The expectations we had when we began our H2 Fund were that it would be ready in six months. In reality, it would take us at most nine months. We took 18 months for the process to get to the desired level of operation. We were still only at 80%.
One reason for our early optimism was? When we launched our first venture, we did not know the number of steps it would take to establish a venture funds. We now know - since we've codified it , and the answer is at least 210. Although there may be additional actions to be added to that list, we're pretty sure that it is near the minimum.
Are you unsure about the numbers? We've made it available for anyone to check it out here. We've applied all our lessons and developed a lot of code to improve the creation of investment vehicles thanks to First Degree Global Asset Management, MAS licensed fund managers.
We combined the resources of our teams and have developed a systematic approach to speed up the time it takes for an investment vehicle to be created and also to establish operational support. The process can be completed in as short as a few hours , or days. What is operational support? Operational support is basically the ability to:
create a website and operating platform
Pick from a range fund structures
Add an experienced and licensed manager of external funds
Include a fund administrator (or choose from a selection)
Select the audit firm you like
Designate advisors and directors
tap into a global deal origination network
Establish an automated deal evaluation process
Create an investment committee
Perform KYC and AML checks?
Interact with users who use various currencies and languages
Make use of AI for basic analysis and DD
Let stakeholders have access to your portfolio
Automate fund reporting and accounting.
Yes, we can. It's kind of amazing to be able to offer the same level of functionality within only a few hours, or days. The first step to automate a process systematically is to manually complete it several times. Note down what you have learned.
We have now completed this and the notes are no more notes and now form the documents above our codified methods for enabling the quick easy, automated development of investment vehicles and commercialization of the Hatcher+ Venture-Asa-Service Technology ("VAAST") platform - a multi-award winning technology platform that allows for a whole year's duration to be compressed to a matter of days.
This platform has been built to allow for massive scaling. Beginning on October 1 2021 we'll be expanding our network of pilot partners to include new clients. If you're a multi-family office or wealth manager, a private bank, an advisor to financials who wants to set up the creation of a private investment vehicle for your clients , using an approach that's fast efficient, reliable, and comprehensive Let's discuss.