SummaryBy William Channer | 16 Jan 2012 | Length: 26 mins Michael reveals what happens when you sell your startup and the things to avoid. He talks about dealing with lawyers, the valuation process and what he has learnt from Bebo.
The Process of Selling your Startup
Don’t give up. Building a successful startup is like waiting for a bus. Bebo was our third attempt. It’s only a matter of time until the right one shows up.
Michael Birch is currently the co-founder of Monkey Inferno, a personal incubator working on consumer internet and mobile ideas in parallel. Amongst his successes are Bebo, which he founded with his wife Xochi in 2005 and sold to AOL three years later for $850 million. Their combined 70% stake yielded a profit of $595 million from the deal. He has also invested in Pinterest, Mixpanel, SwipeGood, Slice, Friend.ly.
Born : July 7th 1970, Cambridge
Education : Physics at Imperial College, London
Favorite Book : Charlie and the Chocolate Factory - Willy Wonka was a great entrepreneur
Favorite Film : In Bruge
Favorite Gadget : Mac Air
Favorite Meal : Indian in the UK, Japanese in the US
Favorite Music : 70's Rock
Favorite Place : Bideford, Devon
Favorite Software : Internet Browser
Favorite Website : Gmail
First Job : Sawmill
Role Model : My father