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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, members of a joint venture called the Virginia Company founded Jamestown, the first permanent English settlement in North America on the banks of the James River.rom 1619 to 1776, the legislature of the Virginia was the House of Burgesses, which governed in conjunction with a colonial governor. Jamestown remained the capital of the Virginia colony until 1699; from 1699 until its dissolution the capital was in Williamsburg.