The goal of the Virginia Company was clear enough: establish a permanent colony in America that would make a profit for the Company. ... The London Company would establish Jamestown in Virginia, England's first permanent settlement in the New World.
The Virginia Company of London was a joint-stock company chartered by King James I in 1606 to establish a colony in North America. Such a venture allowed the Crown to reap the benefits of colonization—natural resources, new markets for English goods, leverage against the Spanish—without bearing the costs.
