saturday, June 27, 2015. The camp members were raising money to buy more stuffed animals to bring to Burning Man. Their goal was to create a large {quote}cuddle puddle{quote} where people could cuddle with one another among stuffed animals at the annual festival. Participating in Burning Man and the culture surrounding it has become very popular within the technology start-up community.
  • Guests enjoy a birthday party held at the private loft belonging to a successful technology entrepreneur in San Francisco, Calif., in February 2014. While most start-ups fail, individuals in the industry remains overwhelmingly positive partially because the community is so tight-knit that the achievements of others are easily visible and serve as motivation. Almost everyone knows someone who struck it rich and became incredibly financially successful while working in the industry.
  • Guests enjoy an “Out of this World” theme party, which was held at the private loft belonging to a successful technology industry entrepreneur in San Francisco, California in February 2014. Guests were encouraged to dress in costumes that fit the theme of space. Costume parties are very popular within the technology industry community, partially because of the influence of the annual Burning Man Festival.
  • Ben Greenberg, one of the residents of 20 Mission, works in his room at the co-living community in San Francisco, California in July 2015. The space is a former single-room-occupancy hotel that had been vacant for several years before being turned into the co-living community. Greenberg is a programmer followed his passion for all things that glow and founded a start-up glowyshit.com where he sells glow-in-the-dark decorations and party supplies.
  • Mohammed Alkadi, Albara Hakami and Abby Wischnia, seen left to right, host a booth for their company Feelit, a social app to help people express their feelings and emotions, during the Startup and Tech Mixer at the W Hotel in San Francisco, California in March 2015. The networking event, which drew hundreds of people from the tech industry hoping to make connections, was for a time, held every few months.
  • Guests of a party to celebrate the three-year anniversary of 20 Mission, a co-living house, dance and listen to a DJ playing music using silent disco headphones in the building’s courtyard during the party in San Francisco, California in March 2015. Around 45 people live in the building, many of them start-up entrepreneurs. Impromptu gatherings happen frequently, but the community’s larger parties, which are held every few months, have made the space well known, especially among the start-up community.
  • Guests of a fundraiser party for Disco Chateau, a Burning Man camp organized by technology entrepreneur Ari Kalfayan, cuddle with one another in a pile of giant stuffed animals on the deck of the home Kalfayan shares with roommates in San Francisco, California in June 2015. The camp was raising money to buy more stuffed animals to bring to the Burning Man festival for a {quote}cuddle puddle{quote} where people could cuddle with one another among the stuffed animals. The party, held during the annual San Francisco Pride weekend, also served as a pride celebration, which was made especially festive due to the Supreme Court's ruling the day before granting same-sex couples the right to marriage in the United States.
  • Attendees of the Startup and Tech Mixer, a tech industry networking event, mingle with one another on the roof deck of the W Hotel in San Francisco, California in August 2015. The event drew hundreds of attendees. While many companies could be built anywhere thanks to advances in technology, many entrepreneurs feel they need to be in the area to have the networking opportunities required to raise funding and build their companies.
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  • Andrew Hines, center, works on trying fix a problem during a beta launch party for his app Picnic with his co-founder Cassidy Clawson, second from right, at Precita Park in San Francisco, California in March 2015. Picnic is a game that involves taking selfie photos in response to challenges to act out certain emotions. The launch had to be postponed after the co-founders realized the app wasn’t working because Apple’s TestFlight program, which was necessary for the beta testing, was down and not working that day.
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  • Danielle Gaglioti, center, talks with her co-worker Mackenzie Hughes, right, and their intern Sandy Frank during a happy hour event at the co-working space Hatch Today in San Francisco, Calif., in August 2014. They were working out of Hatch Today for the summer on their company Akimbo while participating in Tumml, an urban venture accelerator program. Co-working spaces are popular with smaller start-ups, both as a way to keep office costs down and to be surrounded by a community of other entrepreneurs.
  • Participants in Cal Hacks 2.0, a 36-hour hackathon work on projects inside the football stadium at the University of California, Berkeley in Berkeley, Calif., in October 2015. According to the event organizers, 2,071 participants attended from 143 schools and 10 countries. Hackathons are events usually lasting a few days in which computer programmers and others involved in software and hardware development collaborate on a project over a set period of time, often while competing for awards and prizes. They’re an important part of the technology industry ecosystem.
  • Noor Siddiqui, Conor White-Sullivan, Dylan Enright and Karen X. Cheng, seen left to right, eat dessert during a dinner party hosted by the company WeFunder at their office in San Francisco, California in February 2015. WeFunder is a crowdfunding service that connects start-ups and investors through the internet. The company and it’s founders throw large dinner parties almost every Wednesday for friends and guests from the industry at their office, which also serves as the home of several company employees.
  • Andrew Ward, right, and Chris Cassano battle their fellow housemates with Nerf guns during an organized Nerf gun battle at 20 Mission, a co-living house in the Mission District, in San Francisco, California in July 2015. The community is home to around 45 people, many of whom are entrepreneurs. Many of the residents are close friends and impromptu gatherings and more formal parties are commonplace at the community.
  • Chris Hirst entertains guests in his “Robot Dance Party” costume during a party organized by the co-living house 20 Mission, home to many start-up entrepreneurs, titled “Too Big for Our House” in San Francisco, Calif., in July 2015. The house’s elaborate parties had been getting almost too large for their living space so they decided to rent a venue downtown to host the event. Hirst wears his robot suit, which has speakers built into it, to DJ events and parties around town.
  • A group of students from Rocket U Bootcamp participate together in a hackathon at Draper University's Hero City in San Mateo, California in November 2014. Hackathons are events usually lasting a few days in which computer programmers and others involved in software and hardware development collaborate on a project over a set period of time, often while competing for awards and prizes. They're an important part of the technology start-up ecosystem.
  • Allen Kleiner (left) and Jonathan Osacky congratulate each other while playing beer pong during a happy hour party at the office of the now defunct crowdfunding start-up Tilt in July 2015. The happy hour was a fundraiser for the organization Girls Who Code and guests were asked to make a donation through the company's website to gain entrance to the event.
  • Jonathan Dillon (center) works with his teammates on making a pet food dispendser that could be controlled remotely while participating in the Hackster Hardware Weekend hackathon at the PCH Innovation Lab in San Francisco, Calif., on Sunday, March 15, 2015. The hackathon, organized by Hackster.io, featured hardware challenges including one to create a hack for the DeLorean car. Hackathons are events usually lasting a few days in which computer programmers and others involved in software and hardware development collaborate on a project over a set period of time, often while competing for awards and prizes.
  • Lev Konstantinovski takes a nap on a break from the data science program he was attending at the co-working space Galvanize in San Francisco, Calif., in March 2015. Galvanize, a hybrid company that combines tech office space with a school, has several campuses around the country in addition to the one in San Francisco. The campus is themed around San Francisco parks, including this common area, which is built to resemble Dolores Park.
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  • Lior Neu-ner (right) cooks while his housemate Darren Lee eats dinner in the communal kitchen at 20 Mission, a co-living house, in San Francisco, Calif., on Monday, March 23, 2015. Around 45 people live in the building, which is a former single room occupancy hotel that had been vacant for several years before being turned into the co-living space. Many of the residents are start-up entrepreneurs and the community is a mix of temporary occupants with people who have made the space their home on a more long-term basis. Neu-ner was living at 20 Mission for a few months while in San Francisco to participate in a start-up accelerator with his parking app Parko and Lee lived in the house temporarily while transitioning to the city.
  • Emily Erickson, center, and her then boyfriend Sean Ahrens, second from left, host guests in their room at 20 Mission, a co-living space, during a party to celebrate the community’s three-year anniversary in San Francisco, California in March 2015. Ahrens and many of the other residents are start-up entrepreneurs and the community is a mix of temporary occupants and people who have made the space their home on a more long-term basis. The residents are allowed to decorate their room however they like and some of the long-term residents, such as Ahrens, put much effort into designing creative spaces.
  • Sean Ross (left) plays video games with his housemate Bastian Ermann while hanging out in the common room at 20 Mission with Henri Roussez (center) in San Francisco, Calif., on Saturday, December 13, 2014. The co-living house is home to around 45 people, many of whom are entrepreneurs or working in the tech industry. Most of the residents have their own room, but share the common room, one kitchen and two bathrooms.
  • Raphael Dardek, left, a co-founder of Weeleo, relaxes in the bed where he was temporarily staying at a fraternity house in Berkeley, California in August 2014. Dardek and another co-founder spent the summer couch surfing in order to save money while in San Francisco from France to participate in an accelerator program with their company Weeleo, a peer-to-peer currency exchange platform.
  • Danny Lizotte, Tim Lizotte and Colton Walker, seem left to right, check their phones while attending the Startup and Tech Mixer in support of a friend who was launching a job app at the event in San Francisco, California in August 2014. The networking event was for a time held once every few months and drew hundreds of attendees.
  • Connor McGill, second from right, smokes cigars with his co-workers on his last day of work at Hackers/Founders, an organization that helps early-stage entrepreneurs located in the Hacker Dojo in Mountain View, California in August 2014. McGill was leaving his job to pursue an undergraduate degree at UC Davis.
  • Grant Hummer, a programmer who at the time worked at the company TicketFly, relaxes in his friend and housemate’s room at 20 Mission, a co-living space, in San Francisco, Calif., in July 2014. With 41 bedrooms in the building most of the residents have their own room and can find personal space when needed, but also have the benefit of a community of friends right outside their door.
  • A participant in a hackathon organized by the company Shirts.io sleeps at her computer during the in San Francsico, California in August 2014. This hackathon lasted 37 hours and many participants stayed the entire time, taking breaks to sleep where and when they could.
  • An attendee of the Startup and Tech Mixer tries on a virtual reality product that was on display at the tech networking event at the W Hotel in San Francisco, California in August 2014. The event, which was for a time held once every few months, drew hundreds of attendees looking to make connections in the industry.
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