Jamestown was the first of the 13 colonies after the failure to establish a colony on Roanoke Island. It was founded by The London Company in 1607. Jamestown was mainly founded for the purpose of making money. It was a port and trading center. Jamestown was a place for people to come and make their fortune. Another reason, much less pressing than the financial aspect, was to minister to and convert the natives to Christianity.
In 1624, a larger area was named Virginia.