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While I'm not running a startup, I can vouch for your method. I did the same for 3 years in South America, except instead of hostels, I rented rooms on a month-

While I'm not running a startup, I can vouch for your method. I did the same for 3 years in South America, except instead of hostels, I rented rooms on a month-to-month basis. I was also never rich doing it, nor did I come close but I must say it was pretty sweet. I'm currently working on the details of my next stint abroad.

sushimako 14y ago
You're right, forgot to mention that. If you're staying somewhere for a longer period (>1month) it's usually better to rent. In peru e.g. you can get a room in a good location for 100-150usd/month (except for lima problably which is pretty much the most expensive area around peru according to my experience).