The co-founder of MoviePass, Hamet Watt, is embarking on a new journey by launching Share Ventures, a venture studio designed to develop and finance startups. Following the dramatic collapse of MoviePass, which he co-founded in 2011, Watt is focusing on emerging sectors such as the future of work and longevity.
With nearly $20 million in funding from high-profile investors like Alphabet and Amazon, Watt aims to leverage artificial intelligence to create new software and enhance productivity within his company. He believes that the current landscape of venture capital, influenced by the rise of AI and fluctuating interest rates, presents a unique opportunity to adopt a more innovative approach to investment.
Watt’s strategy centers on using advanced technology and automation to streamline processes, which he believes sets Share Ventures apart from traditional venture firms that may not fully utilize these innovations. His personal journey into the health and longevity sector is driven by the loss of his mother at a young age, prompting him to contemplate mortality and the potential for extending life through technological advancements.
Reflecting on his past experiences with MoviePass, which he recently detailed in an HBO documentary titled “MoviePass, MovieCrash,” Watt remains resilient and determined to push boundaries. He acknowledges the possibility of failure but is enthusiastic about the chance to innovate and create new solutions.
This new venture signifies hope not just for Watt but also resonates with the broader entrepreneurial spirit, illustrating how setbacks can lead to fresh opportunities. By merging technology with human experience, Share Ventures could play a significant role in shaping the future landscape of health and work.
In summary, Hamet Watt is channeling his past experiences into a new endeavor aimed at fostering innovation in the health and work sectors by utilizing AI and automation, showcasing resilience and a commitment to learning from previous challenges.