Hamet Watt, co-founder of MoviePass, is moving past the company’s dramatic downfall and launching a new venture studio aimed at developing and funding startups. Watt is now focused on Share Ventures, which has successfully raised nearly $20 million, with investments from major backers including Alphabet and Amazon. The new venture will concentrate on innovations in the future of work and health longevity.
Watt believes that the current landscape of venture capital, influenced by the rise of artificial intelligence and high interest rates, is favorable for a “differentiated” approach. Share Ventures intends to develop its own software and complex language models to streamline internal processes, enabling quicker identification of promising opportunities with less capital.
He highlighted that while many venture firms are investing in emerging technologies, few are fully integrating and utilizing them in their operations. By employing innovative data and automation, Watt asserts that Share Ventures holds a unique position in the market.
Watt’s personal experiences, particularly losing his mother at the young age of 25, have fueled his interest in health and longevity. This profound loss has prompted deep reflections on mortality and has shaped his commitment to creating impactful ventures.
Reflecting on his time with MoviePass, which he recently explored in the documentary “MoviePass, MovieCrash,” Watt remains motivated to innovate, stating that failures can pave the way for future successes. He is ready to embrace new challenges in the entrepreneurial landscape.