We had hoped that our H2 fund would become operational in just six months. Actually, we expected it to take nine months. It took us 18 months for the process to get to the level we wanted to operate at. We were still only at 80percent.
Our excitement began in the early days. When we first started out we were unsure of how many steps we needed to go through to create a venture fund. We now know, because it's been codified. There are at most the minimum of 210 steps. While there's likely to be several other steps that we still have to add to the list, we're pretty sure this is near the minimum number. Schedule a session here with us
Are you skeptical about this number? The list is available to anyone who wishes to access it. We've also using our knowledge and developed a plethora of code, and developed a better approach to creating investment vehicles using MAS-licensed fund managers First Degree Global Asset Management.
Our teams have developed an efficient method that will reduce the time and effort required to create an investment fund as well as offer operational support. We're able use the resources of our teams to make this happen in days, if not hours. What exactly is operational support? This is the capability:
Create the website and operate it on a platform
pick from a variety fund structures
Add an experienced and licensed administrator of external funds
Add the name of a fund administrator (or select from a variety of)
Select the best audit firm
Appoint advisors and directors
tap into a global deal origination network
Automated deal analysis
Start an investment committee
AML and KYC checks
Interface that supports multiple languages and currencies for users
AI can be used to perform analysis or basic D
allow stakeholder access to your portfolio
Automate the accounting and reporting of funds and other manual tasks
That's all we know. It's incredible to think we could deliver this level of functionality in just a couple of hours or days. But the first step in any automated procedure is to experience the pain of doing it manually several times and take notes.
Now that we have done that, those notes are no longer notes. They are now the documentation entries for the codified processes we created to allow the speedy, simple, automated creation and commercialization Hatcherand Venture-As-As-A-Service Technology ("VAAST") platforms. This platform, which has won multiple awards and data analytics platform lets a year be reduced to just a few days.
This platform is built to allow for massive scale - and from October 1st 2021, we'll be moving to add new clients to our pilot partners. Contact us if you're a multi-family bank or wealth manager or private financial advisor who is looking to set up private investment vehicles for your clients. It is a fast and efficient process that is complete.