When we created our H2 fund, we were hoping to be operational within a period of six months or 9 months maximum. We took 18 months before we reached the desired level of operations. At the time we were just about 80% prepared.
One reason for our early optimism was? When we launched our first venture, we did not know the number of steps would be required to create an investment fund. We have now a better understanding of the steps needed to establish a venture fund. We know there are many steps that need to be added to the list, however we think that the minimum number should be at minimum 210.
The numbers are staggering! The list is available to anyone who wishes to access to have it. Even better, we have used our knowledge to create a new product and created a large amount of code, and created a better way to create investment vehicles - using First Degree Global Asset Management, MAS-licensed fund managers. Please schedule a session
Our collective resources have enabled us to develop a strategy to reduce the time required to create an investment vehicle and create operational support. It takes just a few days to accomplish this. It could take hours. What is operational support? In simple terms, operational support is the capability to:
Create an online site and an operating platform
Select from a range of fund structures
Add an external fund manager who is licensed and knowledgeable
You can add a fund administrator to your portfolio, or select from among a variety of administrators.
Add your preferred the audit firm you prefer.
Appoint advisors and directors
tap into a global deal origination network
Create an automated procedure for deal analysis
Create an investment committee for investment.
AML and KYC checks
Interface with users who use different currencies and languages
AI is used to analyze and basic DD
Your portfolio must be accessible to stakeholders
Automate the process of fund accounting, reporting or any other manual tasks
Yes, yes. It's a bit unbelievable that we can provide that level of functionality in just a few hours or even days. To automate a process in a systematic manner first, you have to go through the pain of doing it manually repeatedly - and make notes.
Once we've accomplished that, these notes are no longer notes. They now serve as documentation entries over the codified methods that we designed to enable the speedy, simple automated development and commercialization of the Hatcherand Venture-As-As-A-Service Technology ("VAAST") platforms. This platform, which is multi-award-winning and data analytics-based platform, allows for a year's time to be reduced to a couple of days.
This platform is designed to scale up. And on October 1 2021, we'll start to add customers to the Pilot Partners. We'd like to discuss with you if your multi-family company, wealth manager, private banking or financial advisor is interested in enabling private investment vehicles to their customers. The process we use is simple, efficient, complete and simple.