Hamet Watt, the co-founder of MoviePass, is embarking on a new journey after the company’s significant collapse by launching a venture studio aimed at cultivating startups. This new endeavor, called Share Ventures, has already attracted nearly $20 million in funding from prominent backers, such as Alphabet and Amazon.
Watt’s venture studio is concentrating on emerging fields related to the future of work and longevity. He has noticed that the current climate, driven by advancements in AI and soaring interest rates, presents a favorable opportunity for a fresh approach to venture capital. Share Ventures plans to develop its own software and advanced language models to enhance the efficiency of its operations.
Watt emphasized that the ability to leverage technology for investment can lead to early identification of opportunities without the need for large funds. This method allows for a more agile approach to building companies from the ground up while utilizing cutting-edge tools.
Reflecting on his past experiences, Watt pointed out that while many venture firms are investing in new technologies, they often fail to integrate and utilize them effectively. His approach sets Share Ventures apart as one that applies innovative data and automation in the investment process.
Watt’s interest in health and longevity is deeply personal, stemming from the loss of his mother when he was just 25 years old. This tragic experience has significantly shaped his perspective and motivations in pursuing ventures focused on enhancing life.
Despite the setbacks witnessed during the rise and fall of MoviePass, Watt remains determined to innovate. He believes in the importance of learning from failures and is committed to using his experiences to explore new avenues, asserting that there is always a chance for success.
In summary, Hamet Watt’s transition from MoviePass to creating Share Ventures marks a hopeful new chapter. His focus on leveraging technology and personal experiences in health and longevity may pave the way for successful startups that impact lives positively. With significant backing and a clear vision, Watt’s future endeavors have the potential to unlock exciting advancements in various industries.