We believed that we could be up and running in just six months, but we took nine months to get there. We took 18 months to reach the desired level of operations. At that point, we were only about 80% prepared.
One of the main reasons behind our early optimism? In the beginning of our initial venture, we didn't know the number of steps were required to create a venture funds. We have now a better understanding of the steps needed to establish an investment fund. There's probably many more steps that we still must add to that list, we're certain that's close to the minimum count. Schedule a session here with us
Are you unsure about the number? Our list is now available to anyone who would like it. Even better, we took all of our knowledge and created a ton of code, and created an easier method of creating investment vehicles with the assistance of First Degree Global Asset Management, MAS fund managers.
We have pooled our resources to design an approach that cuts down on the time needed to establish investment vehicles and to build operational support. It can be completed in just a few days or even hours. What is operational support? Operational support means basically the capability of:
Make a website.
Choose from a variety of options for fund structures
Incorporate a licensed, knowledgeable, and competent external fund manager
add a fund administrator (or select from a range of administrators)
Select an auditing firm
Nominate directors, advisors, and directors
tap into a global deal origination network
Create an automated deal analysis process.
Establish an investment committee for investment
AML and KYC checks
Interact with users who speak multiple languages or currencies
Make use of AI to do analysis and basic DD
Allow stakeholder access to your portfolio
Automate fund accounting, reporting, or other manual functions
Yes, we know. It's a bit unbelievable to be able to offer that level of functionality in a few hours or days. To automate a process systematically it is necessary to go through the pain of repeating it manually - and make notes.
We've now done that, and those notes are no more notes. They now form the documentation entries that are above the codified methods we've developed to facilitate the quick, easy, automated creation of investment vehicles, and commercialization of the Hatcher+ Venture-Asa-Service Technology ("VAAST") platform - - the multi-award winning data analytics and technology platform that allows a year to be compressed to a number of days.
The platform was designed to scale. We'll begin with the addition of clients to our pilot partner network on October 1, 2021. Contact us if you're a multi-family bank or wealth manager, private bank or financial advisor who wants to create private investment vehicles for clients. It's a quick and effective process.