Since Science started in 2011, we’ve co-founded and invested in more than 70 companies and exited multiple companies including Dollar Shave Club (acquired by Unilever for $1B), HelloSociety (acquired by New York Times) and FameBit (acquired by Google). We have a track record for identifying legacy industries and creating platforms for innovation.
We believe that blockchain is the next major platform for innovation and a foundational technology – that it has the ability to change the way both business and social structures work. For this reason, we are creating a new incubator to partner with leading entrepreneurs to build a portfolio of blockchain and cryptocurrency related businesses that are positioned for long term success. We expect many of the companies will take a long journey to success, so we will work with entrepreneurs to set up their businesses with this in mind, which means appropriate legal, technical, and operational structures and controls. Like any other business, a blockchain-related business must have solid operational underpinnings to survive and thrive, and we are perhaps the best in the world at providing this guidance to emerging businesses while reducing or eliminating the common causes of startup failure.
In short, we want to use our expertise at company building to help what we anticipate will be the best blockchain entrepreneurs build the software giants of the next century. We believe our token holders should benefit from access to a stream of new tokens from our carefully incubated portfolio companies. In turn, investors should as a result, participate in any upside from ownership of the Science Tokens, as the proceeds from acquisition of portfolio companies are used to repurchase those tokens on the open market.