Chapter
The Story of How a Startup Sold for $700 Million
47:11 - 52:13 (05:01)
The co-founder of Bebo, Michael Birch, describes the experience of selling the social media platform for $700 million and the relief that came after an intense six-month sale cycle.
Clips
The social networking company grew exponentially in the first three years, setting new records every month.
47:11 - 48:58 (01:46)
Summary
The social networking company grew exponentially in the first three years, setting new records every month. After a presentation by the company president to the Time Warner board and a realization that it was time to sell, the company was acquired.
ChapterThe Story of How a Startup Sold for $700 Million
Episode#7 - The Hippie With A Billion Dollars
PodcastMy First Million
This episode discusses the rise and fall of the social media platform, Bebo, and the reasons behind its downfall.
48:58 - 50:35 (01:37)
Summary
This episode discusses the rise and fall of the social media platform, Bebo, and the reasons behind its downfall.
ChapterThe Story of How a Startup Sold for $700 Million
Episode#7 - The Hippie With A Billion Dollars
PodcastMy First Million
During this podcast, the co-founder of Bebo, Michael Birch, discusses the process of selling his social networking company to AOL for $700 million, describing the stressful sale cycle that lasted several months and the lack of emotion during the actual moment of the sale.
50:35 - 51:37 (01:01)
Summary
During this podcast, the co-founder of Bebo, Michael Birch, discusses the process of selling his social networking company to AOL for $700 million, describing the stressful sale cycle that lasted several months and the lack of emotion during the actual moment of the sale.
ChapterThe Story of How a Startup Sold for $700 Million
Episode#7 - The Hippie With A Billion Dollars
PodcastMy First Million
The host recalls James Hong from Hot or Not who used to print just the receipt of his ATM balance to show off he had a million bucks in his account.
51:37 - 52:13 (00:35)
Summary
The host recalls James Hong from Hot or Not who used to print just the receipt of his ATM balance to show off he had a million bucks in his account.