We thought we would be up and running within six months, however it took us nine months to reach that point. It took us 18 months to complete the process to get to our desired level of operation. We were still only at 80%. You can schedule a time with us
One of the main reasons we believed in our optimism was that: In the beginning of our first venture, we did not know the number of steps would be required to establish a venture funds. We are now aware of the number of steps required to create the venture fund. While there are likely many more steps we need to include, we think that this is the minimum number.
Are you skeptical about the number? The data has been made available for everyone to see. Additionally, we've used our knowledge to create a new product, created a lot of code, and created a better way to create investment vehicles - using First Degree Global Asset Management and MAS-licensed fund managers.
Our resources combined have enabled us to develop a strategy which can reduce the time needed to establish an investment vehicle, as well as establish operational support. It can take a few days to do this. It could take hours. What does operational support mean? In essence, we're talking about the ability to:
Create a site.
Select from a range of fund structures
Incorporate an expert, licensed and experienced external fund manager
Create an administrator to the fund (or choose from a list of admins)
Include your preferred auditor firm
Nominate directors, advisors, and directors
tap into a global deal origination network
Create an automated deal analysis process
Create an investment committee
AML as well as KYC check
Interface that allows users to use different currencies and languages
AI is utilized for analysis and for basic DD
Allow stakeholder access to your portfolio
Automate the accounting of funds and report generation.
Yes, we do. It's incredible that we can achieve this level of efficiency within a matter of hours, or even days. The first step in automating a process systematically is to do it manually many times. Make notes.
It's done now, and those notes are no longer in existence These are the entries in the documentation that were created to allow the simple, quick, automated creations of investment vehicles. Also, they enable the commercialization of the Hatcher+ Venture As-A-Service Technology ("VAAST") - the multi-award-winning technology, data analytics platform that cuts the duration of a year down to a mere few days.
This platform is designed to enable serious scale - and, on the 1st of October 2021, we'll be expanding our client base to our pilot partners. We would love to talk about your multi-family office, wealth manager, private bank, or financial advisor is interested in creating private investment vehicles for their clients. Our process is quick and efficient, as well as simple.