We had hoped to have the business running in six months, but it took us nine months to get there. We took 18 months before we reached the desired level of operations. At that point, we were only about 80% prepared.
One reason for our early optimism was? Our first venture we were unsure of how many steps we needed to walk through in order to start a venture fund. We now know because we've documented the process. It's at least 220. There are many steps that need to be added to the list, however we believe that the minimum number should be at minimum 210. We invite you to schedule a session by clicking here
Are you skeptical about this number? The list has been made public for anyone to view. Additionally, we've used our knowledge to create a new product and created a large amount of code and designed an improved method of creating investment vehicles using First Degree Global Asset Management, MAS-licensed fund managers.
We have pooled our resources to design an approach that cuts down on the time it takes to establish investment vehicles and build operational support. This can be accomplished in a matter of days or even hours. What exactly is operational support? Simply put, the term "operational support" refers to the ability to:
Create a website and an operating platform
Select from a range of different fund structures
Include an experienced, fully licensed , external fund manager
Create a fund administrator, or select from a range of admins
Choose your preferred audit company
Designate directors, advisors and other officials.
tap into a global deal origination network
Establish an automated deal evaluation process
Create an investment committee
Perform KYC and AML checks
Interface with users who speak different languages or have currencies
use AI for analysis as well as basic DD
allow stakeholder access to your portfolio
Automate fund reporting and accounting.
Yes, we do. It's a bit unbelievable to be able to offer the same level of functionality within only a few hours, or days. To automate a process in a systematic manner first, you have to endure the pain of doing it manually repeatedly - and make notes.
We've done it and the notes are no longer notes. They are now the documentation entries that are above the codified procedures we've created to facilitate the quick, easy, automated creation of investment vehicles and the commercialization of the Hatcher+Venture-As-As-A-Service Technology ("VAAST") platform - - the multi-award winning technology and data analytics platform that allows an entire year to be compressed to a number of days.
The platform was designed to allow for massive scale - and on October 1st 2021, we'll be expanding our client base to our pilot partners. Let's chat if you are a multi-family bank or wealth manager or private financial advisor who wants to create private investments for your customers. It is a fast and effective process.