We had hoped to be operational within six months, however it took us nine months to reach that point. The process took us 18 months to reach our desired level of operations - and at that moment, we were only 80% ready.
One of the reasons why we were so confident was this: The first venture we launched was a difficult task. We had no idea the number of steps that we'd have to follow in order to set up a venture capital fund. We have now a better understanding of the steps required to create a venture fund. While there are likely several more steps to add, we believe that this is the minimum number. Please schedule a session
Are you unsure about the numbers? Our list is now available to anyone who wishes to access it. We've applied all our lessons and created an abundance of code to enhance the creation of investment vehicles thanks to First Degree Global Asset Management, MAS licensed fund managers.
Our combined teams have created an efficient method that will cut down on the time and effort required to set up an investment fund, and also provide operational support. We're able to leverage the resources of our team members to accomplish this in the hours, not days. What does it mean to offer operational support? We're referring to the ability:
Make a website.
There are numerous options when it comes to the structure of a fund
Add an experienced, fully-licensed, external fund manager
Create a fund administrator (or choose from a range)
Select an auditing firm
Designate directors and advisors
tap into a global deal origination network
Create an automated deal evaluation procedure
Create an investment committee
AML and KYC checks
Interact with users who speak different languages or have currencies
Use AI to perform analysis and basic DD
Allow stakeholder access to your portfolio
Automate the accounting and reporting of funds as well as other manual duties
Yes, we do. It's kind of amazing to provide the same level of functionality within only a few hours, or days. The first step in automating a process is to do it several times manually and take notes.
It's done now and the notes no longer exist These are the documents that were made to enable easy, fast automated creation of investment vehicles. Additionally, they facilitate the commercialization Hatcher+ Venture-As-A-Service Technology ("VAAST") - the multi-award-winning technology, data analytics platform that cuts the length of the year to just a few days.
This platform has been built to facilitate serious scale. From October 1st 2021 we'll expand our list of pilot partners to accommodate new customers. If you're a multi-family business or wealth manager, a private bank, or 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 and efficient, as well as complete, let's talk.