Hamet Watt, co-founder of MoviePass, is setting his sights on new beginnings after the company’s dramatic downfall. He is now working on Share Ventures, a startup studio intended to develop and finance emerging enterprises.
Watt has reported that Share Ventures has successfully raised nearly $20 million from investors, including big names like Alphabet and Amazon. The focus of this new initiative is on startups that address future workplace advancements and longevity.
He believes the current landscape shaped by the AI boom and elevated interest rates creates an environment conducive to innovative funding models. Share Ventures is developing its own software and advanced language models to streamline operations, allowing for earlier insights into investment opportunities with lower capital requirements.
Watt emphasized the need for venture firms to not only invest in new technologies but also to incorporate them actively in their operations. He believes that utilizing cutting-edge data and automation sets Share Ventures apart in the crowded venture capital space.
His personal experience with loss—having lost his mother at a young age—has driven Watt’s interest in health and longevity. He reflects on how this loss made him acutely aware of life’s fragility.
Watt’s journey with MoviePass, which he elaborated on in the documentary “MoviePass, MovieCrash,” has only reinforced his resolve to innovate despite past challenges. He is committed to learning from his experiences and is open to both failures and successes in his future endeavors.