Setup Memcached

Tools you will need:
Note: if you download to ~/Downloads, the scripts below will work
Libevent 2.0.21 @ https://github.com/downloads/libevent/libevent/libevent-2.0.21-stable.tar.gz
Memcached v1.4.15 @ http://memcached.org

Installation Vars:

memc_ver=1.4.15
lib_ver=2.0.21

Set Memcached Environment

echo "" >> ~/.bash_profile
echo "# MEMCACHED DEVELOPER ENVIRONMENT" >> ~/.bash_profile
echo "export MEMC_PORT=11211" >> ~/.bash_profile
echo "export MEMC_HOME='$HOME/dev/services/memcached'" >> ~/.bash_profile
echo "export PATH=\$PATH:\$MEMC_HOME/bin" >> ~/.bash_profile
echo "" >> ~/.bash_profile
source ~/.bash_profile

Move Memcached into its home

mkdir -p $MEMC_HOME/bin
cp -R ~/Downloads/memcached-$memc_ver $MEMC_HOME/memcached-$memc_ver

You'll need to build Memcached
If ./configure fails see Setup Libevent

cd $MEMC_HOME/memcached-$memc_ver
./configure
sudo make install

Our run script

memc_bin=`which memcached`
echo '#!/bin/bash' > $MEMC_HOME/bin/memcachedrun
echo "$memc_bin" >> $MEMC_HOME/bin/memcachedrun
chmod 755 $MEMC_HOME/bin/memcachedrun