Technology

The business and culture of our digital lives,
from the L.A. Times

Former Myspace CEO Mike Jones launches tech studio in Santa Monica

Former Myspace Chief Executive Mike Jones on Wednesday launched Science Inc., a Santa Monica tech studio that aims to develop, provide guidance for and fund start-up companies.

Mike jonesIn an interview, Jones said he thought there was "an efficiency to be gained" in how emerging tech companies are created and built, and noted that Los Angeles has a less mature and established angel market, which can often hamper companies with fresh ideas.

"Access to early capital and mentorship and advice and strategic development is very much limited in L.A. compared to Silicon Valley," he said. "We felt we saw really interesting talent in L.A. that was having a hard time getting through the formative stages in the business."

Science will take an approach practiced by movie studios, conceiving and building its own companies in-house as well as helping already-established companies. It plans to shepherd entrepreneurs through product design, business strategy, marketing and business development. Jones added that unlike other tech studios, Science would work with the companies "for the entire life cycle of the business."

"We look at this as a long-term portfolio, not a term-based business," he said.

Science is backed by investors including Rustic Canyon, White Star Capital, the Social+Capital Partnership and Tomorrow Ventures.

RELATED:

L.A.-based KarmaGoat lets their consumers sell goods for charity

Elevator Labs: an L.A. start-up building L.A. start-ups

Facebook co-founder Dustin Moskovitz unveils new company, Asana

-- Andrea Chang

Photo: Mike Jones, former chief executive of social network Myspace, is the founder of Science. Credit: Science

 
Comments  ()

Connect

Recommended on Facebook


Advertisement

In Case You Missed It...

Videos

How to Reach Us

To pass on technology-related story tips, ideas and press releases, contact our reporters listed below.

To reach us by phone, call (213) 237-7163

Email: business@latimes.com

Andrea Chang
Armand Emamdjomeh
Jessica Guynn
Jon Healey
W.J. Hennigan
Tiffany Hsu
Deborah Netburn
Nathan Olivarez-Giles
Alex Pham
David Sarno


Categories


Archives