Hamet Watt, co-founder of MoviePass, is leaving behind the company’s turbulent history to focus on a new venture studio aimed at developing and funding startups. Watt has launched Share Ventures, which has already garnered nearly $20 million in funding from notable investors such as Alphabet and Amazon.
The new company is concentrating on innovations in the realms of future work and longevity. Watt believes the current landscape, characterized by the rise of artificial intelligence and high interest rates, presents a unique opportunity for a distinctive investment model. Share Ventures plans to utilize proprietary software and advanced language models to enhance its operations and decision-making processes.
In his view, the need for large funding sizes has diminished, allowing for earlier identification of potential opportunities with reduced capital outlay. This approach aligns well with Share Ventures’ mission to build startups from the ground up by leveraging cutting-edge tools.
Watt also emphasized the importance of integrating new technologies into their investment strategy, stating that many venture firms may be investing in advanced technologies but are not effectively utilizing them.
His interest in health and longevity is deeply personal, stemming from the loss of his mother at a young age. This experience has profoundly influenced his perspective on mortality and innovation.
Reflecting on his past with MoviePass, which he discussed in the recent documentary “MoviePass, MovieCrash,” Watt is motivated to embrace new challenges, contemplating the lessons he’s learned and his willingness to take risks in pursuit of success.