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Real Estate
Bebo cofounders buy $29 million cabin on a hill

By Jackson West, 10:00 AM on Fri Oct 3 2008, 2,194 views (Edit, to draft, Top, Slurp)

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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.

More about Bebo

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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 »

Read More: Real Estate, Bebo, Michael Birch, Xochi Birch, Behrman Capital, William Mathes, Valleywag

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