News

Quarterly NAV Statement — January 17, 2018

JAN 17, 2018

We’re thrilled to have released our first official NAV statement, which you can read here. The NAV of each SCI token as of December 31, 2017 is $1.04, based on the NAV of the underlying VC fund, Science Blockchain Holdings, LP.

The $1.04 NAV is net of all costs related to the ICO. It is also reflective of the token issuance to the management team and advisors.

When we closed our ICO late last year, we saw Bitcoin and Ethereum were skyrocketing and hitting record highs. more

Science Blockchain Incubator Selected BY BLOCKv as First Developer-pool Grant Recipient

OCT 19, 2017

Science Blockchain, an incubator focused on sponsoring and growing leading companies in the blockchain space that recently launched its ICO, today announced that it was selected as the first developer-pool grant recipient by BLOCKv, a blockchain-based development platform for the creation of smart, secure and dynamic virtual objects.
BLOCKv developer-pool grants were created to incentivize the developer community to utilize the technology and proliferate the digital goods economy, unleashing the power of blockchain. As part of the grant, BLOCKv will contribute $500,000 of its V tokens to Science Blockchain projects over the next two years, improving the ability of Science and its portfolio companies to leverage BLOCKv technologies to create virtual goods and consumer-grade multi-media experiences called vAtoms. BLOCKv will benefit from Science’s track record and expertise in early-stage incubation and scaling businesses. Science Blockchain investors will benefit from the value its portfolio companies derive from BLOCKv’s improvements to the commercial utility of blockchain development.
“BLOCKv makes it very, very easy to consumerize blockchain applications across industries and use cases,” said Science Blockchain Founder and CEO Mike Jones. “Both Science and BLOCKv believe that applications of blockchain technology will become mainstream and support different businesses far in excess of how the underlying tech is used to date. BLOCKv’s platform helps lower the technical and interface barriers to adapting blockchain for business – a natural complement to our own investment focus – so we’re excited to be the first recipient of the grant.”

Science Blockchain Incubator to Partner with Civic

OCT 4, 2017

LOS ANGELES, CA (PRWEB) SEPTEMBER 27, 2017
Science Blockchain, an incubator focused on sponsoring and growing leading companies in the Blockchain space and which recently launched its ICO, today announced it will partner with Civic to ensure that their portfolio companies are protected by Civic’s best in class technology for identity verification as they come to market.
“The ICO market is not only growing, it is growing up,” said Science Co-Founder and CEO Mike Jones, “and that means for anyone in this space – issuers, investors, users, and certainly regulators – identity verification, security and privacy is going to be a critical issue. The team at Civic understand this better than anyone else, and we believe they have the best solution”.
While the Science Blockchain ICO is currently underway, and the composition of the portfolio will evolve, it is expected that the platform will be invested in a number of companies at a given time, in various states of maturity. As Science Blockhain’s portfolio companies come to market with their own ICO’s, Civic will work closely with them and their advisors to provide the benefits of Civic’s robust and decentralized identity verification ecosystem.
CEO Vinny Lingham said, “Delivering an efficient, effective and sophisticated solution to digital identity is a foundational problem for any modern business, something we’re unfortunately reminded of daily. We’re incredibly excited to partner with Science Blockchain at this early stage, and look forward to integrating our technology with their portfolio companies as they grow.”
“We strongly believe Blockchain will be transformative for businesses, and frankly, for societies,” continued Jones “but at a more granular level, we recognize that Blockchain technology can also be used to redefine how an investment vehicle operates for the benefit of its participants. Civic is a case in point here – the practical application of this transformative technology is going to have a clear and positive impact for the Science Blockchain incubator, our portfolio companies, and their investors.”
As Science Blockchain’s portfolio companies approach their own ICO funding rounds, they will be able to deploy Civic technology not only for token sales, but also for secure login and identity protection. Not only will these companies be able to come to market faster, they will in addition reduce the burden of the
process, complications and responsibilities that come with storing personally identifiable information.

Meet the bitcoin generation: It’s good as gold (better!) for them

SEP 21, 2017

SAN FRANCISCO — Nearly half of Americans are unsure of the legality of bitcoin, a new study this week suggests, yet a loyal group of its advocates embrace it as a symbol of financial and philosophical freedom.

“I believe there is a strong chance that it may someday revolutionize significant parts of our financial infrastructure,” says Aaron Hanson, a software engineer from Chicago.

Hanson uses bitcoin wherever he can — to buy food at an empanada restaurant, airline tickets, his honeymoon in Africa this year — listing it alongside technology and individual freedom as his three beliefs in life.

Austin Craig, a practicing Mormon who attended Brigham Young University, went a step further: He lived entirely on bitcoin during the first three months of his marriage and chronicled it in a documentary, “Life On Bitcoin”.

VentureForth with Mike Jones, co-founder & CEO @ Science Inc

SEP 12, 2017

Mike Jones is the co-founder and CEO of Science Inc, a disruptive media company, incubator, and fund that invests in, and scales early stages startups like MeUndies, Mammoth Media, Flutter, and Earny. They’re also one of America’s most successful incubators with exits including Delicious, DogVacay, and Dollar Shave Club, which was acquired by Unilever for $1B in 2016.

In this episode, we learn about Science Inc’s recently announced Science Blockchain ICO, the first ICO blockchain incubator of it’s kind. We also dig into Mike’s plans for the ICO as well as his views on how ICOs will affect traditional venture capital.

Science Blockchain To Make First Ever Tokenized Incubator

SEP 3, 2017

Science Inc.

Since its founding in 2011, Science Inc. has created and incubated over 70 companies operating out of its modern industrial office space in Santa Monica, CA. Of their portfolio companies, notable exits include Dollar Shave Club (acquired by Unilever for $1B), HelloSociety (acquired by the New York Times), and Famebit (acquired by Google).

From their very impressive track record over the past 7 years, it is clear Science is able to identify legacy industries and create platforms for innovation. However, looking toward the future – what is there to expect from Science?

Science Blockchain

Blockchain technology is latest hype amongst the entrepreneurial community. Science seeks to position themselves at its core with a new arm of their incubator called Science blockchain. Science Blockchain seeks to raise $100 million through their ICO to start a blockchain incubator. Their token yields a percentage ownership of their fund, which would be tied through smart contract to deliver any additional tokens distributed by its companies in the future.

30 Steps to an ICO (Initial Coin Offering) Identified at Fintech Week in Silicon Valley

AUG 23, 2017

Fintech Week Silicon Valley is one of the best places to mine for cryptocurrency trends. A few months ago, the price of bitcoin was projected to hit $4,000 by end of 2017. Surprisingly, it already surpassed $4,000 and someone projected that its value may reach $50,000 by 2027. The value of cryptocurrency market is projected to rise from about $140 billion to $2 trillion, with bitcoin accounting for almost 50% of that value.

Innovators, venture capitalists, startups, large firms, government officials, the academe and media converged at Draper University in San Mateo, CA on August 1-6, 2017 to discuss this topic further at the first Fintech Week Silicon Valley event.

Digital currency, blockchain, and tokenizing are unstoppable developments in the financial industry. These are real disruptors that cannot be ignored. Some of these topics were discussed in the event: recent developments in blockchain technology; impact of blockchain on large tech firms; EOS; initial coin offerings (ICOs); blockchain for good; blockchain beyond financial services; international point of view on blockchain; blockchain 2020; DFINITY; the bank of the future; moving money 3.0; what’s happening in Asia, China, and around the globe; as well as future predictions.

The Dawn of $1B ICOs

AUG 21, 2017

These will be common fixtures in our future financial landscape.

Filecoin ICO: $186M in 1 hour — What does this mean for upcoming ICOs?We are at the beginning of a tectonic shift in consumer financial behavior and with the windfalls going to those teams and companies arming themselves with what are essentially called ‘trading vehicles’.

The implications for future ICOs (Initial Coin Offerings) is summed up in the latest activity surrounding Filecoin’s ICO. In just one hour, it raised $186M after having to slam the doors shut on buyers trying to get in at the last minute. The demand was so high, the software supporting the execution buckled under the pressure.

Science Inc Looks To Raise $50 To $100 Million In Token Sales

AUG 21, 2017

Science Inc. is launching an initial coin offering (ICO) to finance a new incubator. The incubator is based out of Silicon Beach and is known for investing in companies like DogVacay, Dollar Shave Club, and FameBit. It has formed Science Blockchain, which is an incubator that is focused on companies that are deploying and developing blockchain technology, preferably those that support ICOs.

About Blockchain

Blockchains are shared, public ledgers that record transactions between individuals and companies. They have been used for bitcoin transfers but can be used for all kinds of transactions.

Startup incubator Science looks to raise $50-100M in initial coin offering for new fund

AUG 21, 2017

Startup incubator Science Inc. is delving into the world of initial coin offerings with an ICO that will raise money for a new blockchain-focused investment fund.

The Science Blockchain Fund, believed to be looking to raise between $50 million and $100 million according to The Wall Street Journal, intends to use the funds to invest in companies developing and deploying blockchain technology, including companies that are either looking at their own ICOs or providing services to others in the ICO market.

Due to open to the public Oct. 2, with pre-sales starting Sep. 18, the Science Blockchain ICO is being structured to allow investors participating to gain additional benefits from the coin raise besides the traditional ability to trade the tokens themselves. The first “upside” addition is exclusive “direct distribution” of tokens issued by portfolio companies Science Blockchain has invested in. The second is the ability to sell tokens based on distributions from the sale of portfolio companies.

Science Incubator Launching Blockchain Program Through Initial Coin Offering

AUG 21, 2017

Science, a startup incubator, is launching a program targeting blockchain-related companies. The incubator, which has invested in companies like Dollar Shave Club and DogVacay, has earmarked as much as $100 million for the program, according to sources cited in the Wall Street Journal. The program, dubbed Science Blockchain, won’t be conventional. It will raise capital through an “initial coin offering,” an unregulated way of crowdfunding through cryptocurrency.

A Venture Firm Turns to Coin Offering for Incubator Gambit

AUG 21, 2017

Startup incubator Science, which invested in companies such as Dollar Shave Club, is launching a blockchain-related incubation program.

The program, Science Blockchain, will raise capital in a new way for venture capitalists, through an “initial coin offering.” ICOs have been used recently by startups and groups such as programmers as a way to…

Startup Incubator Science Could Raise Up to $100 Million in Planned Token Sale

AUG 03, 2017

A startup incubator based in Santa Monica, California, is launching an initial coin offering (ICO) aimed to raise as much as $100 million to support a new blockchain-focused initiative.

As reported by the Wall Street Journal, Science – best known for its early investment in Dollar Shave Club (which was sold to consumer goods giant Unilever last year for $1 billion) – is launching a new incubation program called Science Blockchain, which will be funded by the ICO. Per the Journal, the incubator is reportedly eyeing a range of between $50 million and $100 million, though Science has not officially confirmed this figure.

Science Goes All In On Blockchain, Plans $100M ICO

AUG 03, 2017

Santa Monica-based startup studio Science is making a move into the world of Blockchain, saying on Thursday that it plans to run its own “initial coin offering” (ICO) worth up to $100M, to raise money to invest in blockchain-related startups that it will incubate. Science–led by former MySpace CEO Mike Jones–is the company behind such startups as Dollar Shave Club. An “initial coin offering” is a relatively new way of raising money for Blockchain related companies, which involves issuing new, digital cryptocurrency in exchange for an existing cryptocurrency like Bitcoin. If the value of that new cryptocurrency rises–in this case, due to the success of the companies backed by the ICO–those investors would profit. Science said it plans to issue its tokens under the Regulation D rules of the SEC, with the offering being managed by The Argon Group, via its subsidiary Argon Investment Management LLC.

Science Inc. to launch blockchain incubator with ICO

AUG 03, 2017

Science Inc. is launching a new incubator, and it’s holding an initial coin offering (ICO) to finance it.

The Silicon Beach incubator, which has invested in such companies as Dollar Shave Club, DogVacay and FameBit, has formed Science Blockchain, a specialized incubator focused on companies developing and deploying blockchain technology — especially those that support ICOs.A blockchain is a public, shared ledger that records transactions between parties. It’s been used for bitcoin transfers but can be used for any kind of transaction.

The company that helped build Dollar Shave Club is investing in original content

MAR 02, 2017

The venture builder that previously helped get companies like Dollar Shave Club, HelloSociety and FameBit off the ground, is launching a new media entertainment network.
LA-based Science Inc. was already creating content for millennials with multiple Facebook pages and apps. Today, it’s launching Mammoth Media to consolidate those efforts…

Google acquires Famebit to connect YouTube creators with brands

OCT 11, 2016

Google just announced that it has acquired FameBit, a marketplace that connects video creators with marketers who want to sponsor their content.
This could be an important step for Google’s YouTube, where monetization has been a big concern — not just for YouTube as a whole, but also for individual creators. YouTube has been working to provide more support on this front through its partner program, but we’ve also seen the growth of multi-channel networks that creators join up with for ad sales and business resources…

DollarShaveClub sells for $1 billion to Unilever

JUL 19, 2016

Dollar Shave Club, the men’s grooming startup that sells razor delivery subscriptions to more than three million people, has been acquired by consumer goods giant Unilever, the company just announced…

New York Times acquires HelloSociety

MAR 11, 2016

The New York Times is expanding its native ad studio with the acquisition of HelloSociety, a digital marketing agency owned by Science, Inc.
Los Angeles-based Science both invest in startups and builds its own companies. It launched HelloSociety (which it fully owned) back in 2012 as an analytics platform for Pinterest marketers. Since then, it’s broadened beyond Pinterest to platforms like Instagram and YouTube, as well as turning into an agency that connects brands with influential social media users who can help promote their marketing efforts…

App makers reach out to teenagers on mobile

JAN 01, 2016

Over the past decade, advertisers have spent untold millions trying to turn Talia Kocar and her peers in the millennial generation into loyal customers. But on a recent afternoon in Santa Monica, Calif., in a kind of consumer torch-passing, Ms. Kocar, 25, watched a focus group of teenagers drink free Snapple and suck Doritos powder off their thumbs while answering questions about their smartphones…

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