A charter colony is a self-governing entity in which the king grants a charter to a company to establish a colony in the Americas. The king would do this so that he did not have to spend the country's money on a risky endeavor. Companies like the Virginia Company, would seek investors for the project and establish colonies like the one at Jamestown. The king did not have any political authority over this entity. A royal colony, on the other hand, was ruled directly or indirectly by the king. Jamestown was established as a charter in 1606 and was granted by King James I. The king wanted the colonists to convert the natives to Christianity, while the company hoped to reap a profit from gold. What the company found was that the region did not have vast reserves of gold and it was difficult to even sustain the population with food and protect itself from Indian attacks. After a vicious string of Indian attacks known as the Powhatan Uprising, the king revoked the charter in 1624 and established the colony as a royal colony.