Our initial expectations were that the H2 fund would be operational in just six months. We had actually anticipated to wait nine months. It took us 18 months to complete the process to reach the desired level of operation. We're still at the 80% mark..
One of the reasons why we were so optimistic was this: When we first began our venture fund, we did not realize how many steps were involved. Now, we know since it's codified. We have at least 210 steps. While there's likely to be a number of other actions that we'll have to add to the list, we're pretty confident that's close to the minimum count.
Are you unsure about the numbers? We've made our list accessible for anyone to check it out here. Even better, we have utilized our learnings and developed a great deal of code and developed an easier method to create investment vehicles. We've used First Degree Global Asset Management and MAS-licensed fund managers.
Using the resources of our team, we've built a systematic approach which can cut down the time needed to establish an investment vehicle, and ramp up operational support from months to days - or perhaps hours. What is operational support? Operational support is, in short, the capability to:
Create a website and an operating platform
There are numerous options in the field of structuring a fund
Include an outside fund manager licensed and experienced
Add a fund administrator or choose from a list of admins
Select the best audit firm
Nominate directors and advisors
tap into a global deal origination network
Automate a process for analyzing deals
Establish an investment committee
do KYC as well as AML checks
Interface with users who use multiple languages and currencies
Make use of AI for basic analysis and DD
Give stakeholder access your portfolio
Automate the process of fund accounting, reporting, or other manual functions
We know. It's almost absurd that we can deliver this level of functionality in as little as some days or hours. The first step in automating the process is to perform it manually several times. Take notes.
Now that we have done this, the notes will no longer serve as notes. They're now documents that are based on the codified procedures we designed to enable the rapid, 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 allows for a year's time to be reduced to just a couple of days.
This platform was created to expand. We'll be adding clients to our pilot partner network on the 1st of October 2021. If you're a multifamily company, a wealth management bank, private bank, financial advisor, or looking to make private investments available to your clients, we're happy to talk.