TLDR:
- Hamet Watt, co-founder of MoviePass, has raised $20 million for his new venture studio, Share Ventures.
- Backed by investors such as Alphabet and Amazon, Share Ventures focuses on startups in the future of work and longevity spaces.
Hamet Watt, known for his role in creating MoviePass in 2011, has secured nearly $20 million in funding for his new venture studio, Share Ventures. The company, supported by big names like Alphabet and Amazon, is concentrating on startups in the areas of future work and longevity. Watt believes that the current AI boom and high interest rates have created an opportune moment for a differentiated model in venture capital. Share Ventures is developing its own software and utilizing complex language models to automate internal work processes, setting itself apart from traditional venture firms. Watt’s personal story, including his mother’s premature death, has driven his interest in health and longevity-focused startups. Despite the challenges faced with MoviePass, as discussed in the documentary “MoviePass, MovieCrash,” Watt remains committed to innovation and learning from past failures.
