Hamet Watt, co-founder of MoviePass, is shifting his focus from the company’s dramatic collapse to a new venture aimed at nurturing and financing startups. Watt is now at the helm of Share Ventures, which has raised nearly $20 million in funding, with notable investors such as Alphabet and Amazon on board.
In an interview with Business Insider, Watt shared that Share Ventures is concentrating on startups in the areas of future work and longevity. He believes the current landscape of venture capital, influenced by the AI surge and elevated interest rates, presents an opportunity for a unique approach. Share Ventures plans to develop its own software and advanced language models to streamline its internal processes.
Watt emphasized the advantage of smaller funding needs and the ability to identify promising opportunities earlier with reduced capital. This methodology allows Share Ventures to build companies from the ground up while leveraging modern technological tools.
He noted a gap in how many venture firms are engaging with new technologies, suggesting that their investment strategies often lack practical application of these innovations.
Watt’s interest in health and longevity is personal, stemming from the loss of his mother at the age of 25 when she was only 49. This experience has shaped his perspective on mortality and inspired his latest endeavors.
Reflecting on his past with MoviePass, Watt expressed a determination to learn from previous failures, stating, “What have I learned, and what do I have the guts to go out now and try — and maybe fail, but maybe succeed?”