We thought we would have the business running within six months, however we took nine months to achieve this. We spent 18 months getting to the desired amount. And at that point we were only at 80percent of our activities were in place. You can schedule a time with us
One of the reasons for our initial optimism was? When we started our venture fund, it was difficult to think about how many steps were involved. We now know - since we've codified it , and we're at minimum the number 210. There's probably many more steps to add, but that number is close enough.
The numbers are staggering! The list has been made public for anyone to view. We've taken all our learnings and created an abundance of code to enhance the creation of investment vehicles - thanks to First Degree Global Asset Management, MAS licensed fund managers.
We have pooled our resources to develop an approach that cuts down on the time required to establish investment vehicles as well as to create operational support. This can be accomplished in a matter of days or even hours. What is operational support? It's the ability:
develop a site and operate on a platform
You have the option of choosing from many different fund structures
Include a licensed and experienced administrator of external funds
Include an administrator to your fund (or select from a variety of)
Choose the audit company you prefer
Nominate directors and advisors
tap into a global deal origination network
Automated deal analysis
Initiate an investment committee
Do KYC and AML checks?
Interface for users who use various languages and currencies
AI can be utilized to perform basic analysis of DD
Access your portfolio to stakeholder
Automate fund accounting and reporting.
That's all we know. It's amazing that we could deliver this level of functionality within a matter of hours or days. It is important to first experience the pain of manually doing the same thing over and over again before you can automate it.
We've done it, and those notes are no longer notes. They now form the documentation entries above the codified processes we've devised to enable the fast and simple, automated creation of investment vehicles, and the commercialization of the Hatcher+ Venture-As-A-Service Technology ("VAAST") platform - - the multi-award winning data analytics and technology platform that allows a year to be compressed to a number of 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 company, wealth manager, private bank or financial advisor is interested in enabling private investment vehicles to their customers. The process we use is simple and efficient, as well as easy.