Steps taken:
sudo apt-get update;sudo apt-get install unzip zip make
cd ~
wget http://www.byond.com/download/build/501/501.1217_byond_linux.zip
unzip *
cd byond
make here
source /home/ripperman5/byond/bin/byondsetup
To test:
DreamDaemon
OS: Ubuntu 12.04 Server LTS
stat DreamDaemon