We were optimistic that our H2 fund could be operational in just 6 months. It took us nine months. We actually spent 18 months to get to our desired level. At the time we were only at 80percent of our activities were completed.
One of the main reasons behind our initial optimism? Our first venture, we had no idea how many steps we needed to complete to start a venture fund. Now we know because we've codified the process. The number is most likely to be 210. There's probably a number of other steps we'll have to add to the list, we're confident this is near the minimum count.
You don't believe this number? Find our entire list here. Even better, we've taken all of our learnings and crafted a lot of code, and created an easier method to create investment vehicles - by utilizing licensed fund managers with MAS licenses First Degree Global Asset Management.
Using the resources of our combined teams, we've created a system to speed up the process needed to create an investment vehicle and set up operational support from months to days - or perhaps hours. What do we mean by operational support? Simply put, operational support is the capability to:
Start a site.
There are numerous options when it comes to fund structure
Include an experienced, fully licensed , external fund manager
Add the name of a fund administrator (or choose from a selection)
Incorporate your selection into an audit firm
designate directors and advisors
tap into a global deal origination network
Create an automated process for evaluating deals
Create an investment committee
AML and KYC checks
Interface that supports multiple languages and currencies for users
Make use of AI to perform basic analysis. use DD for more advanced analysis.
Your stakeholders have access to your portfolio
automate fund accounting, reporting as well as other manual processes
We know. It's amazing that we could deliver this level of functionality in just a couple of hours or days. The first step to automate an operation is to manually complete it several times. Take notes.
We've now finished the process and these notes have been removed They now comprise documents that we have codified over our methods for enabling the quick easy, automated development of investment vehicles as well as the commercialization Hatcher+ Venture-As-A-Service Technology ("VAAST") platform an award-winning technology platform that lets a year's worth of time be reduced to a couple of days.
This platform is designed to scale. We'll be adding clients to our pilot partner network on the 1st of October 2021. We would love to talk about your multi-family company or wealth manager, private bank, or financial advisor is interested in creating private investment vehicles to their customers. Our process is fast efficient, thorough, and simple.