Share Ventures, an LA-based studio for company creation

On August 8, 2020, it was announced that serial entrepreneur and startup investor, Hamet Watt, was combining his two career paths (MoviePass, True Ventures, NextMedium, Upfront Ventures) under the auspices of Share Ventures.

With $10 million in financing from a slew of investors including Upfront Ventures,  Alpha Edison, the general partners and founders of True Ventures,  and a Korean family office, Share Ventures will look to launch between two and four companies per year.

Watt says that the new studio will focus on what he calls “human performance”. The businesses will use a blend of technology and human interaction to create services targeting fitness, nutrition, and mental health, according to Watt.

Share Ventures’ initial focus will be on two main areas, the future of living and the future of working. Within those two areas, the company will focus on developing businesses that enable the development of individual purpose, mental and physical enhancement, and personal and professional growth, according to Watt.

You can read the full TechCrunch article here. Also, check out the dotLA story for more details.