We thought we would be up and running in just six months, but we took nine months to reach that point. It took us 18 months to reach our desired level of operation - and, at this time, we were only 80% complete. Schedule a session here with us
Our initial optimism was because of this: We weren't aware of the steps needed to set up the venture fund at the time we began. Now, we know since it's been codified. There are at most 210 steps. We know there are numerous steps that should be added to the list, but we believe that the minimum number should be at least 210.
Are you skeptical about the number? The data has been made available for everyone to see. Better still, we're taken all of our learnings and crafted a lot of code, and created an easier method to create investment vehicles by utilizing MAS-licensed fund managers First Degree Global Asset Management.
We combined the resources of our teams and developed a systematic approach to reduce the time it takes for an investment vehicle to be set up and to develop operational support. The process can be completed in as little as a few hours , or days. What does it mean to provide operational support? We're referring to the ability:
create a website and operating platform
Choose from a variety of options for fund structures
Incorporate an experienced, fully licensed external fund manager
Add an administrator for the fund (or choose from a list of admins)
Choose an auditing firm
Nominate directors and advisors
tap into a global deal origination network
Establish an automated process for evaluating deals
Start an investment committee
AML and KYC checks
Interface that is multilingual and currencies for users
AI is utilized for analysis and for DD basics
Your portfolio should be available to all stakeholder groups.
Automate fund accounting, reporting or other manual processes
We are aware of. It's amazing that we can deliver this level of functionality within a matter of hours or days. It is crucial to first go through the frustration of doing things several times before automating it.
We've now finished the process and these notes have been removed - they now comprise the documentation entries above our codified methods that allow for the rapid easy, automated development of investment vehicles as well as the commercialization of the Hatcher+ Venture-Asa-Service Technology ("VAAST") platform - a multi-award winning technology platform and data analytics which allows a year's time to be compressed to a matter of days.
The platform was designed to facilitate massive scale and from October 1st, 2021, we'll be expanding our client base to our pilot partners. We'd love to speak about your multi-family company, wealth manager, private bank or financial advisor are interested in enabling private investment vehicles to their clients. The process we use is simple, efficient, complete and easy.