We thought we would be operational in just six months, but it took us nine months to achieve this. We took 18 months before we reached the level of operation we wanted. At the time we were just about 80% prepared.
One of the main reasons we were so optimistic was that: When we first began the venture fund it was difficult to realize how many steps there were. We now know because we've documented the process. It is at least 220. There's probably a number of other actions that we'll have to add to the list, we're pretty sure that's close to the minimum number.
Are you skeptical about this number? Find the complete list of the top 10 here. Better still, we're using our knowledge and developed a plethora of code and have created a better approach to creating investment vehicles - by utilizing MAS-licensed fund managers First Degree Global Asset Management.
We combined the resources of our teams and created a method to speed up the time required to have an investment vehicle established and to develop operational support. The process can be completed in as little as a few hours , or days. What is operational support? What exactly does the term "operational support" mean?
You can build a site.
Select from a range of fund structures
Include an experienced, fully-licensed, external fund manager.
Create the name of a fund administrator (or choose from a selection)
Select the firm that you prefer
appoint directors and advisors
tap into a global deal origination network
Create an automated process for deal analysis
Establish an investment committee for investment
Do KYC and AML checks
Interface with users who can speak different languages or have currencies
AI can be utilized to perform basic DD analysis
Your portfolio should be available to stakeholders
Automate the process of fund accounting, reporting, or other manual functions
Yes, we can. It's incredible to think we can deliver this level of functionality in just a couple of hours or days. The first step in automating a process systematically is to manually complete it several times. Take notes.
Now that we have done this, the notes will no longer serve as notes. They're now documentation entries over the codified procedures we designed to enable the rapid, simple automated development and commercialization of the Hatcher+ Venture-As-A-Service Technology ("VAAST") platforms. This platform, which is multi-award-winning and data analytics-based platform, lets a year be reduced to just a few days.
This platform is designed to allow for massive scale - and on October 1st, 2021, we'll be adding new clients to our pilot partners. If you're a multi-family office, a wealth manager, private bank, or a financial advisor who wants to set up an investment vehicle that is private for your clients , using a process that is fast efficient, reliable, and comprehensive We'd love to talk with you.