Hamet Watt, co-founder of MoviePass, is moving forward from the company’s well-publicized downfall to launch a new venture studio aimed at developing and funding startups. He is currently engaged with Share Ventures, which has already raised nearly $20 million in capital from investors, including tech giants Alphabet and Amazon.
Watt elaborated that Share Ventures is concentrated on innovation within the future of work and longevity sectors. He believes the current surge in artificial intelligence and elevated interest rates have created favorable conditions for a more distinctive venture capital model. Watt is integrating proprietary software and advanced language models to streamline operations at Share Ventures.
He remarked, “You don’t need as large of funds, and you can get signal on an opportunity much earlier with much less capital.” This approach enables the studio to build startups from the ground up utilizing cutting-edge technology.
Watt acknowledged that while many venture firms are pouring money into new technologies, they often fail to implement these innovations internally. He emphasized that leveraging novel data and automation distinguishes his firm from others in the field.
His personal journey into health and longevity was sparked by the early loss of his mother, who passed away at the age of 49, when Watt was just 25. This experience has deeply influenced his perspective on life and mortality.
Reflecting on the lessons learned from MoviePass, which he discussed in the documentary “MoviePass, MovieCrash,” Watt expressed his determination to innovate regardless of potential failures. “What have I learned, and what do I have the guts to go out now and try — and maybe fail, but maybe succeed?” he said.