Mike Jones Launches Technology Studio Science In LA With $10M From Eric Schmidt And Others

Serial entrepreneur Mike Jones has led and help found a number of companies. As CEO of Userplane, AOL acquired the company in 2006. After leaving AOL, Jones started Tsavo Media, which was acquired by Cyberplex for $75 million. And in Jones' latest role, as CEO of flailing social network Myspace, the company was bought by Specific Media in June. Jones subsequently left, and today, is officially announcing his next venture. He's launching a new Betaworks-like technology studio/incubator in LA, called Science. Jones has received $10 million in backing from a number of well-known investors including Eric Schmidt's Tomorrow Ventures, Rustic Canyon, White Star Capital, The Social+Capital Partnership, Tomorrow Ventures, Jean-Marie Messier, Philippe Camus, Jonathan Miller and Dennis Phelps.

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