Hamet Watt, co-founder of MoviePass, is shifting his focus from the company’s notable decline to a new venture studio aimed at developing and funding startups. Watt has been actively working on Share Ventures, a company that has raised nearly $20 million in funding with support from major investors including Alphabet and Amazon.
Share Ventures is concentrating on startups in the fields of future work and longevity. Watt believes that the current landscape—shaped by the AI boom and high interest rates—creates an opportunity for a distinctive venture capital approach. The studio intends to incorporate its own software and complex language models to streamline operations, allowing for earlier detection of potential investments with less capital.
He noted that while many venture firms are investing in new technologies, they often do not leverage those technologies themselves. Watt emphasized the significance of using innovative data and automation in their investment processes, something he believes sets them apart from competitors.
Watt’s personal motivation for focusing on health and longevity stems from the loss of his mother when he was just 25. This experience has prompted him to reflect on mortality and the importance of longevity. Despite the failure of MoviePass, which he addressed in the documentary “MoviePass, MovieCrash,” he remains committed to innovation and embracing the possibility of both failure and success in his new endeavors.