We had hoped that the H2 fund would be operational in six months. Actually, we expected to wait nine months. The process took us eighteen months to get to the desired level of operations - and, at this time, we were only 80% ready.
One reason we were early in our optimism was? We weren't aware of the steps were required to establish a venture fund when we first started. We now know, because it's been codified. We have at least the minimum of 210 steps. We are aware of the numerous steps that should be added to the list, however we think that the minimum amount is at minimum 210.
Do you doubt the number? We've made our list accessible for anyone to check out here. Even better is that we have combined all our learnings with a bunch of codes to come up with the most efficient method for investing in investment vehicles. this was made possible by First Degree Global Asset Management (MAS-licensed funds managers).
Utilizing the expertise of our combined teams, we've developed a methodological approach to speed up the process required to build an investment vehicle, and ramp operational support from days to months or perhaps hours. What exactly is operational support? What is operational support?
Create a website.
You can pick from a variety of types of fund structures
Add an outside fund manager who is licensed and has experience
Add a fund administrator or choose from a variety of administrators
Select the firm that you like
Nominate directors and advisors
tap into a global deal origination network
Establish an automated deal evaluation procedure
Create an investment committee for investment
AML and KYC checks
Interface with multiple languages and currencies for users
AI is utilized for analysis and basic DD
Stakeholders can access your portfolio
Automate the process of fund accounting, reporting and other manual tasks
We're aware of. It's incredible that we can attain this level of functionality within a matter of hours or days. The first step to automate the process is to do it manually numerous times. Take notes.
We've now finished the process and these notes have been removed and now form the documentation entries above our codified methods for enabling the quick easy, automated development of investment vehicles as well as the commercialization Hatcher+ Venture-As-A-Service Technology ("VAAST") platform - a multi-award-winning technology platform and data analytics which lets a year's worth of time be compressed to a matter of days.
This platform was created to facilitate the growth of. The first day of October 2021, we'll add new customers to our pilot partners. If you're a multifamily company or a wealth management firm, a private bank, financial advisor or are looking to help private investors for your clients, we can meet.