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Learn more about the Virginia Colony founded by the London Company in colonial America. It started as Jamestown in 1607 before becoming a royal colony Learn more about the Virginia Colony founded by the London Company in colonial America.
     Settling  Jamestown Twenty years went by before a permanent English  colony was established in America. In 1607, a group of merchants  formed the London Company to start a moneymaking colony in  Virginia.nswer Jamestown started out with a charter, meaning that a company in this case The London Company owned them. In the first year they did not establish agriculture or a village because they were too busy looking for gold. John Smith helped to bring settlement to the colony.