When I first heard of the social networking site bebo.com I thought it was nothing more then a front/spam for other services. Boy was I wrong, the CEO Michael Birch has built many sites over the past few years and sold a lot of them.
Bebo has grown huge in the UK, I didn’t start watching the UK market until recently, but from what I can tell Michael has taken the company from 4 million daily pageviews to 60-75 million a day in the UK. The company has also recently taken funding to the tune of $15 million. I don’t really like the idea of taking VC money as it signals that you are most likely going to sell the company in the next 3 years. Given that Michael starts one company after the next I don’t think he cares to much… For a quick laugh take a look at alexa, suppidly 7 million pageviews a day Digg.com is 10 times bigger then 100 million pageviews a day bebo.com
Bebo just recently hired away MSN’s European sales director. and the company is expanding rapidly in all english speaking countries and now building its own Adnetwork. In the long run I think that Bebo will beat myspace. Like me the founder designed most of the site and he lives close to the data. The closer you are the raw data/traffic the more informed you are about what makes your site work and what people really want.
I also think that now that myspace is owned by news corp the founders don’t really have that much incentive to make waves and most of myspace focus is now on making money off users not making them happy. I think 2007 is going to see a big clash between bebo and myspace with bebo coming out ahead.