E285: Mike Jones of Science – TWiST



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Today on This Week in Startups, we welcomed serial CEO, entrepreneur and investor Mike Jones to the program. Once the CEO of Myspace, Mike now runs the incubator/accelerator Science.

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!

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Jason: @jason
Tyler: @steepdecline
Mike: @mjones
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Special thanks to the members of the TWiST Backchannel Program!

Executive Producers


Associate Producers

  • Brad Pineau
  • Kat Ganesan
  • Nicholas Christian
  • Mau Frontier
  • Kyle Braatz
  • Serena Ehrlich
  • JD
  • Alex Lotoczko
  • James Kennedy
  • Benoit Curdy
  • Asher Nevins
  • Mike Kaltschnee
  • William Doom
  • David Lee
  • Jake Kerber
  • Sarp Coskun
  • Giuseppe Taibi
  • Tyrone Rubin
  • Keno Vigil
  • Paul Peters
  • Jamal Waring
  • Nick Ostroff
  • Alex Binkley
  • John MP Knox
  • Bryan McCormick
  • Marcos Trinidad
  • Allen Cordrey
  • Daniel Mich
  • Joshua Rosen
  • Grant Carlile
  • James Smith
  • Christopher Rill
  • Elliot Myhre
  • Nihon Giga
  • Nathan Gielis
  • Greg Meadows
  • Rick Cartwright
  • Jacques Struwig
  • Robert Ward
  • Adam Gering
  • Shelley Gaskin
  • Jim Shute


  • Ryan Hoover
  • Michael Cranston
  • Josiah Thomas
  • João Fernandes
  • Petrus Theron
  • Michael Wild
  • Dale Emmons
  • Tim de Jardine
  • Alejandro Vasquez
  • Milan Babuskov
  • Chris Rowe
  • Nelson Melo
  • James Dawson
  • Toddy Mladenov
  • Daniel Torres
  • Chris Macke
  • Piotr Zuralski
  • Armand Konan
  • Brian Vogel
  • Paul D
  • Jennifer Sun
  • David Kolb
  • Sue Marrone
  • Eugene Granovksy
  • Will Blackton
  • Ryan Dodds
  • Brett Arp
  • Jason Cresswell
  • Edwin Orange
  • Daniel Bradley
  • Shawn Daniel
  • Priidu Kull
  • Patrick Desroches
  • Alex Lam
  • Paul Secor
  • Ryan Urabe
  • Madhu R.
  • Paul Ardeleanu
  • Ian Thomas
  • Manny Alarcon
  • Charlie Osmond
  • Christopher Smitley
  • Roshan H.
  • Barcy Cordrey
  • Matt Beaubien
  • Matthew Smith
  • Oscar Bueno
  • Tim Hoyt
  • Ian Gerstel
  • Taphon Maddison
  • John Bradley
  • Luigi Armogida
  • Dave Ferrara
  • Janus Lindau
  • Chris Mancil
  • TR Ludwig
  • Giles Thomas
  • Jason Cartwright
  • Michael Del Borrello
  • Joshua Rosen
  • David Karlberg
  • Marcus Schappi
  • Justin Furniss
  • Mike Hauck
  • Jess Bachman
  • Isaac Hill
  • Robert Haydock
  • Dan Sfera
  • Flaviu Simihaian
  • Kiko Cherman
  • Chandra Siva
  • Kasper Andkjaer
  • Zach Woodward
  • Chris Galasso
  • Chad Olsen
  • Michael Grabham
  • John Shiple
  • Gregory Hoffman
  • Chris Rickard
  • Eskil Steenberg
  • Jay Moran
  • Karim Sarkis
  • Michael Davidovich
  • Petru Marchidan
  • Sam Drzymala


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