Mike Jones Launches Incubator
November 16th, 2011
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Science, Inc. (www.science-inc.com), a new technology studio, launched today with a mission to create and acquire and then scale successful digital businesses by bringing together the best ideas, talent, resources and financing through a centralized platform. Founded by Michael Jones, former CEO of Myspace, Science focuses on three things: developing new businesses, providing emerging startups with operational advice and capital, and transforming later-stage Internet assets with new talent and innovation.
Science has assembled a management team of seasoned entrepreneurs who together have deep knowledge of all aspects of Internet businesses and can provide optimal guidance for startups accelerating growth. Similar to the approach successfully practiced by movie studios, Science conceives and builds its own companies in-house as well as partners with the best and brightest Internet start-ups to help build their companies. In addition, Science takes an operational and investment role in selected startups and later-stage asset acquisition opportunities.
“The landscape for starting and growing digital businesses has changed considerably. The increase in angel and seed funding, along with the decrease in cost and time to test and launch businesses, have contributed to a much higher rate of innovation,” said Jones, CEO of Science.
Science is backed by a group of top institutional and independent investors, which include: Rustic Canyon, White Star Capital, The Social+Capital Partnership, Tomorrow Ventures, Siemer Ventures, Philippe Camus, Jean-Marie Messier, Jonathan Miller and Dennis Phelps.
“Science is pioneering a new model for building the leading digital companies, working from new ideas with leading entrepreneurs as well as transforming larger online assets that have seen growth stall. This is a wide open market and Mike is leading a very talented team to capitalize on it,” said Nate Redmond, Managing Partner, Rustic Canyon.