The expectations we had when we began the H2 Fund were that it would be up within six months. In the actual situation, it would take us at least nine months. We took 18 months before we reached the level of operation we wanted. At this point, we were only about 80% prepared.
One of the main reasons behind our initial optimism? When we first began the venture fund we did not know how many steps were involved. Now we know because we've codified the process. The answer is at most about 210. Although there's a good chance that there are several more steps to include, we believe that this is the minimum amount.
Are you skeptical about this number? We've made our list available for anyone to check out here. The best part is that we've combined the lessons learned with a lot of code to develop a better approach for making investment vehicles. And this was made possible by First Degree Global Asset Management (MAS-licensed funds managers). You can schedule a session with us.
We combined the resources of our teams and come up with a system to reduce the time required for an investment vehicle to be established and also to establish operational support. The process can be completed in as little as a couple of hours or days. What is operational support? Operational support is basically the capability to:
Start a site.
pick from a variety different fund structures
Incorporate an outside fund manager licensed and knowledgeable
You can add a fund administrator to the list or choose from a variety of admins
Include your preferred audit firm
Appoint advisors and directors
tap into a global deal origination network
Create an automated deal analysis process.
set up an investment committee for investment.
Do KYC as well as AML checks
Interface that supports multiple languages and currencies.
AI can be used to perform basic DD analysis
Your portfolio should be accessible to stakeholder parties
Automate fund reporting and accounting.
Yes, we do. It's amazing that we could deliver this level of functionality in a matter of days or hours. The first step in automating a process systematically is to perform it manually several times. Note down what you have learned.
We have now completed this and the notes are no more notes They now comprise documents that we have codified over our methods that allow for the rapid and simple, automated creation of investment vehicles as well as the commercialization Hatcher+ Venture-As-A-Service Technology ("VAAST") platform - a multi-award winning technology platform and data analytics that allows a year's time to be compressed to a matter of days.
The platform was designed to facilitate massive scale and on October 1st 2021, we'll be expanding our client base to our pilot partners. Let's talk if you're a multifamily or bank manager, wealth manager or financial advisor looking to set up private investment vehicles for your clients. This is a fast, fast, and complete procedure.