We believed that we could be up and running in six months, but it took us nine months to reach that point. We actually spent 18 months to get to our desired level. At that point there was only 80% of our operations were complete.
One reason we were early in our optimism was? Our first venture we didn't know what steps we'd need to walk through in order to establish the venture fund. Now we know , because we've codified it. The answer is at most 210. And while there's probably several other actions that we'll need to add to that list, we're confident that is close to the minimum count.
Are you doubtful about the numbers? The list is available to anyone who wants it. We've taken all our learnings and developed a lot of code to help improve the design of investment vehicles. Thanks to First Degree Global Asset Management, MAS licensed fund managers.
Using the resources of our combined teams, we've created a system that can reduce the time needed to create an investment vehicle and set up operational support from months to days - or perhaps hours. What exactly is operational support? Operational support means, in short, the capability of:
Create the website and operate it on a platform
Pick from a variety of structure of funds
Add an experienced, fully-licensed, external fund manager
You can add a fund manager to your portfolio, or choose one of the administrators.
Select the audit firm you prefer
Designate advisors and directors
tap into a global deal origination network
Automated deal analysis
Create an investment committee
AML and KYC checks
Interface with users who speak different languages or have currencies
Use AI for basic analysis , and Do the same with DD.
Let stakeholders have access to your portfolio
Automate fund accounting and reporting.
Yes, yes. It's amazing that we can attain this level of efficiency within a matter of hours, or perhaps days. In order to automate a procedure systematically, you must first endure the pain of doing it manually repeatedly as well as take notes.
We have now completed that and those notes are no more notes and now form the documents above our codified methods to enable the rapid easy, automated development of investment vehicles and the commercialization of the Hatcher+ Venture-Asa-Service Technology ("VAAST") platform an award-winning technology platform and data analytics that lets a year's worth of time be reduced to a couple of days.
The platform was designed for massive scale. Also, on the 1st of October 2021 we'll be able adding clients to our Pilot Partners. If you're a multifamily company or wealth management company, a private bank, financial advisor or you're looking to make private investments available to your clients, let us meet.