Our expectations when we started our H2 Fund were that it would be up within six months. In actuality, it took the least of nine months. We took 18 months for the process to get to the level we wanted to operate at. We were still only at 80%.
One of the main reasons we believed in our optimism was: We weren't aware of the steps needed to set up a venture fund when we started out. Now we know because we have codified it. The number is most likely to be around 210. We know there are many steps that need to be added to this list, but we think that the minimum number should be at least 210.
Are you skeptical about the numbers? We've made it available to anyone who wants to check it out here. We've also using our knowledge and crafted a lot of code and have created an easier method to create investment vehicles - using MAS-licensed fund managers First Degree Global Asset Management.
Our resources combined have enabled us to design a method that can cut down the time it takes to set up an investment vehicle, as well as establish operational support. It takes just a few days to accomplish this. It could take hours. What exactly is operational support? Operational support is, in short, the capability to:
create a website and operating platform
You can pick from a variety of fund structures
add an experienced, fully-licensed, external fund manager
Create an administrator to the fund (or select from a range of admins)
Add your preferred audit firm
Nominate directors and advisors
tap into a global deal origination network
Create an automated deal analysis process
Establish an investment committee for investment
Perform KYC and AML checks?
Interface with users who speak multiple languages or currencies
AI is utilized for analysis and for DD basics
Stakeholders have access to your portfolio
Automate the accounting and reporting of funds and other manual tasks
Yes, we can. We can accomplish this in days or hours. It seems almost unbelievable. The first step to any automated procedure is to experience the pain of doing it manually several times and record notes.
That's done. The notes no longer are notes. They are now documentation of the techniques that we used to design investments vehicles. We also commercialized Hatcher+ Venture As-a-Service Technology ("VAAST") which is a multi-award winning technology that allows an entire year of work to be compressed to a matter of days.
This platform was created to facilitate serious scaling. Since October 1st 2021 we'll expand our list of pilot partners to accommodate new customers. Let's chat if you are a multi-family bank or wealth manager or private bank advisor who wants to create private investment vehicles for clients. It is a fast and efficient process that is complete.