The co-founder of MoviePass, Hamet Watt, is turning the page after the company’s notable fall, now focusing on a new venture studio aimed at cultivating and funding innovative startups. Watt recently shared insights on his latest endeavor, Share Ventures, which is garnering significant attention and support. The startup has attracted nearly $20 million in funding, with prominent investors such as Alphabet and Amazon backing its mission.
Share Ventures is concentrating on emerging markets in work efficiency and longevity. According to Watt, the current landscape, influenced by the surge of AI technologies and elevated interest rates, presents a unique opportunity for inventive reinvention in the venture capital space. He emphasized that the firm is leveraging advanced software and language models for internal operations, which allows for more agile and informed investment decisions.
In a striking departure from traditional methods, Watt believes that smaller funds are more effective today, enabling the identification of potential opportunities with reduced capital investment. “This is beneficial for us as we build companies from the ground up employing the latest innovative tools,” he stated. He also pointed out that many venture firms invest in cutting-edge technologies but fail to implement them in their own processes.
Watt’s commitment to health and longevity is deeply personal, stemming from the loss of his mother at a young age, which spurred his reflection on life and mortality. This experience has profoundly shaped his entrepreneurial focus and ambitions.
He expressed a resilient outlook on his past with MoviePass, which he elaborated on in the documentary “MoviePass, MovieCrash.” Instead of being deterred by past setbacks, Watt is motivated to embrace new challenges, candidly stating, “What have I learned, and what do I have the guts to go out now and try — and maybe fail, but maybe succeed?”
This narrative highlights Watt’s transition from a challenging chapter to a renewed pursuit of innovation, showcasing the spirit of resilience and the potential for positive contributions to the startup ecosystem. With advancements in technology and a focus on impactful ventures, there is hope that Watt’s new endeavors could lead to significant breakthroughs in both the future of work and health sectors.
Summary: Hamet Watt, co-founder of MoviePass, is launching Share Ventures, a startup studio focused on funding innovations in work and longevity. With nearly $20 million raised from investors like Alphabet and Amazon, Watt aims to leverage AI and automation to create opportunities in a changing venture landscape. His personal experiences inspire his dedication to health and longevity advancements.