- Startups - Mike Jones of Science - TWiST #285

1:00 Welcome everyone, we're excited to have Mike Jones of Science on the program today

2:30 Thank you to Sourcebits for supporting the show! Everyone check out the app they built, Skinz Golf, and be sure to thank them @Sourcebits!

5:00 Mike, we met back in 2005/2006, yes?

6:30 What's the difference between running a service type business and a company that builds something?

8:00 How long did you stay at AOL for?

10:00 How did the meeting with Bebo happen?

11:15 Is YouTube the best acquisition ever in the Internet space?

12:15 How do you look back on your time at Tsavo?

13:30 What was your time at Myspace like?

14:15 Did you think you could turn it around when you came in?

15:30 How much of Myspace's issue was lagging behind technically?

19:15 What do you use Path for?

22:15 Thank you to GoToMeeting! Everyone sign up at gotomeeting.com and use the promo code START for a free 30 day trial.

24:30 Mike: I committed to Myspace that we would either get it turned around or sold.

26:30 Do you have common infrastructure?

30:00 So your goal is to give good advice and not micro-manage the companies coming out of Science?

31:30 Do you think that venture funding is broken in some ways?

34:15 Why are people so down on companies like Zynga and Facebook and Groupon?

37:00 What is the fundamental nature of entrepreneurs that makes them successful?

39:00 How do you select which companies to work with at Science at what are the deal terms?

42:15 Is being a founder a young person's game?

45:15 Which companies from Science have had the most traction?

48:30 In five years, what statements will be true if you've succeeded in your mission?

50:30 Question from the chat: If Mike had to choose between young and hungry entrepreneurs and those older and more experienced, which would be choose?

51:15 Have you seen more women applying to Science?

54:00 How many deals do you think you'll do this year?

56:30 Why are you so heavy on the commerce side?

59:00 What would increase a young entrepreneur's chances of getting into Science?

1:02:00 If you want to follow Mike on Twitter, he's @mjones.

1:06:00 Thank you for joining us today, Mike. And thank you @sourcebits and @gotomeeting for supporting this show!

Support This Week in Startups and independent media by joining the TWiST Producer Program at TwistList.co!

Want to support TWiST another way? Use bit.ly/twistamazon when you shop and a portion of your purchase will go toward helping keep independent media like TWiST on air!

Keep up with the latest from our sister company, LAUNCH:

Good to Great to Excellent: A Roadmap

http://www.launch.co/blog/good-to-great-to-excellent-a-roadmap.html

Building a Better Techmeme

http://www.launch.co/blog/building-a-better-techmeme.html

LAUNCH Looking for an Awesome Full Stack Engineer/Developer

http://www.launch.co/blog/launch-looking-for-an-awesome-full-stack-engineerdeveloper.html

Live Blogging LAUNCH Education & Kids - Day Two

http://www.launch.co/blog/live-blogging-launch-education-kids-day-two.html

FOLLOW ON TWITTER

Jason: @jason

Tyler: @steepdecline

Mike: @mjones

GoToMeeting: @gotomeeting

Sourcebits: @sourcebits