The initial expectation was that our H2 fund would become operational in six months. We actually expected it to take nine months. We took 18 months for the process to reach the level we wanted to operate at. We were still only at 80%.
One reason for our early optimism was? In the beginning of our initial venture, we did not know the number of steps were required to create the venture fund. We now know because we've documented the process. It is at minimum 220 steps. Although there's a good chance that there are numerous more steps to include, we believe that this is the minimum number.
Are you skeptical about the numbers? The list is available to anyone who would like to have it. In addition, we've utilized our learnings and developed a great deal of code and designed a better way to create investment vehicles - using First Degree Global Asset Management and MAS-licensed fund managers. We invite you to schedule a session by clicking here
Utilizing the expertise of our combined teams, we've created a system to speed up the process needed to establish an investment vehicle and build operational support from days to months or perhaps hours. What exactly is operational support? In simple terms, the term "operational support" is the capability to:
develop a site and operate on a platform
There are many options available in the field of the structure of a fund
Add an experienced, licensed and competent fund manager
Include the name of a fund administrator (or select from a variety of)
Choose an audit company
Directors and advisors are nominated.
tap into a global deal origination network
Create an automated process for analyzing deals
Set up an investment committee
AML as well as KYC check
Interact with users who use multiple languages and currencies.
AI can be utilized to carry out basic analysis of DD
let stakeholder access your portfolio
Automate the reporting of funds and accounting.
Yes, we can. It's a bit unbelievable to be able to offer this level of functionality in just a few hours or even days. The first step in automating a process systematically is to do it manually numerous times. Note down what you have learned.
After we've done that, those notes no longer serve as notes. They are now the documentation entries over the codified procedures we developed to facilitate the rapid, simple, automated development and commercialization Hatcherand Venture-As-As-A-Service Technology ("VAAST") platforms. This platform, which has been awarded multiple times, is a multi-award winning and data analytics platform, allows a year to be reduced to just a couple of days.
The platform was designed to allow for massive growth. Beginning on October 1 2021 we'll be expanding our network of pilot partners to include new clients. We'd love to talk with you if you're a multi-family bank or wealth manager, private bank or financial advisor who wants to create private investment vehicles for clients. It's a quick and effective process.