The co-founder of MoviePass, Hamet Watt, is embarking on a new venture following the company’s notable decline. Watt is currently focused on Share Ventures, a new startup studio aimed at developing and funding innovative startups. In a conversation with Business Insider, he shared that Share Ventures has successfully raised nearly $20 million, attracting investors from major companies such as Alphabet and Amazon.
This new endeavor places emphasis on areas such as the future of work and longevity, capitalizing on the growing interest in artificial intelligence alongside the challenges presented by high interest rates. Watt believes the current investment landscape is suitable for a unique approach, stating that they plan to incorporate advanced software and complex language models to enhance their operations.
In Watt’s perspective, the ability to use novel data and automation in their processes sets Share Ventures apart from other firms, many of which, according to him, are investing in technology without fully utilizing it in their operations.
His personal journey informs his professional focus; Watt’s interest in health and longevity stemmed from a formative loss—his mother passed away when he was just 25 years old. Reflecting on this experience, he conveyed how it imparts a deeper understanding of mortality and shapes his aspirations to create meaningful impacts through innovation.
Despite his previous challenges with MoviePass, which he details in the documentary “MoviePass, MovieCrash,” Watt remains undeterred. He embraces the lessons learned from that experience, indicating that the potential for both failure and success drives his determination to continue innovating.
This shift in Watt’s focus exemplifies resilience in the face of setbacks and highlights his commitment to leveraging new technologies for positive change. His efforts at Share Ventures could provide promising breakthroughs in sectors that matter, particularly in improving work-life balance and extending healthspan, which is a hopeful perspective in today’s rapidly changing landscape.
Overall, Watt’s story serves as an inspirational reminder that setbacks can fuel future successes, driving entrepreneurs to seek out new opportunities that can lead to significant advancements in various industries.