The co-founder of MoviePass, Hamet Watt, is moving forward after the company’s dramatic decline by launching a new venture studio aimed at developing and funding startups. He has been actively working at Share Ventures, which has already raised nearly $20 million from investors including Alphabet and Amazon.
Watt’s new company focuses on innovations in the realms of future work and health longevity. He believes that the current landscape, shaped by the AI surge and elevated interest rates, presents an opportunity for a venture capital model that stands out from the rest. Share Ventures is working on creating its own software and utilizing advanced language models to streamline its internal processes.
He emphasized the advantages of operating with smaller funds, allowing for quicker identification of promising opportunities with minimal capital. Watt is determined to build companies from the ground up while leveraging cutting-edge technology.
He noted that while many firms are funding new technologies, few are actively integrating and utilizing them within their own operations. Watt has a personal connection to the health and longevity sector, having lost his mother at a young age, which has profoundly influenced his perspective on life and mortality.
Reflecting on his experience with MoviePass, which he addressed in the recent documentary “MoviePass, MovieCrash,” Watt expressed that his past failures only fuel his desire to innovate further. He remains committed to the idea of exploring new ventures, regardless of the potential for failure or success.