Our expectations when we started the H2 Fund were that it would be up within six months. In actuality, it took us at least nine months. We needed 18 more months to achieve the desired degree of readiness but we were just 80% prepared.
One of the reasons we were so optimistic was: On our first outing we didn't know how many steps we needed to complete to start a venture fund. Now we know because we've codified it. The number is most likely to be around 210. Although there's likely to be many more steps we need to include, we believe that this is the minimum number.
The amount of entries is staggering! The data has been made public for anyone to view. We've also taken all of our learnings, developed a ton of code, and created an easier method to create investment vehicles - by utilizing MAS-licensed fund managers First Degree Global Asset Management.
We combined the resources of our teams and have developed a systematic approach to reduce the time it takes for an investment vehicle to be set up and to develop operational support. The process can be completed in as short as a few hours or days. What exactly does it mean to offer operational support? In essence we're talking about the ability to:
Create a website and an operating platform
pick from a variety fund structures
Include an experienced, fully licensed, external fund manager.
Choose from a list of administrators or add the fund manager
Include your selection in an auditing firm
Designate directors, advisors and other officials.
tap into a global deal origination network
Automated deal analysis
established an investment committee
Do KYC and AML checks?
Interface that supports multiple languages and currencies for users
Use AI to perform analysis and basic analysis and basic
enable stakeholder access to your portfolio
automate fund accounting, reporting as well as other manual processes
We know. It is amazing that we can attain this level of efficiency within a matter of hours, or perhaps days. The initial step in automating a process is to go through it several times manually and then take notes.
We've now done that and the notes are no longer notes - they now constitute the documentation entries above the codified procedures we've created to facilitate the quick, easy, automated creation of investment vehicles and commercialization of the Hatcher+ Venture-As-A-Service Technology ("VAAST") platform - a multi-award-winning data analytics and technology platform that enables a year to be compressed into a few days.We invite you to schedule a session by clicking here
This platform is designed to allow for massive scale - and on October 1st, 2021, we'll be moving to add new clients to our pilot partners. If you're a multifamily business, a wealth management bank, private financial advisor, bank, or are looking to facilitate private investment to your clients, let us talk.