
#2269 How the “My First Million” Guy Made his Money
Startup Stories - Mixergy
The Bebo Journey: From Billion Dollar Sale to New Ventures
This chapter chronicles the rise and fall of the social networking site Bebo, detailing its sale to AOL for $850 million and subsequent repurchase for just $1 million. It highlights the innovative strategies employed to revitalize the brand, including viral marketing and product development, leading to a successful exit with a live streaming app sale. Additionally, the chapter discusses the mindset shift from financial focus to pursuing passion projects and the value of personal fulfillment in entrepreneurship.
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