Our expectations when we started the H2 Fund were it would be ready in six months. In the actual situation, it would take the least of nine months. It took us eighteen more months to reach the required degree of readiness and we were only 80% ready.
One reason we were early in our optimism was? We weren't aware of the steps were required to establish a venture fund when we began. We have now a better understanding of the steps needed to establish an investment fund. And while there's probably several other steps we'll have to add to the list, we're confident that is close to the minimum number.
Do you doubt the accuracy of the list? We've made our list available for anyone to check it out here. Better yet, we used all our knowledge and developed more code, and came up with a better method to create investment vehicles with the assistance of First Degree Global Asset Management, MAS fund managers.
Our combined resources have allowed us to design a method to reduce the time needed to establish an investment vehicle, and build up operational support. It takes some days to complete this. Or even hours. What does it mean to provide operational support? In short it's the capability to:
You can build a site.
Choose from a variety of different fund structures
Add an experienced and licensed manager of external funds
You can add a fund manager to your portfolio or select one of the administrators.
Add your choice in an audit company
Appoint advisors and directors
tap into a global deal origination network
Create an automated process for deal analysis
Create an investment committee
AML and KYC checks
interface with users using various languages and currencies
Make use of AI for basic analysis and Do the same with DD.
Allow stakeholder access to your portfolio
Automate accounting and reporting for funds.
Yes, we know. It seems absurd that we can deliver this level of functionality in only several days or even hours. The first step to automate an operation is to perform it manually numerous times. Take notes.
That's done. Those notes are no longer notes. They now serve as documentation for the methods we employed to develop investments vehicles. We also commercialized Hatcher+ Venture As-a-Service Technology ("VAAST"), the multi-award-winning technology that enables an entire year of work to be reduced to only a matter of days.
The platform was designed to facilitate serious scale. From October 1st, 2021 onwards we'll expand our pilot partners' network to accommodate new customers. If you're a multi-family office or wealth manager a private bank, or a financial advisor looking to enable an investment vehicle that is private for your clients using an easy process that's quick and efficient, as well as complete We'd love to talk with you.