The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20 VC 060: 12 Acquisitions, $1bn In Exits, Mike Jones, Former MySpace CEO on Life At Science Inc.
The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman.
If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.
Show Notes
Mike Jones is the Founder and CEO at Science Inc. a disruptive media, marketing and commerce company that creates, invests, acquires and scales successful digital businesses. Their incredible portfolio includes the likes of Medium, DollarShaveClub and DogVacay and their leadership is responsible for an astonishing 12 acquisitions and over $1bn in exits. Prior to Science Inc, Mike was the CEO at Myspace, where he was responsible for the relaunch, one of the most high-profile turn-around challenges in the industry, before selling MySpace to SpecificMedia on behalf of NewsCorp. Mike is also an active early stage investor having personally invested in over 30 startup businesses including Klout, Betterworks, Formspring, ShoeDazzle to name a few.
In Today's Episode You Will Learn:
1.) How Mike began his entrepreneurial career, how MySpace came about then how Mike made the move to Science Inc?
2.) What is the mission at Science, what does Science provide and how do they differ from the likes of YC and Techstars?
3.) Science have a specific methodology to identify the best startups and the best sectors. What is involved in this methodology? Has it changed since the start of Science?
4.) What can a startup founder do or show you to impress you? Are there any real red flags for you when meeting startup founders? What are the commonalities of the great founders?
5.) What is Science's involvement with the companies, what are their key value adds at Science?
6.) On Twist Mike said ‘growth is the most important thing, without growth there is no money’? So what at Science how do they approach growth and what are the challenges posed by this need for growth?
Items Mentioned in Todays Episode:
Mike's Fave Book: The Power of Habit: Why We Do What We Do by Chris Duhigg
Mike's Fave News Source: FlipBoard
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