We had hoped to be up and running in just six months, but we took nine months to get there. We took 18 months for the process to get to the desired level of operation. We were still only at the 80% mark.. Schedule a session with our team
Our enthusiasm began early. Our first venture was a difficult undertaking. We didn't know how many steps we'd need to complete to establish a venture capital fund. We are now aware of the number of steps required to create the venture fund. While there's likely to be many more steps that we still must add to that list, we're certain that is close to the minimum number.
Don't believe the number? The list is available to anyone who wants to have it. We've taken all our learnings and created a ton more code to help improve the design of investment vehicles. Thanks to First Degree Global Asset Management, MAS licensed fund managers.
We have merged the expertise of our teams and created a method to speed up the time it takes to have an investment vehicle set up and to build operational support. The process can be completed in as short as a few hours , or days. What is operational support? In essence we're talking about the capability to:
create a website and operating platform
There are many options available in the field of the structure of a fund
Add an experienced, fully licensed , external fund manager
You can add a fund administrator to your portfolio or select one of the administrators.
Add your choice in an audit company
designate directors and advisors
tap into a global deal origination network
Create an automated deal evaluation procedure
set up an investment committee
AML and KYC checks
Interact with users who use various languages and currencies.
AI is used to analyze and basic DD
enable stakeholder access to your portfolio to allow stakeholder access
Automate fund reporting and accounting.
Yes, we do. It's kind of amazing that we can provide that level of functionality in just a few hours or even days. The first step to automating a process is to do the process manually several times, and then make notes.
We've completed that process and the notes are no longer notes - they now constitute the documentation entries that are above the codified processes we've devised to allow the rapid easy, automated formation 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 enables the year to be reduced to a number of days.
The platform was designed to facilitate massive scale and on October 1st 2021, we'll begin adding new clients to our pilot partners. If you're a multifamily office or a wealth management firm, a private bank, financial advisor, or are looking to help private investors for your clients, we can talk.