Valleywag
crash this bash
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commenter of the day
Antilles_Prime
Did you copy an existing popular website and sell it off to a big corporation too dumb to realize what's going on? Twice? Xochi Birch did, first with Ringo and then Bebo. Today's featured commenter, Antilles_Prime, explains the kudos she's earned: More » -
xochi birch
Bebo founder admits her fortune came from ripoffs
Imitation is the sincerest form of getting rich. MySpace got bought early, on the cheap; Facebook has yet to cash out. Michael and Xochi Birch's sale of Bebo, a social network more popular overseas than in the U.S., to AOL for $850 million has been the best social-network cashout to date. And how did they manage it? Shamelessly copying other sites, Xochi Birch admits to the BBC. More » -
real estate
Bebo cofounders buy $29 million cabin on a hill
Well, it's on a hill, but it sure ain't a cabin. Instead, Bebo cofounding couple Michael Birch and Xochi Birch have purchased a $29 million manse in Pacific heights on the corner of Broadway and Broderick. It looks like the Birches purchased the property from one William Mathes, a managing partner at Behrman Capital. Mathes originally purchased the lot for a mere $3.25 million back in 1998. -
Barely legal billionaires insist there's tons more money to be made
21-year-old billionaires in the making? To tell the truth, the youngest Forbes has come up with in the past decade was Elon Musk at 27. That was back in 1998, with only $22 million. Musk's face is more lined, but he still isn't a billionaire, even after cashing out from PayPal's sale to eBay. Forbes at least has some standards — only reason I can imagine Zuckerberg isn't in the piece is because his share of Facebook's valuation is still mostly theoretical. As for Bebo's Michael and Xochi Birch? They're back to their birthday announcement and e-card concern BirthdayAlarm.com, not content with a cabin in the hills at all. (Photo by Ryan Anson/Bloomberg News/Landov)
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michael birch
Even Bebo's cofounder thinks AOL's $850 million is a joke
Poor AOL CEO Randy Falco. He believes that acquiring the social network Bebo for $850 million put AOL in a "leading position" in social networking. Everyone else thinks the buy was a joke — including Bebo cofounder Michael Birch. Asked at an event yesterday about the purchase price, Birch said, "850 million is an interesting number. It's a lot bigger than some numbers and a lot smaller than some numbers. It's not a prime number." Asked how AOL bid itself up to $850 million, Birch said $800 million of it was due Bebo's popularity in Fiji. "Fiji is an up-and-coming market," the Birch told the crowd. Don't wonder why he's so giddy. Birch and his cofounder, his wife Xochi, earned $595 million on the deal. -
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jackpot
Bebo founders earn $595 million, enough to buy a haircut
Michael and Xochi Birch met in a London pub back in 2005. Later, the pair decided to launch a social network from their San Francisco living room. About 40 million people signed up and two years later, AOL plunked down $850 million to buy the site. The Birches, who reportedly owned a 70 percent stake in the company, walk away with $595 million. Our advice for the first few dollars spent, below. More »
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