Hamet Watt, co-founder of MoviePass, is charting a new course after the company’s dramatic collapse by launching a venture studio aimed at fostering and funding startups. Watt’s new initiative, Share Ventures, has successfully raised nearly $20 million, with investment from major players like Alphabet and Amazon.
Watt envisions that Share Ventures will focus on innovations in the future of work and health longevity. He believes that the current landscape of venture capital, influenced by the surge of AI and high interest rates, opens up unique opportunities for a more differentiated approach. By combining software development and sophisticated language models, Share Ventures intends to streamline its internal processes and enhance decision-making with smaller investment amounts.
In discussing his vision, Watt remarked that many venture firms may invest in new technologies but often do not incorporate them effectively into their operations. He sees Share Ventures as taking a distinct approach by leveraging advanced data and automation, which he believes sets the company apart.
Watt’s personal experiences also drive his passion for health and longevity, stemming from the loss of his mother at a young age. He shared how this loss profoundly shaped his perspective on life and mortality.
Reflecting on the lessons learned from MoviePass and the documentary “MoviePass, MovieCrash,” Watt remains determined to innovate. Despite facing setbacks, he emphasizes the importance of resilience and the possibility of both failure and success in pursuit of new ventures.
This narrative showcases Watt’s transformation from a failed venture to a hopeful future, emphasizing that even setbacks can lead to greater opportunities. His commitment to using advanced technology and personal motivation in his new endeavor presents an optimistic outlook for the potential of health and entrepreneurial innovations.