We were optimistic that our H2 fund would start operating in just 6 months. It took us nine months. It took us 18 months to complete the process to reach the desired level of operation. We're still at 80percent.
One of the main reasons we were so confident was this: Our first venture we didn't know the number of steps we had to complete to create an investment fund. We now know the number of steps needed to establish a venture fund. While there are likely to be more steps to add to the list, we're pretty sure that it's near the minimum.
Are you skeptical about the number? Our list is now available to anyone who wants to have it. We've applied all our lessons and created a ton more code to improve the creation of investment vehicles - thanks to First Degree Global Asset Management, MAS licensed fund managers. You can schedule a session with us.
Our team has developed an efficient method that will cut down on the time and effort needed to establish an investment fund as well as provide operational support. We're able to use the resources of both of our individual teams to make this happen in days, if not even hours. What does operational support mean? Operational support refers to, in short, the capability to:
develop a site and operate on a platform
choose from a range of different fund structures
Include a licensed, experienced and knowledgeable external fund manager
Create a fund administrator, or choose from a variety of admins
add your choice of auditor firm
Appoint advisors and directors
tap into a global deal origination network
Create an automated deal evaluation procedure
created an investment committee
AML and KYC checks
Interact with users who speak different languages or have currencies
AI is used to analyze and basic DD
Access your portfolio to stakeholder
Automate fund accounting, reporting, or other manual functions
We're aware of. It's amazing to be able to achieve this level of efficiency in just a few hours, or perhaps days. It is crucial to first experience the frustration of doing something multiple times before automating it.
We have now completed the process and these notes are no more notes and now form the documents above our codified methods that allow for the rapid, easy, automated creation investment vehicles as well as the commercialization Hatcher+ Venture-As-A-Service Technology ("VAAST") platform - a multi-award winning technology platform and data analytics that allows a year's time to be compressed to a matter of days.
The platform was designed to facilitate serious scaling. Since October 1st 2021 onwards we'll be expanding our pilot partners' network to include new clients. Contact us if you're multifamily or bank, wealth manager or financial adviser who wants to create private investment vehicles for your clients. It's a simple quick, speedy, and comprehensive process.