The co-founder of MoviePass, Hamet Watt, is embarking on a new chapter after the company’s dramatic decline. He is focusing on launching Share Ventures, a new venture studio aimed at developing and funding innovative startups. Watt’s venture has already attracted nearly $20 million in investments from notable backers, including tech giants Alphabet and Amazon.
The mission of Share Ventures is to concentrate on startups within the “future of work” and longevity sectors. Watt believes the current landscape, characterized by an AI surge and elevated interest rates, presents a prime opportunity for differentiated models in venture capital. He articulated that leveraging advanced technology and automation will enable Share Ventures to streamline the funding process and evaluate opportunities with reduced capital needs.
Watt is keen on utilizing novel data and automation techniques to differentiate Share Ventures from traditional venture firms that may not fully adopt these new technologies. His personal experiences, particularly the loss of his mother at a young age, have profoundly influenced his interest in health and longevity, driving him to pursue innovative solutions in these fields.
Reflecting on his past with MoviePass, which he discussed candidly in the documentary “MoviePass, MovieCrash,” Watt expresses a determination to learn from failures while remaining open to new possibilities. He embraces the idea that taking risks—whether that leads to success or failure—is an essential part of innovation and growth.
This reinvention not only showcases Watt’s resilience after the MoviePass experience but also highlights a broader trend in the tech industry where entrepreneurs are pivoting towards projects that promote well-being and longevity, which could have meaningful impacts in the years to come. By combining advanced AI tools with creative ventures, Watt exemplifies a hopeful outlook for the future of startup funding and innovation.