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Episode: The tech boom

Tech startups are growing rapidly and changing the way we live. In these clips, tech experts debate whether the impact of startups is good for everyone or just giving an advantage to a small portion of the population.

Clip 1

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Being competitive is very, very important, right?

The environment is an environment that actually promotes excellence and hard work, but also mission-driven people. We are looking for people that have the right fit. We are looking for people that are actually excited about what they are doing, that have the skills, but also have the passion. That’s important.

One thing that’s emerging is funneling these people outside of these computer science majors, are these coding boot camps that have been popping up all over the country and more or less teach you the basics, the skills you need to have, in like 8 weeks.

Do you have to have a 4-year degree?
It was very creative, right?

So I can tell you stories from now until tomorrow about people that eventually got hired because they were working on University Avenue and they waited there to meet someone that is working in the company, started having a conversation, came inside, and just went through not just the normal channels…

So if you don’t know somebody, stalk them.

Yeah.
Yeah! Definitely!

Be creative! Be entrepreneurial! Just hang out in front of people’s houses.

Yeah!
Until they hire you.

Be different. Be entrepreneurial. Yeah, one of the things you can do that has proven successful is building your own app.

Oh yeah.
And be known by your app.

And then you’ll make a lot more than if you got that internship.

Oh yeah!

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All content is the sole property of VICE News. Materials presented are for informational purposes only and do not necessarily reflect the views or endorsement of Bank of America. Bank of America, VICE and/or their partners assume no liability for loss or damage resulting from anyone’s reliance on the information provided.

Clip 2

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43% of Americans say that ownership feels like a burden. And four-in-five believe it’s
cheaper to share good than to own them. This is a bit of a sea change, isn’t it? These kind of results…

86% of the people in this survey said that the sharing economy makes life more affordable.

Just to take San Francisco for example, it is pretty expensive to own a car in San Francisco.

You have to pay for parking, parking is expensive. You’ll get tickets. It’s totally inconvenient too. I would say that Uber has changed the way people get around San Francisco ina huge way, and for a lot of people it’s cheaper than owning a car.

Has anyone changed their habits from owning towards sharing? Whether it’s cars…
Yeah, go ahead.

So, I recently moved and I used like three apps to move. And I monetized my closet, which was awesome.

Monetized my closet?

Yes.

What is that?

So it means like make money off of the stuff you own.

I got that much. So you sell old things or something?

One of the services I used was Style Lend. It lets you borrow and lend clothes, specifically like nice dresses. So I had all these dresses and I wasn’t wearing them, so I was like okay, I can lend them and make money.

Another one is Boxbee. So, I was moving and I needed to store some stuff, and since I was moving to a smaller room I used Boxbee and it stores all of your clothes.

Who here actually rents their house out on AirBnB? We’ll start with that.

I partly use it to pay for my rent, which is kind of ironic. My rent is high, like probably most of you, but I predominantly use AirBnB to get out of the city. Rent it for a weekend? Go camping.

Do you mind me asking how much do you rent the apartment for?

I have a 1 bedroom. I pay $2,800.

And what do you rent it for per night?

For a weekend I get about $600.

A lot of people in New York, and in cities where the rent is extraordinarily high, are using these services to actually stay in the city!

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Disclaimer

All content is the sole property of VICE News. Materials presented are for informational purposes only and do not necessarily reflect the views or endorsement of Bank of America. Bank of America, VICE and/or their partners assume no liability for loss or damage resulting from anyone’s reliance on the information provided.

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