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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.
In 1607, Jamestown was founded. In 1624, Virginia was created as a royal colony that included the original Jamestown settlement.Founded By: The London Company founded Virginia during the reign of James I (1566-1625).Motivation for Founding: Jamestown was originally founded from a desire to gain wealth and to a lesser extent to convert the natives to Christianity.Virginia became a royal colony in 1624 when King James I revoked the charter of the bankrupt Virginia Company. He felt threatened by the representative assembly known as the House of Burgesses.ounded By: The London Company founded Virginia during the reign of James I (1566-1625). Motivation for Founding: Jamestown was originally founded from a desire to gain wealth and to a lesser extent to convert the natives to Christianity.