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Gawker
  • Crash This Bash

    You're invited to Michael and Xochi Birch's Bebo farewell party

    By Jackson West, 6:40 PM on Wed Jun 4 2008, 2,691 views (Edit, to draft, Top, Slurp)

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    Bebo founders Michael and Xochi Birch cashed out in the nine figures with the social network's $850 million purchase by AOL. According to the invite for their farewell party, they'll be retiring to a humble, quiet cabin (which, in the Bay Area housing market, should set them back a million or two). What they aren't spending their windfall on?

    Hot air balloon rides and circus performers. But then it would be difficult to fit either into 1015 Folsom, where the party is being held tomorrow night. As for the rest of Bebo's original employees? They've all left already.

    More about Bebo

    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. 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. 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.

    Read More: Crash This Bash, Bebo, Michael Birch, Xochi Birch, AOL, Time Warner, Jackpot, Valleywag
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San Francisco, 9:58 PM
Thu Jul 9
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