Our initial expectations were that the H2 fund would be operational within six months. We had actually anticipated it to take nine months. It took us 18 months to complete the process to reach the desired level of operation. We were still only at 80%.
Our excitement began in the early days. The first venture we launched was a difficult task. We didn't know the number of steps that we would need to take to create the venture capital fund. We know now - because we've codified it - and we're at least 210. Although there's likely to be numerous more steps to include, we think that this is the minimum number.
Do you doubt this number? Take a look at our list. In addition, we've used our knowledge to create a new product and created a large amount of code and designed an easier method to create investment vehicles. We've used First Degree Global Asset Management, MAS-licensed fund mangers.
Utilizing the expertise of our combined teams, we've built a systematic approach that can reduce the time needed to establish an investment vehicle and build up operational support from months to days - or perhaps hours. What exactly is operational support? Operational support is simply the capability to:
Set up a website.
choose from a range of fund structures
Incorporate an outside fund manager licensed and knowledgeable
Choose from a variety of administrators or add an administrator to your fund manager
add your choice of auditor firm
Appoint directors, advisors
tap into a global deal origination network
Automated deal analysis
set up an investment committee
AML and KYC check
Interact with users who speak several languages or have different currencies.
AI can be utilized to carry out basic analysis of DD
Allow stakeholder access to your portfolio
Automate the accounting of funds and report generation.
We know. It's incredible to think we could provide this kind of functionality in a matter of days or hours. To automate a process consistently, you must first go through the pain of performing it manually over and over again as well as take notes.
We've done it and those notes no longer are notes - they now constitute the documentation entries over the codified procedures we've created to allow the rapid and simple, automated creation of investment vehicles, and the commercialization of the Hatcher+Venture-As-As-A-Service Technology ("VAAST") platform - - the multi-award winning technology and data analytics platform that allows a year to be compressed to a number of days.
The platform was designed to enable serious growth. From October 1st 2021 onwards we'll expand our list of pilot partners to include new clients. If you're a multi-family office, a wealth manager, a private bank, an advisor to financials who wants to set up an investment vehicle that is private for your clients using a process that is fast, efficient, and complete We'd love to talk with you.