Science approaches startups like a movie studio approaches making hits.
“Science, the Santa Monica, California, incubator run by former MySpace boss Mike Jones, is very different from accelerators like Y Combinator and TechStars in most respects.
But in one important way, money, it’s gaining traction similar to those programs. Science is in the process of raising $30 million, TechCrunch reports. That would add significantly to its pile of capital for investing in startups. And Science already has a pretty big war chest, having raised $10 million from investors including Google Chairman Eric Schmidt, and another $30 million from Hearst Media Corp…”