Science takes movie studio approach to startups, raising $30M

Science approaches startups like a movie studio approaches making hits.

From Upstart:

“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…”

Read Full Article [web]
Science Inc. [web]

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