Michael Birch's first social networking sellout a blowout

In 2003, social networking was not yet faddish. Michael Birch sold his self-admitted Friendster clone, Ringo, to online dating site Tickle for a pittance. He came to see that as a mistake, and went on to found Bebo, which he sold to AOL for a giggle-inducing $850 million. A cautionary tale for AOL: Tickle, now a…