We were optimistic that our H2 fund would start operating in just six months. It took us nine months to get it up and running. The process took us eighteen months to reach our desired level of operations - and at that moment, we were only 80% ready.
One of the reasons why we were so confident was: When we first began the venture fund we did not think about how many steps were involved. We now know since we have codified it. The answer is at least around 210. There's likely to be many more steps that we have to add to that number is fairly close.
The amount of entries is staggering! The data has been made accessible to everyone. We've also taken all of our learnings, developed a ton of code, and created an easier method to create investment vehicles - by utilizing certified fund managers who are MAS-licensed. First Degree Global Asset Management. Please schedule a session
Our collective resources have enabled us to develop a strategy that can cut down the time needed to establish an investment vehicle and build up operational support. It can take a few days to do this. Or even hours. What is operational support? In essence we're talking about the capability to:
create a website and operating platform
Choose from a variety structure of funds
Incorporate a licensed and experienced administrator of external funds
Choose from a list of admins or add a fund manager
Include your selection in an audit company
designate directors and advisors
tap into a global deal origination network
Establish an automated deal evaluation procedure
Establish an investment committee for investment
AML and KYC checks
interface with users using different currencies and languages
AI can be used to perform analysis and basic DD
Stakeholders can access your portfolio
Automate accounting and reporting for funds.
Yes, we do. It's a bit unbelievable that we could deliver this level of functionality in only some days or hours. The first step in automating a process systematically is to do it manually many times. Note down what you have learned.
We've completed it and the notes no longer exist - they are the documentation entries which were designed to facilitate easy, fast automated creation of investment vehicles. Additionally, they facilitate the commercialization of the Hatcher+ Venture As-A-Service Technology ("VAAST") which is the multi-award-winning technology, data analytics platform which cuts the length of the year down to a mere few days.
This platform is designed to facilitate massive scale and from October 1st 2021, we'll be adding new clients to our pilot partners. If you're a multifamily business, a wealth management or private financial advisor, bank, or looking to help private investors for your clients, we can meet.