The expectations we had when we began the H2 Fund were that it would be ready in six months. In the actual situation, it would take us at least nine months. We took 18 months to reach the level of operation we wanted. At the time we were only at 80% ready.
One of the factors that contributed to our initial optimism? We didn't know the number of steps were needed to create a venture fund when we began. We're now aware of it - as we've codified the process - and the answer is at minimum the number 210. We are aware of the numerous steps that should be added to this list, but we think that the minimum number should be at least 210.
Do you doubt this number? Check out our list. Better yet, we took all of our knowledge, developed a lot more code, and created an improved method of creating investment vehicles - with the help of First Degree Global Asset Management, MAS fund managers.
We combined the resources of our teams and developed a systematic approach to speed up the amount of time needed to have an investment vehicle established and to build operational support. The process can be completed in as short as a few hours or days. What exactly is operational support? This is the capability:
Create a website and an operating platform
Select from a range of structure of funds
Add an experienced, fully licensed, external fund manager
add an administrator for the fund (or choose from a list of admins)
Choose your preferred audit company
Appoint advisors and directors
tap into a global deal origination network
Set up an automated deal evaluation procedure
set up an investment committee
AML and KYC check
Interface with users who speak several languages or have different currencies.
Make use of AI to perform analysis and basic DD
Stakeholders can access your portfolio
Automate the process of fund accounting, reporting, or other manual functions
Yes, yes. It's incredible that we can achieve this level of functionality within a matter of hours, or perhaps days. But the first step in any automated procedure is to experience the pain of doing it manually several times and then take notes.
We've done it now, and those notes don't anymore exist These are the documents that were made to enable the quick, simple automated creation of investment vehicles. Also, they enable the commercialization Hatcher+ Venture-As-A-Service Technology ("VAAST") which is the multi-award-winning technology, data analytics platform that reduces the length of a year down to a mere few days.
This platform is designed for serious scale. On October 1 2021 we'll be able adding customers to our Pilot Partners. We'd love to speak with you if your multi-family business, wealth manager, private bank or financial advisor is interested in creating private investment vehicles for their customers. Our process is fast, efficient, complete and simple.